IFP Advisors Inc Invests $49,000 in Gambling.com Group Limited (NASDAQ:GAMB)

IFP Advisors Inc purchased a new position in shares of Gambling.com Group Limited (NASDAQ:GAMB) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,501 shares of the company’s stock, valued at approximately $49,000.

Several other institutional investors have also modified their holdings of the company. State Street Corp grew its position in shares of Gambling.com Group by 4.2% during the third quarter. State Street Corp now owns 194,120 shares of the company’s stock worth $1,945,000 after acquiring an additional 7,806 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in Gambling.com Group by 2.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 49,799 shares of the company’s stock worth $701,000 after purchasing an additional 1,325 shares during the period. Barclays PLC lifted its holdings 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. Gagnon Securities LLC acquired a new stake in Gambling.com Group in the fourth quarter worth about $317,000. Finally, MetLife Investment Management LLC lifted its holdings in Gambling.com Group by 111.2% in the third quarter. MetLife Investment Management LLC now owns 12,384 shares of the company’s stock worth $124,000 after purchasing an additional 6,519 shares during the period. Institutional investors own 72.26% of the company’s stock.

Gambling.com Group Price Performance

Shares of NASDAQ GAMB opened at $12.89 on Friday. Gambling.com Group Limited has a twelve month low of $7.51 and a twelve month high of $17.14. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $479.80 million, a price-to-earnings ratio of 16.53 and a beta of 0.99. The firm has a 50-day moving average of $14.59 and a two-hundred day moving average of $12.36.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Macquarie upped 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. BTIG Research upped their price objective 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. Cantor Fitzgerald assumed coverage on shares of Gambling.com Group in a report on Wednesday. They issued an “overweight” rating and a $20.00 price objective for the company. 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 report on Friday, December 13th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $16.00 price objective (up previously from $13.00) on shares of Gambling.com Group in a report on Friday, November 15th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $17.22.

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.