13,826 Shares in Gambling.com Group Limited (NASDAQ:GAMB) Bought by M&T Bank Corp

M&T Bank Corp purchased a new position in Gambling.com Group Limited (NASDAQ:GAMB) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,826 shares of the company’s stock, valued at approximately $195,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GAMB. Los Angeles Capital Management LLC purchased a new stake in Gambling.com Group in the fourth quarter worth $2,280,000. Wakefield Asset Management LLLP purchased a new stake in Gambling.com Group in the fourth quarter worth $986,000. Gagnon Securities LLC purchased a new stake in Gambling.com Group in the fourth quarter worth $317,000. Barclays PLC grew its stake in Gambling.com Group by 94.0% in 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 period. Finally, SG Americas Securities LLC purchased a new stake in Gambling.com Group in the fourth quarter worth $163,000. 72.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on GAMB shares. Cantor Fitzgerald began coverage on Gambling.com Group in a research note on Wednesday, March 5th. They issued an “overweight” rating and a $20.00 price target on the stock. Craig Hallum boosted their target price on Gambling.com Group from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Jefferies Financial Group boosted their target price on Gambling.com Group from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. BTIG Research boosted their target price on Gambling.com Group from $13.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Finally, Benchmark reissued a “buy” rating and issued a $18.00 target price on shares of Gambling.com Group in a report on Thursday, February 20th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $17.22.

Gambling.com Group Trading Up 5.3 %

Shares of NASDAQ:GAMB opened at $12.29 on Friday. The company has a market cap of $457.47 million, a P/E ratio of 15.76 and a beta of 0.99. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 1.03. Gambling.com Group Limited has a 1 year low of $7.51 and a 1 year high of $17.14. The stock’s fifty day moving average price is $14.33 and its 200-day moving average price is $12.46.

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.