Gambling.com Group Limited (NASDAQ:GAMB) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. decreased its position in shares of Gambling.com Group Limited (NASDAQ:GAMB) by 8.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,278 shares of the company’s stock after selling 3,615 shares during the period. Charles Schwab Investment Management Inc. owned 0.11% of Gambling.com Group worth $404,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GAMB. Gabelli Funds LLC increased its holdings in shares of Gambling.com Group by 4.2% in the 2nd quarter. Gabelli Funds LLC now owns 32,000 shares of the company’s stock valued at $263,000 after acquiring an additional 1,300 shares during the period. Bank of New York Mellon Corp increased its stake 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 purchasing an additional 2,090 shares during the period. American Century Companies Inc. raised 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 buying an additional 4,276 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Gambling.com Group by 29.8% during the second quarter. Rhumbline Advisers now owns 21,950 shares of the company’s stock worth $180,000 after buying an additional 5,043 shares during the period. Finally, Quarry LP grew its holdings in shares of Gambling.com Group by 1,997.6% during the second quarter. Quarry LP now owns 12,019 shares of the company’s stock worth $99,000 after buying an additional 11,446 shares during the last quarter. Hedge funds and other institutional investors own 72.26% of the company’s stock.

Gambling.com Group Stock Up 2.1 %

Shares of NASDAQ GAMB opened at $14.93 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. The firm has a 50-day moving average price of $11.74 and a 200 day moving average price of $10.05. Gambling.com Group Limited has a 52 week low of $7.51 and a 52 week high of $16.09. The stock has a market capitalization of $555.74 million, a price-to-earnings ratio of 19.14 and a beta of 1.02.

Analyst Ratings Changes

A number of research firms have weighed in on GAMB. Macquarie increased their price objective 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. Truist Financial reiterated a “buy” rating and issued a $16.00 price objective (up from $13.00) on shares of Gambling.com Group in a research report on Friday, November 15th. Craig Hallum upped their price objective on shares of Gambling.com Group from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. BTIG Research lifted their target price on shares of Gambling.com Group from $13.00 to $19.00 and gave the company a “buy” rating in a report on Friday, December 13th. Finally, Jefferies Financial Group increased their price target on shares of Gambling.com Group from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Gambling.com Group currently has an average rating of “Buy” and a consensus target price of $16.57.

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.