Gambling.com Group Limited (NASDAQ:GAMB) Shares Acquired by State Street Corp

State Street Corp boosted its position in Gambling.com Group Limited (NASDAQ:GAMB) by 4.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 194,120 shares of the company’s stock after purchasing an additional 7,806 shares during the quarter. State Street Corp owned about 0.52% of Gambling.com Group worth $1,945,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GAMB. 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 in the last quarter. Hsbc Holdings PLC acquired a new stake in Gambling.com Group during the second quarter worth approximately $115,000. MetLife Investment Management LLC grew its stake in Gambling.com Group by 111.2% in 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 period. American Century Companies Inc. raised its holdings in Gambling.com Group by 38.0% in the 2nd quarter. American Century Companies Inc. now owns 15,523 shares of the company’s stock valued at $128,000 after acquiring an additional 4,276 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Gambling.com Group by 29.8% during the 2nd quarter. Rhumbline Advisers now owns 21,950 shares of the company’s stock worth $180,000 after purchasing an additional 5,043 shares during the period. 72.26% of the stock is currently owned by hedge funds and other institutional investors.

Gambling.com Group Trading Down 1.3 %

Shares of GAMB stock opened at $14.08 on Thursday. 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 fifty-two week low of $7.51 and a fifty-two week high of $16.09. The firm’s 50 day moving average price is $12.45 and its two-hundred day moving average price is $10.45. The stock has a market cap of $524.10 million, a price-to-earnings ratio of 18.05 and a beta of 1.02.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Craig Hallum lifted their price objective 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. Truist Financial restated a “buy” rating and issued a $16.00 price target (up previously from $13.00) on shares of Gambling.com Group in a report on Friday, November 15th. Macquarie increased their price objective on shares of Gambling.com Group from $14.00 to $16.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Stifel Nicolaus boosted their target price on shares of Gambling.com Group from $13.00 to $14.00 and gave the company a “buy” rating in a report on Friday, November 15th. 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 research note on Friday, December 13th. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, Gambling.com Group currently has an average rating of “Buy” and an average price target 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.