Clearbridge Investments LLC Cuts Stock Holdings in Gambling.com Group Limited (NASDAQ:GAMB)

Clearbridge Investments LLC reduced its stake in Gambling.com Group Limited (NASDAQ:GAMB) by 1.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,013,247 shares of the company’s stock after selling 10,558 shares during the quarter. Clearbridge Investments LLC’s holdings in Gambling.com Group were worth $14,267,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of GAMB. Exchange Traded Concepts LLC grew its stake in shares of Gambling.com Group by 2.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 49,799 shares of the company’s stock worth $701,000 after acquiring an additional 1,325 shares in the last quarter. Global Retirement Partners LLC grew its position in Gambling.com Group by 1,613.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,971 shares of the company’s stock worth $28,000 after purchasing an additional 1,856 shares in the last quarter. LPL Financial LLC increased its stake in Gambling.com Group by 8.7% in the 4th quarter. LPL Financial LLC now owns 28,549 shares of the company’s stock valued at $402,000 after buying an additional 2,275 shares during the last quarter. IFP Advisors Inc purchased a new stake in Gambling.com Group in the 4th quarter valued at about $49,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Gambling.com Group by 12.1% during the 4th quarter. Bank of New York Mellon Corp now owns 34,540 shares of the company’s stock worth $486,000 after buying an additional 3,729 shares in the last quarter. 72.26% of the stock is currently owned by institutional investors.

Gambling.com Group Stock Performance

Gambling.com Group stock opened at $12.96 on Thursday. The stock’s 50 day moving average is $14.08 and its 200 day moving average is $12.72. The company has a market capitalization of $450.53 million, a P/E ratio of 16.62 and a beta of 0.99. Gambling.com Group Limited has a twelve month low of $7.52 and a twelve month high of $17.14. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.20.

Gambling.com Group (NASDAQ:GAMB) last posted its quarterly earnings results on Thursday, March 20th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.10. Gambling.com Group had a return on equity of 25.06% and a net margin of 23.40%. The firm had revenue of $35.30 million during the quarter, compared to analysts’ expectations of $35.20 million. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, equities research analysts predict that Gambling.com Group Limited will post 0.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Benchmark reaffirmed a “buy” rating and issued a $18.00 target price on shares of Gambling.com Group in a report on Thursday, February 20th. Cantor Fitzgerald began coverage on Gambling.com Group in a research note on Wednesday, March 5th. They issued an “overweight” rating and a $20.00 price objective for the company. Macquarie lifted their target price on Gambling.com Group from $18.00 to $19.00 and gave the stock an “outperform” rating in a research note on Friday, March 21st. Jefferies Financial Group boosted their price target on shares of Gambling.com Group from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Finally, Craig Hallum raised their price objective on shares of Gambling.com Group from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $17.56.

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.