Los Angeles Capital Management LLC Invests $2.28 Million in Gambling.com Group Limited (NASDAQ:GAMB)

Los Angeles Capital Management LLC acquired a new stake in shares of Gambling.com Group Limited (NASDAQ:GAMB - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 161,931 shares of the company's stock, valued at approximately $2,280,000. Los Angeles Capital Management LLC owned approximately 0.44% of Gambling.com Group as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Global Retirement Partners LLC lifted its holdings in Gambling.com Group by 1,613.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,971 shares of the company's stock worth $28,000 after buying an additional 1,856 shares during the period. IFP Advisors Inc bought a new stake in Gambling.com Group during the fourth quarter valued at about $49,000. MetLife Investment Management LLC grew its stake in Gambling.com Group by 111.2% in the third quarter. MetLife Investment Management LLC now owns 12,384 shares of the company's stock valued at $124,000 after purchasing an additional 6,519 shares during the last quarter. New York State Common Retirement Fund raised its holdings in Gambling.com Group by 138.4% in the fourth quarter. New York State Common Retirement Fund now owns 10,497 shares of the company's stock worth $148,000 after purchasing an additional 6,093 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Gambling.com Group during the fourth quarter valued at about $163,000. 72.26% of the stock is currently owned by institutional investors.

Gambling.com Group Stock Performance

Shares of Gambling.com Group stock traded down $0.54 during trading on Monday, hitting $13.68. 394,439 shares of the company's stock were exchanged, compared to its average volume of 416,838. Gambling.com Group Limited has a 52-week low of $7.51 and a 52-week high of $17.14. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $509.21 million, a price-to-earnings ratio of 17.54 and a beta of 0.99. The business has a 50-day simple moving average of $14.67 and a 200-day simple moving average of $12.31.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on GAMB shares. Benchmark reaffirmed a "buy" rating and issued a $18.00 price objective on shares of Gambling.com Group in a research report on Thursday, February 20th. Truist Financial reaffirmed a "buy" rating and set a $16.00 price target (up from $13.00) on shares of Gambling.com Group in a research report on Friday, November 15th. Stifel Nicolaus raised their price objective on Gambling.com Group from $13.00 to $14.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Craig Hallum upped their target price on Gambling.com Group from $16.00 to $18.00 and gave the company a "buy" rating in a research report on Friday, December 13th. Finally, Jefferies Financial Group raised their price target on Gambling.com Group from $20.00 to $21.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Gambling.com Group has a consensus rating of "Buy" and a consensus 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.