161,931 Shares in Gambling.com Group Limited (NASDAQ:GAMB) Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC acquired a new stake in shares of Gambling.com Group Limited (NASDAQ:GAMB) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 161,931 shares of the company’s stock, valued at approximately $2,280,000.

Other institutional investors also recently bought and sold shares of the company. MetLife Investment Management LLC increased its holdings in Gambling.com Group by 111.2% in the third quarter. MetLife Investment Management LLC now owns 12,384 shares of the company’s stock valued at $124,000 after buying an additional 6,519 shares in the last quarter. State Street Corp grew its holdings in Gambling.com Group by 4.2% in the third quarter. State Street Corp now owns 194,120 shares of the company’s stock valued at $1,945,000 after purchasing an additional 7,806 shares during the period. Barclays PLC increased its position in shares of Gambling.com Group by 94.0% in the third quarter. Barclays PLC now owns 38,494 shares of the company’s stock valued at $385,000 after buying an additional 18,656 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Gambling.com Group during the 4th quarter worth approximately $163,000. Finally, Exchange Traded Concepts LLC lifted its position 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 buying an additional 1,325 shares in the last quarter. 72.26% of the stock is currently owned by hedge funds and other institutional investors.

Gambling.com Group Stock Down 1.2 %

GAMB stock opened at $14.20 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average of $14.68 and a two-hundred day moving average of $12.22. Gambling.com Group Limited has a 12 month low of $7.51 and a 12 month high of $17.14. The company has a market cap of $528.57 million, a price-to-earnings ratio of 18.21 and a beta of 0.99.

Analyst Ratings Changes

Several brokerages recently commented on GAMB. Truist Financial reissued a “buy” rating and issued a $16.00 price target (up previously from $13.00) on shares of Gambling.com Group in a report on Friday, November 15th. Jefferies Financial Group boosted their target price on shares of Gambling.com Group from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Benchmark reaffirmed a “buy” rating and issued a $18.00 price target on shares of Gambling.com Group in a research note on Thursday, February 20th. Stifel Nicolaus boosted their price objective on Gambling.com Group from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, BTIG Research increased their target price on Gambling.com Group from $13.00 to $19.00 and gave the company a “buy” rating in a report on Friday, December 13th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Gambling.com Group has an average rating of “Buy” and a consensus price target of $16.88.

Gambling.com Group 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.