Wakefield Asset Management LLLP Purchases New Holdings in Gambling.com Group Limited (NASDAQ:GAMB)

Wakefield Asset Management LLLP purchased a new stake in Gambling.com Group Limited (NASDAQ:GAMB) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 70,054 shares of the company’s stock, valued at approximately $986,000. Wakefield Asset Management LLLP owned approximately 0.19% of Gambling.com Group as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Global Retirement Partners LLC raised its position in Gambling.com Group by 1,613.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,971 shares of the company’s stock worth $28,000 after purchasing an additional 1,856 shares in the last quarter. IFP Advisors Inc bought a new stake in shares of Gambling.com Group in the 4th quarter valued at approximately $49,000. MetLife Investment Management LLC raised its holdings in shares of Gambling.com Group by 111.2% in the 3rd quarter. MetLife Investment Management LLC now owns 12,384 shares of the company’s stock worth $124,000 after buying an additional 6,519 shares in the last quarter. New York State Common Retirement Fund raised its holdings in shares of Gambling.com Group by 138.4% in the 4th quarter. New York State Common Retirement Fund now owns 10,497 shares of the company’s stock worth $148,000 after buying an additional 6,093 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Gambling.com Group during the 4th quarter worth approximately $163,000. Institutional investors own 72.26% of the company’s stock.

Gambling.com Group Trading Down 1.2 %

GAMB opened at $14.20 on Friday. Gambling.com Group Limited has a fifty-two week low of $7.51 and a fifty-two week 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. 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 50 day simple moving average of $14.68 and a 200 day simple moving average of $12.22.

Analysts Set New Price Targets

A number of analysts have weighed in on GAMB shares. Stifel Nicolaus upped their price target on Gambling.com Group from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Macquarie upped their target price on shares of Gambling.com Group from $14.00 to $16.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. BTIG Research lifted their price target on shares of Gambling.com Group from $13.00 to $19.00 and gave the company a “buy” rating in a report on Friday, December 13th. Jefferies Financial Group boosted their price target on shares of Gambling.com Group from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Finally, Truist Financial reaffirmed a “buy” rating and set a $16.00 price objective (up previously from $13.00) on shares of Gambling.com Group in a report on Friday, November 15th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price 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.