Clearbridge Investments LLC Has $14.27 Million Holdings in Gambling.com Group Limited (NASDAQ:GAMB)

Clearbridge Investments LLC decreased its position in shares of Gambling.com Group Limited (NASDAQ:GAMB) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,013,247 shares of the company’s stock after selling 10,558 shares during the quarter. Clearbridge Investments LLC owned approximately 2.72% of Gambling.com Group worth $14,267,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of GAMB. Exchange Traded Concepts LLC increased its holdings in Gambling.com Group by 2.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 49,799 shares of the company’s stock valued at $701,000 after purchasing an additional 1,325 shares during the period. Global Retirement Partners LLC increased its stake in shares of Gambling.com Group by 1,613.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,971 shares of the company’s stock valued at $28,000 after buying an additional 1,856 shares during the period. LPL Financial LLC raised its position in shares of Gambling.com Group by 8.7% during the fourth quarter. LPL Financial LLC now owns 28,549 shares of the company’s stock worth $402,000 after acquiring an additional 2,275 shares during the last quarter. IFP Advisors Inc acquired a new position in shares of Gambling.com Group in the fourth quarter worth approximately $49,000. Finally, Bank of New York Mellon Corp boosted its holdings in Gambling.com Group by 12.1% in the fourth quarter. Bank of New York Mellon Corp now owns 34,540 shares of the company’s stock valued at $486,000 after acquiring an additional 3,729 shares during the last quarter. Institutional investors and hedge funds own 72.26% of the company’s stock.

Gambling.com Group Trading Up 2.0 %

Shares of Gambling.com Group stock opened at $12.96 on Thursday. The stock has a market capitalization of $450.53 million, a PE ratio of 16.62 and a beta of 0.99. Gambling.com Group Limited has a 52 week low of $7.52 and a 52 week high of $17.14. The stock has a 50 day moving average price of $14.08 and a two-hundred day moving average price of $12.72. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.03 and a current ratio of 1.03.

Gambling.com Group (NASDAQ:GAMB) last posted its quarterly earnings results on Thursday, March 20th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.10. Gambling.com Group had a net margin of 23.40% and a return on equity of 25.06%. The business had revenue of $35.30 million during the quarter, compared to the consensus estimate of $35.20 million. The business’s revenue was up 8.6% on a year-over-year basis. As a group, equities analysts anticipate that Gambling.com Group Limited will post 0.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

GAMB has been the topic of a number of recent analyst reports. Macquarie boosted their price target on shares of Gambling.com Group from $18.00 to $19.00 and gave the stock an “outperform” rating in a research report on Friday, March 21st. Jefferies Financial Group boosted their target price on shares of Gambling.com Group from $20.00 to $21.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Cantor Fitzgerald assumed coverage on Gambling.com Group in a report on Wednesday, March 5th. They set an “overweight” rating and a $20.00 price target for the company. BTIG Research boosted their price objective on Gambling.com Group from $13.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Finally, Benchmark reaffirmed a “buy” rating and set a $18.00 target price on shares of Gambling.com Group in a research note on Thursday, February 20th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $17.56.

Gambling.com Group Company Profile

Gambling.com Group Limited operates as a performance marketing company for the online gambling industry worldwide. It provides digital marketing services for the iGaming and social casino products. The company's focus is on online casino, online sports betting, and fantasy sports industry. It publishes various branded websites, including Gambling.com, Casinos.com, RotoWire.com, and Bookies.com.