Wakefield Asset Management LLLP Purchases New Stake in Gambling.com Group Limited (NASDAQ:GAMB)

Wakefield Asset Management LLLP acquired a new stake in Gambling.com Group Limited (NASDAQ:GAMB - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 70,054 shares of the company's stock, valued at approximately $986,000. Wakefield Asset Management LLLP owned approximately 0.19% of Gambling.com Group as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in GAMB. Global Retirement Partners LLC boosted its holdings in shares of Gambling.com Group by 1,613.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,971 shares of the company's stock valued at $28,000 after buying an additional 1,856 shares during the period. IFP Advisors Inc acquired a new position in Gambling.com Group in the 4th quarter worth $49,000. MetLife Investment Management LLC raised its stake in shares of Gambling.com Group by 111.2% in the 3rd 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 period. New York State Common Retirement Fund lifted its holdings in shares of 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 valued at $148,000 after purchasing an additional 6,093 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Gambling.com Group during the fourth quarter worth about $163,000. Institutional investors and hedge funds own 72.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Craig Hallum upped their price target 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. Truist Financial reissued 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 company a "buy" rating in a report on Friday, November 15th. Benchmark reiterated a "buy" rating and set a $18.00 target price on shares of Gambling.com Group in a report on Thursday, February 20th. Finally, Macquarie raised their price target on Gambling.com Group from $14.00 to $16.00 and gave the company an "outperform" rating in a research note on Monday, November 18th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $16.88.

Gambling.com Group Stock Performance

NASDAQ GAMB traded down $0.41 on Tuesday, reaching $13.27. The stock had a trading volume of 348,105 shares, compared to its average volume of 414,872. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market cap of $494.10 million, a P/E ratio of 16.99 and a beta of 0.99. The firm has a fifty day moving average of $14.66 and a two-hundred day moving average of $12.33. Gambling.com Group Limited has a 1-year low of $7.51 and a 1-year high of $17.14.

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.