Gambling.com Group Limited (NASDAQ:GAMB) Shares Purchased by Barclays PLC

Barclays PLC lifted its stake in shares of Gambling.com Group Limited (NASDAQ:GAMB) by 94.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 38,494 shares of the company’s stock after purchasing an additional 18,656 shares during the quarter. Barclays PLC’s holdings in Gambling.com Group were worth $385,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GAMB. Dimensional Fund Advisors LP raised its stake in shares of Gambling.com Group by 13.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 398,016 shares of the company’s stock valued at $3,272,000 after acquiring an additional 47,843 shares during the period. Yarra Square Partners LP grew its stake in shares of Gambling.com Group by 27.2% during the second quarter. Yarra Square Partners LP now owns 312,981 shares of the company’s stock worth $2,573,000 after purchasing an additional 67,000 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Gambling.com Group by 4.2% in the 2nd quarter. Renaissance Technologies LLC now owns 298,800 shares of the company’s stock valued at $2,456,000 after acquiring an additional 12,000 shares during the last quarter. State Street Corp lifted its position in shares of Gambling.com Group by 4.2% during the 3rd quarter. State Street Corp now owns 194,120 shares of the company’s stock worth $1,945,000 after buying an additional 7,806 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Gambling.com Group by 5.3% in the second quarter. Bank of New York Mellon Corp now owns 41,714 shares of the company’s stock valued at $343,000 after acquiring an additional 2,090 shares during the last quarter. Institutional investors and hedge funds own 72.26% of the company’s stock.

Gambling.com Group Trading Down 2.3 %

Shares of NASDAQ GAMB opened at $14.33 on Friday. 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 12 month low of $7.51 and a 12 month high of $16.09. The company has a market cap of $533.41 million, a price-to-earnings ratio of 18.37 and a beta of 1.02. The business has a fifty day simple moving average of $12.73 and a 200-day simple moving average of $10.55.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Jefferies Financial Group upped their price target on Gambling.com Group from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Macquarie upped their target price 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. Stifel Nicolaus boosted their price target on Gambling.com Group from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Truist Financial reiterated a “buy” rating and set a $16.00 price objective (up from $13.00) on shares of Gambling.com Group in a research note on Friday, November 15th. Finally, BTIG Research raised their target price on Gambling.com Group from $13.00 to $19.00 and gave the company a “buy” rating in a report on Friday, December 13th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Gambling.com Group presently has a consensus rating of “Buy” and an average target price of $16.57.

Gambling.com Group Company 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.