Strs Ohio Acquires Shares of 7,900 Gambling.com Group Limited (NASDAQ:GAMB)

Strs Ohio acquired a new stake in Gambling.com Group Limited (NASDAQ:GAMB – Get Rating) in the third quarter, Holdings Channel reports. The fund acquired 7,900 shares of the company’s stock, valued at approximately $60,000.

A number of other hedge funds have also recently added to or reduced their stakes in GAMB. Clearbridge Investments LLC grew its stake in Gambling.com Group by 30.1% in the first quarter. Clearbridge Investments LLC now owns 182,247 shares of the company’s stock valued at $1,617,000 after acquiring an additional 42,195 shares during the period. First Manhattan Co. acquired a new stake in Gambling.com Group in the first quarter valued at approximately $39,000. Yarra Square Partners LP grew its stake in Gambling.com Group by 30.4% in the first quarter. Yarra Square Partners LP now owns 107,860 shares of the company’s stock valued at $957,000 after acquiring an additional 25,127 shares during the period. JPMorgan Chase & Co. acquired a new stake in Gambling.com Group in the second quarter valued at approximately $37,000. Finally, Prescott Group Capital Management L.L.C. bought a new position in shares of Gambling.com Group in the second quarter valued at approximately $1,132,000. Institutional investors and hedge funds own 9.94% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Stifel Nicolaus raised their target price on Gambling.com Group from $11.00 to $12.00 and gave the company a “buy” rating in a report on Friday, November 18th. Truist Financial raised their target price on Gambling.com Group from $10.50 to $12.00 and gave the company a “buy” rating in a report on Tuesday, October 25th.

Gambling.com Group Stock Performance

Shares of Gambling.com Group stock opened at $9.25 on Monday. The business’s fifty day simple moving average is $9.27 and its 200 day simple moving average is $8.34. The firm has a market capitalization of $312.71 million, a P/E ratio of 46.25 and a beta of 1.68. Gambling.com Group Limited has a 12 month low of $6.62 and a 12 month high of $12.96. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.02.

Gambling.com Group (NASDAQ:GAMB – Get Rating) last issued its quarterly earnings results on Thursday, November 17th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.11. The business had revenue of $19.65 million for the quarter, compared to analyst estimates of $17.32 million. Gambling.com Group had a return on equity of 17.56% and a net margin of 11.72%. As a group, analysts anticipate that Gambling.com Group Limited will post 0.25 EPS for the current year.

Gambling.com Group Company Profile

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Gambling.com Group Limited operates as a performance marketing company for the online gambling industry worldwide. The company provides digital marketing services for the iGaming and sports betting. It publishes various branded websites, including Gambling.com and Bookies.com. Gambling.com Group Limited was incorporated in 2006 and is based in St.