Renaissance Technologies LLC Buys 12,000 Shares of Gambling.com Group Limited (NASDAQ:GAMB)

Renaissance Technologies LLC raised its position in Gambling.com Group Limited (NASDAQ:GAMB) by 4.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 298,800 shares of the company’s stock after purchasing an additional 12,000 shares during the period. Renaissance Technologies LLC owned 0.80% of Gambling.com Group worth $2,456,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of GAMB. American Century Companies Inc. lifted its stake in Gambling.com Group by 38.0% in the second quarter. American Century Companies Inc. now owns 15,523 shares of the company’s stock valued at $128,000 after buying an additional 4,276 shares during the period. Rhumbline Advisers raised its holdings in shares of Gambling.com Group by 29.8% in the second quarter. Rhumbline Advisers now owns 21,950 shares of the company’s stock valued at $180,000 after purchasing an additional 5,043 shares during the last quarter. Capstone Investment Advisors LLC lifted its position in shares of Gambling.com Group by 9.0% during the first quarter. Capstone Investment Advisors LLC now owns 32,700 shares of the company’s stock valued at $299,000 after purchasing an additional 2,700 shares in the last quarter. Bank of New York Mellon Corp grew its position in Gambling.com Group by 5.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 41,714 shares of the company’s stock worth $343,000 after purchasing an additional 2,090 shares in the last quarter. Finally, Wedge Capital Management L L P NC increased its stake in Gambling.com Group by 197.7% in the 2nd quarter. Wedge Capital Management L L P NC now owns 202,727 shares of the company’s stock valued at $1,666,000 after buying an additional 134,620 shares during the last quarter. Institutional investors and hedge funds own 72.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on GAMB shares. Craig Hallum upped their target price on Gambling.com Group from $12.00 to $14.00 and gave the company a “buy” rating in a report on Friday, August 16th. Truist Financial reaffirmed a “buy” rating and set a $13.00 target price (up from $12.00) on shares of Gambling.com Group in a research report on Friday, August 16th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $13.25.

Gambling.com Group Price Performance

Shares of NASDAQ GAMB opened at $10.02 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.17. The stock has a fifty day simple moving average of $9.80 and a two-hundred day simple moving average of $8.96. Gambling.com Group Limited has a 1-year low of $7.51 and a 1-year high of $14.43. The firm has a market cap of $372.97 million, a price-to-earnings ratio of 20.45 and a beta of 0.86.

Gambling.com Group (NASDAQ:GAMB) last posted its quarterly earnings results on Thursday, August 15th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.07. Gambling.com Group had a return on equity of 22.98% and a net margin of 22.13%. The company had revenue of $30.54 million during the quarter, compared to the consensus estimate of $27.11 million. Analysts anticipate that Gambling.com Group Limited will post 0.79 earnings per share for the current year.

Gambling.com Group 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.