BNP Paribas Financial Markets Invests $1.34 Million in Gambling.com Group Limited (NASDAQ:GAMB)

BNP Paribas Financial Markets acquired a new position in Gambling.com Group Limited (NASDAQ:GAMB) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 94,966 shares of the company’s stock, valued at approximately $1,337,000. BNP Paribas Financial Markets owned approximately 0.26% of Gambling.com Group as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. LPL Financial LLC lifted its position in shares of Gambling.com Group by 8.7% in the fourth 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. Dimensional Fund Advisors LP raised its position in Gambling.com Group by 12.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 503,426 shares of the company’s stock worth $7,089,000 after acquiring an additional 56,268 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in Gambling.com Group during the fourth quarter worth $2,280,000. Gagnon Securities LLC bought a new stake in Gambling.com Group during the fourth quarter worth $317,000. Finally, M&T Bank Corp bought a new stake in Gambling.com Group during the fourth quarter worth $195,000. Institutional investors own 72.26% of the company’s stock.

Gambling.com Group Price Performance

NASDAQ:GAMB opened at $12.35 on Tuesday. Gambling.com Group Limited has a one year low of $7.52 and a one year high of $17.14. The company has a market cap of $429.32 million, a P/E ratio of 15.83 and a beta of 1.04. The firm’s fifty day moving average price is $12.67 and its two-hundred day moving average price is $13.39. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 1.03.

Gambling.com Group (NASDAQ:GAMB) last released its quarterly earnings data on Thursday, May 15th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.25 by $0.21. Gambling.com Group had a net margin of 23.40% and a return on equity of 25.06%. Equities analysts expect that Gambling.com Group Limited will post 0.88 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have issued reports on GAMB. Cantor Fitzgerald began 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 target on the stock. 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 report on Friday, March 21st. Benchmark reaffirmed a “buy” rating and set a $18.00 price target on shares of Gambling.com Group in a research report on Thursday, February 20th. 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 report on Wednesday, April 23rd. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, Gambling.com Group presently has a consensus rating of “Buy” and a consensus price target of $18.25.

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.