Wedge Capital Management L L P NC Cuts Position in Gambling.com Group Limited (NASDAQ:GAMB)

Wedge Capital Management L L P NC trimmed its holdings in shares of Gambling.com Group Limited (NASDAQ:GAMB) by 1.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 160,103 shares of the company’s stock after selling 2,422 shares during the period. Wedge Capital Management L L P NC owned approximately 0.43% of Gambling.com Group worth $2,254,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in GAMB. Gabelli Funds LLC lifted its stake in shares of Gambling.com Group by 4.2% in the second quarter. Gabelli Funds LLC now owns 32,000 shares of the company’s stock worth $263,000 after buying an additional 1,300 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Gambling.com Group by 5.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 41,714 shares of the company’s stock worth $343,000 after acquiring an additional 2,090 shares during the last quarter. American Century Companies Inc. grew its holdings in Gambling.com Group by 38.0% during the second quarter. American Century Companies Inc. now owns 15,523 shares of the company’s stock valued at $128,000 after purchasing an additional 4,276 shares during the period. Rhumbline Advisers increased its holdings in Gambling.com Group by 29.8% in the 2nd quarter. Rhumbline Advisers now owns 21,950 shares of the company’s stock worth $180,000 after acquiring an additional 5,043 shares in the last quarter. Finally, MetLife Investment Management LLC increased its stake in shares of Gambling.com Group by 111.2% in 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. 72.26% of the stock is owned by institutional investors.

Gambling.com Group Price Performance

Shares of GAMB stock opened at $14.08 on Monday. The stock has a market capitalization of $524.06 million, a price-to-earnings ratio of 18.05 and a beta of 1.00. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.20. Gambling.com Group Limited has a twelve month low of $7.51 and a twelve month high of $16.09. The stock has a fifty day simple moving average of $13.57 and a two-hundred day simple moving average of $11.01.

Wall Street Analysts Forecast Growth

GAMB has been the topic of a number of recent analyst reports. Macquarie raised their price target on Gambling.com Group from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Monday, November 18th. 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 report on Friday, December 13th. Craig Hallum increased their price objective on shares of Gambling.com Group from $16.00 to $18.00 and gave the company a “buy” rating in a report on Friday, December 13th. Benchmark initiated coverage on shares of Gambling.com Group in a report on Wednesday, January 8th. They issued a “buy” rating and a $16.00 target price on the stock. Finally, Truist Financial reaffirmed a “buy” rating and set a $16.00 target price (up from $13.00) on shares of Gambling.com Group in a research note on Friday, November 15th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Gambling.com Group currently has an average rating of “Buy” and an average target price of $16.63.

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.