Russell Investments Group Ltd. Boosts Holdings in Gambling.com Group Limited $GAMB

Russell Investments Group Ltd. increased its holdings in Gambling.com Group Limited (NASDAQ:GAMB) by 990.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,392 shares of the company’s stock after purchasing an additional 23,972 shares during the period. Russell Investments Group Ltd. owned 0.08% of Gambling.com Group worth $333,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of GAMB. Simplex Trading LLC raised its holdings 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 acquiring an additional 2,559 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Gambling.com Group by 47.9% during the 4th quarter. Wells Fargo & Company MN now owns 11,300 shares of the company’s stock worth $159,000 after acquiring an additional 3,660 shares in the last quarter. Summit Trail Advisors LLC purchased a new stake in shares of Gambling.com Group during the 1st quarter worth approximately $177,000. Deutsche Bank AG raised its holdings in shares of Gambling.com Group by 2,516.7% during the 1st quarter. Deutsche Bank AG now owns 14,444 shares of the company’s stock worth $182,000 after acquiring an additional 13,892 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Gambling.com Group during the 4th quarter worth approximately $197,000. 72.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GAMB has been the topic of several recent research reports. Jefferies Financial Group decreased their price objective 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. Truist Financial cut Gambling.com Group from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $17.00 to $11.00 in a report on Friday, August 15th. BTIG Research decreased their price objective on Gambling.com Group from $19.00 to $12.00 and set a “buy” rating on the stock in a report on Friday, August 15th. Stifel Nicolaus cut 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. Finally, Wall Street Zen lowered Gambling.com Group from a “buy” rating to a “hold” rating in a report on Saturday, August 16th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $16.00.

Gambling.com Group Stock Performance

NASDAQ:GAMB opened at $8.73 on Tuesday. The stock’s fifty day moving average is $10.54 and its 200 day moving average is $11.97. Gambling.com Group Limited has a fifty-two week low of $8.27 and a fifty-two week high of $17.14. The firm has a market capitalization of $311.75 million, a PE ratio of 21.83 and a beta of 0.89. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.59 and a current ratio of 0.59.

Gambling.com Group (NASDAQ:GAMB) last released its quarterly earnings results on Thursday, August 14th. The company reported $0.37 earnings per share for the quarter, beating 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 analyst estimates of $38.93 million. Gambling.com Group has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Gambling.com Group Limited will post 0.88 earnings per share for the current year.

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.