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

Los Angeles Capital Management LLC purchased a new stake in Gambling.com Group Limited (NASDAQ:GAMB) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 161,931 shares of the company’s stock, valued at approximately $2,280,000. Los Angeles Capital Management LLC owned about 0.44% of Gambling.com Group as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Gagnon Securities LLC purchased a new position in shares of Gambling.com Group during the fourth quarter valued at about $317,000. Barclays PLC grew its holdings in 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 buying an additional 18,656 shares in the last quarter. SG Americas Securities LLC bought a new stake in Gambling.com Group in the 4th quarter worth approximately $163,000. State Street Corp raised 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 worth $1,945,000 after acquiring an additional 7,806 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its position in shares of Gambling.com Group by 111.2% during the 3rd quarter. MetLife Investment Management LLC now owns 12,384 shares of the company’s stock valued at $124,000 after acquiring an additional 6,519 shares during the last quarter. Hedge funds and other institutional investors own 72.26% of the company’s stock.

Gambling.com Group Stock Performance

Gambling.com Group stock opened at $14.20 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $528.57 million, a P/E ratio of 18.21 and a beta of 0.99. Gambling.com Group Limited has a 1-year low of $7.51 and a 1-year high of $17.14. The company’s 50-day moving average is $14.68 and its 200 day moving average is $12.22.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. BTIG Research boosted their price target on shares of Gambling.com Group from $13.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. 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 report on Wednesday, January 15th. Benchmark restated a “buy” rating and set a $18.00 target price on shares of Gambling.com Group in a research report on Thursday, February 20th. Craig Hallum lifted their price target on Gambling.com Group from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Finally, Macquarie upped their price objective on Gambling.com Group from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Eight investment 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 target price of $16.88.

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.