HighTower Advisors LLC Makes New Investment in Gambling.com Group Limited $GAMB

HighTower Advisors LLC acquired a new stake in shares of Gambling.com Group Limited (NASDAQ:GAMB) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 26,735 shares of the company’s stock, valued at approximately $337,000. HighTower Advisors LLC owned approximately 0.08% of Gambling.com Group at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Simplex Trading LLC lifted its position in shares of Gambling.com Group by 191.0% during the 1st quarter. Simplex Trading LLC now owns 3,899 shares of the company’s stock worth $49,000 after buying an additional 2,559 shares during the period. Wells Fargo & Company MN grew its position in Gambling.com Group by 47.9% in the fourth quarter. Wells Fargo & Company MN now owns 11,300 shares of the company’s stock valued at $159,000 after acquiring an additional 3,660 shares during the period. Summit Trail Advisors LLC acquired a new position in Gambling.com Group during the first quarter worth $177,000. Deutsche Bank AG lifted its holdings in shares of Gambling.com Group by 2,516.7% during 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 during the period. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Gambling.com Group during the fourth quarter valued at $197,000. 72.26% of the stock is currently owned by institutional investors.

Gambling.com Group Trading Up 1.7%

Shares of NASDAQ GAMB opened at $8.73 on Tuesday. Gambling.com Group Limited has a 1-year low of $8.27 and a 1-year high of $17.14. The company has a 50-day moving average of $10.54 and a two-hundred day moving average of $11.97. The company has a market cap of $311.75 million, a PE ratio of 21.83 and a beta of 0.89. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.57.

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

Analyst Upgrades and Downgrades

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

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.