Geode Capital Management LLC Has $3.08 Million Stock Position in Gambling.com Group Limited (NASDAQ:GAMB)

Geode Capital Management LLC reduced its position in Gambling.com Group Limited (NASDAQ:GAMB) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 218,483 shares of the company’s stock after selling 5,231 shares during the period. Geode Capital Management LLC owned about 0.59% of Gambling.com Group worth $3,076,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in GAMB. Exchange Traded Concepts LLC grew its position in Gambling.com Group by 2.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 49,799 shares of the company’s stock worth $701,000 after purchasing an additional 1,325 shares in the last quarter. Global Retirement Partners LLC grew its position in Gambling.com Group by 1,613.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,971 shares of the company’s stock worth $28,000 after purchasing an additional 1,856 shares in the last quarter. LPL Financial LLC grew its position in Gambling.com Group by 8.7% during the 4th quarter. LPL Financial LLC now owns 28,549 shares of the company’s stock worth $402,000 after purchasing an additional 2,275 shares in the last quarter. IFP Advisors Inc purchased a new position in Gambling.com Group during the 4th quarter worth approximately $49,000. Finally, Bank of New York Mellon Corp grew its position in Gambling.com Group by 12.1% during the 4th quarter. Bank of New York Mellon Corp now owns 34,540 shares of the company’s stock worth $486,000 after purchasing an additional 3,729 shares in the last quarter. Institutional investors and hedge funds own 72.26% of the company’s stock.

Gambling.com Group Trading Up 0.1 %

Gambling.com Group stock opened at $12.79 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market capitalization of $444.62 million, a price-to-earnings ratio of 16.40 and a beta of 1.04. Gambling.com Group Limited has a one year low of $7.52 and a one year high of $17.14. The company’s fifty day moving average price is $12.76 and its two-hundred day moving average price is $13.02.

Gambling.com Group (NASDAQ:GAMB) last posted its earnings results on Thursday, March 20th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.25 by $0.10. The firm 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%. Gambling.com Group’s revenue was up 8.6% compared to the same quarter last year. On average, analysts forecast that Gambling.com Group Limited will post 0.88 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Cantor Fitzgerald assumed coverage on shares of Gambling.com Group in a research report on Wednesday, March 5th. They set an “overweight” rating and a $20.00 price objective on the stock. Benchmark reiterated a “buy” rating and set a $18.00 price objective on shares of Gambling.com Group in a research report on Thursday, February 20th. Jefferies Financial Group boosted their price target 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. Macquarie upped 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 note on Friday, March 21st. Finally, Truist Financial dropped their price target on shares of Gambling.com Group from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, April 23rd. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $17.67.

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.