Gambling.com Group Limited (NASDAQ:GAMB) Shares Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund increased its position in shares of Gambling.com Group Limited (NASDAQ:GAMB) by 138.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,497 shares of the company’s stock after purchasing an additional 6,093 shares during the quarter. New York State Common Retirement Fund’s holdings in Gambling.com Group were worth $148,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of GAMB. SG Americas Securities LLC acquired a new stake in Gambling.com Group during the 4th quarter valued at approximately $163,000. MetLife Investment Management LLC grew 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 acquiring an additional 6,519 shares during the period. Gagnon Securities LLC purchased a new position in Gambling.com Group during the fourth quarter valued at approximately $317,000. Barclays PLC boosted 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 buying an additional 18,656 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its stake in shares of Gambling.com Group by 2.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 49,799 shares of the company’s stock worth $701,000 after acquiring an additional 1,325 shares in the last quarter. Hedge funds and other institutional investors own 72.26% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GAMB. Jefferies Financial Group upped their target price on Gambling.com Group from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. BTIG Research boosted their price target on shares of Gambling.com Group from $13.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Craig Hallum lifted their target price on shares of Gambling.com Group from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Stifel Nicolaus raised their target price 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. Finally, Truist Financial reaffirmed a “buy” rating and issued a $16.00 price target (up from $13.00) on shares of Gambling.com Group in a research note on Friday, November 15th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Gambling.com Group has an average rating of “Buy” and a consensus target price of $17.22.

Gambling.com Group Price Performance

Shares of GAMB stock opened at $13.63 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market capitalization of $507.35 million, a PE ratio of 17.47 and a beta of 0.99. The firm’s 50-day moving average is $14.62 and its two-hundred day moving average is $12.36. Gambling.com Group Limited has a 12 month low of $7.51 and a 12 month high of $17.14.

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.