Gambling.com Group Limited (NASDAQ:GAMB) Shares Sold by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. cut its position in shares of Gambling.com Group Limited (NASDAQ:GAMB) by 22.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,044,673 shares of the company’s stock after selling 300,000 shares during the quarter. Gambling.com Group accounts for 2.1% of Stanley Laman Group Ltd.’s investment portfolio, making the stock its 2nd biggest holding. Stanley Laman Group Ltd. owned approximately 2.81% of Gambling.com Group worth $14,709,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GAMB. MetLife Investment Management LLC raised its holdings in Gambling.com Group by 111.2% during 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 during the last quarter. SG Americas Securities LLC acquired a new position in Gambling.com Group during the fourth quarter worth $163,000. Gagnon Securities LLC acquired a new position in Gambling.com Group during the fourth quarter worth $317,000. Barclays PLC raised its holdings in Gambling.com Group by 94.0% during the third quarter. Barclays PLC now owns 38,494 shares of the company’s stock worth $385,000 after purchasing an additional 18,656 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in Gambling.com Group by 2.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 49,799 shares of the company’s stock worth $701,000 after purchasing an additional 1,325 shares during the last quarter. 72.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on GAMB. 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 research report on Wednesday, January 15th. Stifel Nicolaus raised their price target 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. BTIG Research raised their price target on Gambling.com Group from $13.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Benchmark raised 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 Tuesday. Finally, Macquarie raised their price target on Gambling.com Group from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $16.88.

Gambling.com Group Price Performance

Shares of NASDAQ:GAMB opened at $16.10 on Thursday. The company has a market cap of $599.24 million, a P/E ratio of 20.64 and a beta of 0.99. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.20. Gambling.com Group Limited has a 52 week low of $7.51 and a 52 week high of $16.78. The business has a fifty day simple moving average of $14.44 and a 200-day simple moving average of $11.76.

About Gambling.com Group

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.