Simplex Trading LLC Increases Holdings in Gambling.com Group Limited $GAMB

Simplex Trading LLC grew its holdings in Gambling.com Group Limited (NASDAQ:GAMB) by 191.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,899 shares of the company’s stock after acquiring an additional 2,559 shares during the period. Simplex Trading LLC’s holdings in Gambling.com Group were worth $49,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Deutsche Bank AG lifted its position in shares of Gambling.com Group by 2,516.7% in the first quarter. Deutsche Bank AG now owns 14,444 shares of the company’s stock valued at $182,000 after acquiring an additional 13,892 shares in the last quarter. J. Safra Sarasin Holding AG lifted its position in shares of Gambling.com Group by 7.5% in the first quarter. J. Safra Sarasin Holding AG now owns 36,900 shares of the company’s stock valued at $466,000 after acquiring an additional 2,590 shares in the last quarter. Bastion Asset Management Inc. purchased a new position in shares of Gambling.com Group in the first quarter valued at about $833,000. Wakefield Asset Management LLLP lifted its position in shares of Gambling.com Group by 6.4% in the first quarter. Wakefield Asset Management LLLP now owns 74,508 shares of the company’s stock valued at $940,000 after acquiring an additional 4,454 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA purchased a new position in shares of Gambling.com Group in the first quarter valued at about $554,000. 72.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GAMB. Truist Financial downgraded Gambling.com Group from a “buy” rating to a “hold” rating and lowered their price objective for the company from $17.00 to $11.00 in a research report on Friday, August 15th. BTIG Research lowered their price objective on Gambling.com Group from $19.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, August 15th. Jefferies Financial Group lowered their price objective on Gambling.com Group from $18.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, August 15th. Wall Street Zen downgraded Gambling.com Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. Finally, Stifel Nicolaus decreased their target price on Gambling.com Group from $18.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, August 15th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $16.00.

Gambling.com Group Trading Up 3.0%

Shares of NASDAQ GAMB opened at $8.55 on Friday. The business’s 50 day moving average is $10.91 and its two-hundred day moving average is $12.32. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.59 and a quick ratio of 1.06. Gambling.com Group Limited has a 1-year low of $8.27 and a 1-year high of $17.14. The stock has a market capitalization of $305.32 million, a P/E ratio of 21.38 and a beta of 0.91.

Gambling.com Group (NASDAQ:GAMB) last issued its quarterly earnings data on Thursday, August 14th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.25. Gambling.com Group had a return on equity of 38.04% and a net margin of 9.66%.The company had revenue of $39.59 million for the quarter, compared to analysts’ expectations of $38.93 million. Gambling.com Group has set its FY 2025 guidance at EPS. As a group, research analysts expect that Gambling.com Group Limited will post 0.88 EPS 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.