Strs Ohio Invests $60,000 in Gambling.com Group Limited (NASDAQ:GAMB)

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

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. American International Group Inc. bought a new position in Gambling.com Group during the second quarter valued at approximately $32,000. First Manhattan Co. bought a new position in Gambling.com Group during the first quarter valued at approximately $39,000. JPMorgan Chase & Co. bought a new stake in shares of Gambling.com Group in the 2nd quarter valued at approximately $37,000. Yarra Square Partners LP lifted its stake in shares of Gambling.com Group by 30.4% in the 1st quarter. Yarra Square Partners LP now owns 107,860 shares of the company’s stock valued at $957,000 after purchasing an additional 25,127 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its stake in shares of Gambling.com Group by 19.9% in the 2nd quarter. Clearbridge Investments LLC now owns 218,544 shares of the company’s stock valued at $1,720,000 after purchasing an additional 36,297 shares during the last quarter. 9.94% of the stock is owned by institutional investors.

Gambling.com Group Stock Down 0.2 %

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

Gambling.com Group (NASDAQ:GAMB – Get Rating) last posted its quarterly earnings data on Thursday, November 17th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.11. The firm had revenue of $19.65 million during the quarter, compared to analysts’ expectations 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 expect that Gambling.com Group Limited will post 0.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on GAMB. Truist Financial raised their price objective on Gambling.com Group from $10.50 to $12.00 and gave the company a “buy” rating in a research note on Tuesday, October 25th. Stifel Nicolaus raised their price objective on Gambling.com Group from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, November 18th.

About Gambling.com Group

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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.