Gagnon Securities LLC Buys New Shares in Gambling.com Group Limited (NASDAQ:GAMB)

Gagnon Securities LLC acquired a new position in Gambling.com Group Limited (NASDAQ:GAMB - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 22,508 shares of the company's stock, valued at approximately $317,000. Gagnon Securities LLC owned approximately 0.06% of Gambling.com Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in the business. Hsbc Holdings PLC bought a new stake in Gambling.com Group during the 2nd quarter worth about $115,000. MetLife Investment Management LLC grew 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 valued at $124,000 after purchasing an additional 6,519 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Gambling.com Group by 38.0% in 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 in the last quarter. SG Americas Securities LLC bought a new position in Gambling.com Group in the 4th quarter worth approximately $163,000. Finally, Barclays PLC lifted its holdings in Gambling.com Group by 94.0% during the 3rd quarter. Barclays PLC now owns 38,494 shares of the company's stock worth $385,000 after buying an additional 18,656 shares in the last quarter. Institutional investors own 72.26% of the company's stock.

Gambling.com Group Stock Up 8.3 %

NASDAQ GAMB traded up $1.20 during trading hours on Wednesday, reaching $15.73. 757,928 shares of the company's stock were exchanged, compared to its average volume of 299,218. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.03 and a current ratio of 1.03. Gambling.com Group Limited has a one year low of $7.51 and a one year high of $16.09. The company's 50-day moving average is $14.11 and its two-hundred day moving average is $11.49. The company has a market capitalization of $585.62 million, a price-to-earnings ratio of 20.18 and a beta of 0.99.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Craig Hallum lifted their price objective on Gambling.com Group from $16.00 to $18.00 and gave the stock a "buy" rating in a research report on Friday, December 13th. Macquarie raised their price objective on shares of Gambling.com Group from $14.00 to $16.00 and gave the company an "outperform" rating in a research note on Monday, November 18th. Benchmark initiated coverage on shares of Gambling.com Group in a research report on Wednesday, January 8th. They set a "buy" rating and a $16.00 target price for the company. BTIG Research raised their target price on Gambling.com Group from $13.00 to $19.00 and gave the stock a "buy" rating in a report on Friday, December 13th. Finally, 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 note on Friday, November 15th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $16.63.

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.