Dynamic Technology Lab Private Ltd Buys Shares of 43,067 Gambling.com Group Limited $GAMB

Dynamic Technology Lab Private Ltd bought a new position in Gambling.com Group Limited (NASDAQ:GAMB) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 43,067 shares of the company’s stock, valued at approximately $512,000. Dynamic Technology Lab Private Ltd owned 0.12% of Gambling.com Group as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in GAMB. Driehaus Capital Management LLC increased its position in shares of Gambling.com Group by 47.4% in the 1st quarter. Driehaus Capital Management LLC now owns 750,454 shares of the company’s stock valued at $9,471,000 after buying an additional 241,386 shares in the last quarter. Cubist Systematic Strategies LLC increased its holdings in shares of Gambling.com Group by 185.5% in the first quarter. Cubist Systematic Strategies LLC now owns 193,686 shares of the company’s stock worth $2,444,000 after acquiring an additional 125,834 shares in the last quarter. Trexquant Investment LP bought a new position in shares of Gambling.com Group during the 1st quarter valued at about $1,249,000. Diversified Investment Strategies LLC lifted its holdings in shares of Gambling.com Group by 52.8% during the 2nd quarter. Diversified Investment Strategies LLC now owns 275,000 shares of the company’s stock valued at $3,270,000 after purchasing an additional 95,000 shares in the last quarter. Finally, Acadian Asset Management LLC grew its position in shares of Gambling.com Group by 26.1% in the 1st quarter. Acadian Asset Management LLC now owns 394,841 shares of the company’s stock valued at $4,974,000 after purchasing an additional 81,836 shares during the period. Institutional investors and hedge funds own 72.26% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Jefferies Financial Group dropped their target price on shares of Gambling.com Group from $13.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, November 14th. BTIG Research restated a “neutral” rating on shares of Gambling.com Group in a report on Friday, November 14th. Truist Financial cut their price objective on shares of Gambling.com Group from $9.00 to $7.00 and set a “hold” rating on the stock in a research report on Friday, November 14th. Wall Street Zen lowered shares of Gambling.com Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 16th. Finally, Zacks Research cut Gambling.com Group from a “strong-buy” rating to a “hold” rating in a report on Monday, September 1st. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.00.

Gambling.com Group Price Performance

Shares of NASDAQ GAMB opened at $4.97 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.46 and a quick ratio of 0.46. The business has a 50-day moving average of $7.30 and a 200-day moving average of $9.66. The stock has a market capitalization of $177.48 million, a price-to-earnings ratio of 99.42 and a beta of 0.85. Gambling.com Group Limited has a fifty-two week low of $4.60 and a fifty-two week high of $17.14.

Gambling.com Group (NASDAQ:GAMB) last released its earnings results on Thursday, November 13th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.07. Gambling.com Group had a return on equity of 37.78% and a net margin of 1.23%.The business had revenue of $38.98 million for the quarter, compared to analyst estimates of $41.06 million. Gambling.com Group has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Gambling.com Group Limited will post 0.88 earnings per share for the current fiscal 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.