Hillsdale Investment Management Inc. Grows Stock Holdings in Gambling.com Group Limited (NASDAQ:GAMB)

Hillsdale Investment Management Inc. raised its position in shares of Gambling.com Group Limited (NASDAQ:GAMB) by 1,320.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 339,531 shares of the company’s stock after buying an additional 315,631 shares during the period. Hillsdale Investment Management Inc.’s holdings in Gambling.com Group were worth $4,781,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. American Century Companies Inc. lifted its position in shares of Gambling.com Group by 22.8% during the fourth quarter. American Century Companies Inc. now owns 39,550 shares of the company’s stock valued at $557,000 after buying an additional 7,341 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Gambling.com Group during the fourth quarter valued at about $146,000. Quantbot Technologies LP lifted its position in shares of Gambling.com Group by 12,853.2% during the fourth quarter. Quantbot Technologies LP now owns 10,233 shares of the company’s stock valued at $144,000 after buying an additional 10,154 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of Gambling.com Group during the fourth quarter valued at about $146,000. Finally, Tocqueville Asset Management L.P. increased its holdings in shares of Gambling.com Group by 44.4% during the fourth quarter. Tocqueville Asset Management L.P. now owns 130,000 shares of the company’s stock valued at $1,830,000 after acquiring an additional 40,000 shares in the last quarter. 72.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on GAMB. Macquarie upped their price objective on shares of Gambling.com Group from $18.00 to $19.00 and gave the company an “outperform” rating in a report on Friday. Jefferies Financial Group upped their price objective 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. Benchmark restated a “buy” rating and set a $18.00 price objective on shares of Gambling.com Group in a report on Thursday, February 20th. Cantor Fitzgerald began coverage on shares of Gambling.com Group in a report on Wednesday, March 5th. They set an “overweight” rating and a $20.00 price objective on the stock. Finally, Craig Hallum upped their price objective on shares of Gambling.com Group from $16.00 to $18.00 and gave the company a “buy” rating in a report on Friday, December 13th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Gambling.com Group presently has an average rating of “Buy” and a consensus target price of $17.56.

Gambling.com Group Price Performance

Shares of NASDAQ:GAMB opened at $13.20 on Friday. Gambling.com Group Limited has a twelve month low of $7.52 and a twelve month high of $17.14. The company’s 50 day moving average is $14.20 and its 200 day moving average is $12.54. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.20. The company has a market cap of $491.34 million, a PE ratio of 16.92 and a beta of 0.99.

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

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.