Gambling.com Group Limited (NASDAQ:GAMB) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its holdings in Gambling.com Group Limited (NASDAQ:GAMB) by 5.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 41,714 shares of the company’s stock after purchasing an additional 2,090 shares during the quarter. Bank of New York Mellon Corp’s holdings in Gambling.com Group were worth $343,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Capstone Investment Advisors LLC acquired a new position in Gambling.com Group during the fourth quarter worth about $292,000. Clearbridge Investments LLC lifted its holdings in Gambling.com Group by 10.4% in the 1st quarter. Clearbridge Investments LLC now owns 972,250 shares of the company’s stock valued at $8,877,000 after acquiring an additional 91,799 shares during the last quarter. Finally, Wedge Capital Management L L P NC grew its stake in shares of Gambling.com Group by 197.7% in the 2nd quarter. Wedge Capital Management L L P NC now owns 202,727 shares of the company’s stock worth $1,666,000 after purchasing an additional 134,620 shares during the last quarter. 72.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

GAMB has been the subject of several recent research reports. Truist Financial reissued a “buy” rating and set a $13.00 target price (up from $12.00) on shares of Gambling.com Group in a research note on Friday, August 16th. Craig Hallum raised their target price on Gambling.com Group from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Four analysts have rated the stock with a buy rating, According to MarketBeat, Gambling.com Group presently has an average rating of “Buy” and a consensus price target of $13.25.

Gambling.com Group Stock Up 0.9 %

Shares of Gambling.com Group stock opened at $10.12 on Thursday. The firm has a market cap of $376.70 million, a price-to-earnings ratio of 20.65 and a beta of 0.86. The stock has a 50-day simple moving average of $9.72 and a 200-day simple moving average of $8.92. Gambling.com Group Limited has a 52-week low of $7.51 and a 52-week high of $14.43. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.99 and a quick ratio of 0.99.

Gambling.com Group (NASDAQ:GAMB) last posted its earnings results on Thursday, August 15th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.07. Gambling.com Group had a net margin of 22.13% and a return on equity of 22.98%. The firm had revenue of $30.54 million during the quarter, compared to analysts’ expectations of $27.11 million. On average, equities research analysts expect that Gambling.com Group Limited will post 0.79 earnings per share for the current fiscal 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.