SG Americas Securities LLC Takes $163,000 Position in Gambling.com Group Limited (NASDAQ:GAMB)

SG Americas Securities LLC acquired a new position in shares of Gambling.com Group Limited (NASDAQ:GAMB) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 11,569 shares of the company’s stock, valued at approximately $163,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GAMB. MetLife Investment Management LLC increased its position 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. Barclays PLC boosted its position in shares of Gambling.com Group by 94.0% in the 3rd 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, State Street Corp grew its stake in 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 buying an additional 7,806 shares during the last quarter. Hedge funds and other institutional investors own 72.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on GAMB shares. BTIG Research increased their price target on Gambling.com Group from $13.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Truist Financial reiterated a “buy” rating and issued a $16.00 target price (up from $13.00) on shares of Gambling.com Group in a research note on Friday, November 15th. Craig Hallum upped their price target on shares of Gambling.com Group from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Benchmark began coverage on shares of Gambling.com Group in a research note on Wednesday, January 8th. They set a “buy” rating and a $16.00 price objective for the company. Finally, Stifel Nicolaus boosted their price objective on shares of Gambling.com Group from $13.00 to $14.00 and gave the company a “buy” rating in a report on Friday, November 15th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, Gambling.com Group has an average rating of “Buy” and an average target price of $16.63.

Gambling.com Group Stock Up 1.2 %

NASDAQ:GAMB opened at $16.18 on Monday. The firm has a market capitalization of $602.22 million, a P/E ratio of 20.74 and a beta of 0.99. The company’s fifty day moving average price is $14.29 and its 200-day moving average price is $11.64. Gambling.com Group Limited has a 1-year low of $7.51 and a 1-year high of $16.78. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 1.03.

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.