Acadian Asset Management LLC Decreases Holdings in Gambling.com Group Limited $GAMB

Acadian Asset Management LLC lessened its holdings in Gambling.com Group Limited (NASDAQ:GAMB) by 16.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 331,536 shares of the company’s stock after selling 63,305 shares during the quarter. Acadian Asset Management LLC owned 0.95% of Gambling.com Group worth $3,936,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA purchased a new position in shares of Gambling.com Group in the first quarter worth $554,000. Wakefield Asset Management LLLP increased 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 during the period. Bastion Asset Management Inc. bought a new position in shares of Gambling.com Group during the first quarter valued at about $833,000. J. Safra Sarasin Holding AG boosted its holdings in shares of Gambling.com Group by 7.5% during the first quarter. J. Safra Sarasin Holding AG now owns 36,900 shares of the company’s stock worth $466,000 after purchasing an additional 2,590 shares during the period. Finally, Deutsche Bank AG raised its position in Gambling.com Group by 2,516.7% during the 1st quarter. Deutsche Bank AG now owns 14,444 shares of the company’s stock valued at $182,000 after purchasing an additional 13,892 shares during the last quarter. 72.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on GAMB shares. Stifel Nicolaus cut their target price on shares of Gambling.com Group from $18.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, August 15th. Zacks Research cut Gambling.com Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. Wall Street Zen lowered Gambling.com Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. BTIG Research lowered their target price on 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, Weiss Ratings downgraded Gambling.com Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Saturday, October 25th. Seven analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $15.75.

Gambling.com Group Price Performance

GAMB stock opened at $5.25 on Friday. Gambling.com Group Limited has a 1 year low of $4.81 and a 1 year high of $17.14. The firm has a 50-day moving average of $7.69 and a 200 day moving average of $10.05. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.59 and a quick ratio of 0.59. The company has a market cap of $187.48 million, a P/E ratio of 13.13 and a beta of 0.85.

Gambling.com Group (NASDAQ:GAMB) last posted its quarterly earnings data on Thursday, November 13th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.07. Gambling.com Group had a return on equity of 38.04% and a net margin of 9.66%.The business had revenue of $38.98 million during the quarter, compared to the consensus estimate of $41.06 million. Gambling.com Group has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Gambling.com Group Limited will post 0.88 EPS for the current year.

About Gambling.com Group

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.