Gagnon Securities LLC Acquires New Shares in Gambling.com Group Limited (NASDAQ:GAMB)

Gagnon Securities LLC acquired a new stake in shares of Gambling.com Group Limited (NASDAQ:GAMB) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 22,508 shares of the company’s stock, valued at approximately $317,000.

Several other hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in shares of Gambling.com Group by 13.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 398,016 shares of the company’s stock valued at $3,272,000 after acquiring an additional 47,843 shares in the last quarter. State Street Corp boosted its holdings in shares of Gambling.com Group by 4.2% during the 3rd quarter. State Street Corp now owns 194,120 shares of the company’s stock valued at $1,945,000 after acquiring an additional 7,806 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of Gambling.com Group by 2.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 49,799 shares of the company’s stock valued at $701,000 after acquiring an additional 1,325 shares in the last quarter. Barclays PLC boosted its holdings in shares of Gambling.com Group by 94.0% during the 3rd quarter. Barclays PLC now owns 38,494 shares of the company’s stock valued at $385,000 after acquiring an additional 18,656 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Gambling.com Group by 38.0% during the 2nd quarter. American Century Companies Inc. now owns 15,523 shares of the company’s stock valued at $128,000 after acquiring an additional 4,276 shares in the last quarter. Institutional investors and hedge funds own 72.26% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on GAMB shares. Jefferies Financial Group raised their target price on Gambling.com Group from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Stifel Nicolaus raised their target price on Gambling.com Group from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Benchmark started coverage on Gambling.com Group in a research report on Wednesday, January 8th. They set a “buy” rating and a $16.00 target price for the company. Truist Financial reaffirmed a “buy” rating and set a $16.00 target price (up from $13.00) on shares of Gambling.com Group in a research report on Friday, November 15th. Finally, Macquarie raised their target price on Gambling.com Group from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $16.63.

Gambling.com Group Price Performance

GAMB stock opened at $14.09 on Friday. The company has a market capitalization of $524.43 million, a P/E ratio of 18.06 and a beta of 1.00. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.03 and a current ratio of 1.03. Gambling.com Group Limited has a 52-week low of $7.51 and a 52-week high of $16.09. The business has a 50-day simple moving average of $14.06 and a two-hundred day simple moving average of $11.39.

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.