Gambling.com Group Limited (NASDAQ:GAMB) is Stanley Laman Group Ltd.’s 2nd Largest Position

Stanley Laman Group Ltd. lessened its position in shares of Gambling.com Group Limited (NASDAQ:GAMB) by 22.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,044,673 shares of the company’s stock after selling 300,000 shares during the quarter. Gambling.com Group comprises approximately 2.1% of Stanley Laman Group Ltd.’s holdings, making the stock its 2nd largest position. Stanley Laman Group Ltd.’s holdings in Gambling.com Group were worth $14,709,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in GAMB. MetLife Investment Management LLC lifted its stake in shares of Gambling.com Group by 111.2% during the third quarter. MetLife Investment Management LLC now owns 12,384 shares of the company’s stock worth $124,000 after purchasing an additional 6,519 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Gambling.com Group during the fourth quarter worth about $163,000. Gagnon Securities LLC acquired a new position in shares of Gambling.com Group during the fourth quarter worth about $317,000. Barclays PLC lifted its stake in shares of Gambling.com Group by 94.0% during the third quarter. Barclays PLC now owns 38,494 shares of the company’s stock worth $385,000 after purchasing an additional 18,656 shares in the last quarter. Finally, Exchange Traded Concepts LLC lifted its stake in shares of Gambling.com Group by 2.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 49,799 shares of the company’s stock worth $701,000 after purchasing an additional 1,325 shares in the last quarter. Hedge funds and other institutional investors own 72.26% of the company’s stock.

Analyst Upgrades and Downgrades

GAMB has been the topic of a number of recent research reports. 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. Truist Financial reiterated a “buy” rating and issued a $16.00 price target (up previously from $13.00) on shares of Gambling.com Group in a research note on Friday, November 15th. Jefferies Financial Group boosted their price target on Gambling.com Group from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. BTIG Research boosted their price target on Gambling.com Group from $13.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Finally, Benchmark boosted their price target on Gambling.com Group from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $16.88.

Gambling.com Group Trading Up 1.5 %

Shares of NASDAQ GAMB opened at $16.10 on Thursday. The stock’s 50 day moving average price is $14.44 and its two-hundred day moving average price is $11.76. Gambling.com Group Limited has a 52-week low of $7.51 and a 52-week high of $16.78. The stock has a market capitalization of $599.24 million, a P/E ratio of 20.64 and a beta of 0.99. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.20.

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.