Strs Ohio Acquires 15,100 Shares of Gambling.com Group Limited (NASDAQ:GAMB)

Strs Ohio lifted its holdings in shares of Gambling.com Group Limited (NASDAQ:GAMB) by 38.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 54,700 shares of the company’s stock after acquiring an additional 15,100 shares during the period. Strs Ohio owned approximately 0.13% of Gambling.com Group worth $533,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GAMB. Dorsey Wright & Associates bought a new position in shares of Gambling.com Group during the 3rd quarter worth about $26,000. Quantbot Technologies LP bought a new position in Gambling.com Group during the 3rd quarter valued at about $63,000. Algert Global LLC bought a new position in Gambling.com Group during the 3rd quarter valued at about $145,000. Jump Financial LLC bought a new position in Gambling.com Group during the 3rd quarter valued at about $206,000. Finally, O Shaughnessy Asset Management LLC bought a new position in Gambling.com Group during the 3rd quarter valued at about $275,000. 72.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GAMB. TheStreet downgraded shares of Gambling.com Group from a “b” rating to a “c” rating in a report on Monday, January 8th. B. Riley began coverage on shares of Gambling.com Group in a report on Friday. They set a “buy” rating and a $14.50 price target for the company. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $15.21.

Gambling.com Group Trading Down 0.1 %

Shares of NASDAQ GAMB opened at $8.73 on Friday. Gambling.com Group Limited has a 1-year low of $8.35 and a 1-year high of $14.83. The company has a 50-day moving average of $8.87 and a two-hundred day moving average of $9.98. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.01. The company has a market cap of $324.96 million, a PE ratio of 18.57 and a beta of 0.90.

Gambling.com Group (NASDAQ:GAMB) last issued its quarterly earnings results on Thursday, March 21st. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.01). Gambling.com Group had a return on equity of 24.50% and a net margin of 16.81%. The business had revenue of $32.53 million for the quarter, compared to analyst estimates of $27.63 million. As a group, equities analysts expect that Gambling.com Group Limited will post 0.82 earnings per share for the current fiscal year.

About Gambling.com Group

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.