Stanley Laman Group Ltd. Sells 300,000 Shares of Gambling.com Group Limited (NASDAQ:GAMB)

Stanley Laman Group Ltd. lowered its holdings in shares of Gambling.com Group Limited (NASDAQ:GAMB - Free Report) by 22.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,044,673 shares of the company's stock after selling 300,000 shares during the period. Gambling.com Group comprises about 2.1% of Stanley Laman Group Ltd.'s portfolio, making the stock its 2nd biggest holding. Stanley Laman Group Ltd. owned about 2.81% of Gambling.com Group worth $14,709,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. MetLife Investment Management LLC grew its position in Gambling.com Group by 111.2% during the 3rd quarter. MetLife Investment Management LLC now owns 12,384 shares of the company's stock worth $124,000 after acquiring an additional 6,519 shares during the last quarter. SG Americas Securities LLC bought a new stake in Gambling.com Group during the 4th quarter worth $163,000. Gagnon Securities LLC bought a new stake in Gambling.com Group during the 4th quarter worth $317,000. Barclays PLC grew 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 valued at $385,000 after buying an additional 18,656 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its position in shares of Gambling.com Group by 2.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 49,799 shares of the company's stock valued at $701,000 after buying an additional 1,325 shares during the last quarter. Institutional investors and hedge funds own 72.26% of the company's stock.

Gambling.com Group Trading Up 1.9 %

Shares of NASDAQ:GAMB traded up $0.31 during midday trading on Friday, reaching $16.75. The company's stock had a trading volume of 550,503 shares, compared to its average volume of 349,117. The firm has a 50 day moving average price of $14.57 and a two-hundred day moving average price of $11.84. Gambling.com Group Limited has a fifty-two week low of $7.51 and a fifty-two 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 firm has a market capitalization of $623.44 million, a price-to-earnings ratio of 21.47 and a beta of 0.99.

Analyst Ratings Changes

A number of equities research analysts have commented on GAMB shares. Craig Hallum upped their price target 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. Macquarie upped their price target on Gambling.com Group from $14.00 to $16.00 and gave the company an "outperform" rating in a research report on Monday, November 18th. 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 report on Friday, November 15th. Jefferies Financial Group upped their price target on Gambling.com Group from $20.00 to $21.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. Finally, BTIG Research upped their price target on Gambling.com Group from $13.00 to $19.00 and gave the company a "buy" rating in a research report on Friday, December 13th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average 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.