Gambling.com Group Limited (NASDAQ:GAMB) Shares Bought by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. grew its position in Gambling.com Group Limited (NASDAQ:GAMB) by 44.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 130,000 shares of the company’s stock after buying an additional 40,000 shares during the quarter. Tocqueville Asset Management L.P. owned 0.35% of Gambling.com Group worth $1,830,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Global Retirement Partners LLC boosted its holdings in Gambling.com Group by 1,613.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,971 shares of the company’s stock valued at $28,000 after acquiring an additional 1,856 shares during the period. IFP Advisors Inc purchased a new position in shares of Gambling.com Group in the fourth quarter valued at approximately $49,000. MetLife Investment Management LLC grew its holdings in shares of Gambling.com Group by 111.2% in the third quarter. MetLife Investment Management LLC now owns 12,384 shares of the company’s stock valued at $124,000 after purchasing an additional 6,519 shares in the last quarter. New York State Common Retirement Fund grew its holdings in shares of Gambling.com Group by 138.4% in the fourth quarter. New York State Common Retirement Fund now owns 10,497 shares of the company’s stock valued at $148,000 after purchasing an additional 6,093 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Gambling.com Group during the 4th quarter worth approximately $163,000. Hedge funds and other institutional investors own 72.26% of the company’s stock.

Gambling.com Group Trading Up 2.8 %

Shares of Gambling.com Group stock opened at $12.48 on Thursday. 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 fifty day simple moving average of $14.23 and a 200-day simple moving average of $12.51. The stock has a market cap of $464.54 million, a price-to-earnings ratio of 16.00 and a beta of 0.99. Gambling.com Group Limited has a 12-month low of $7.52 and a 12-month high of $17.14.

Analyst Ratings Changes

Several brokerages have commented on GAMB. Benchmark reissued a “buy” rating and issued a $18.00 price target on shares of Gambling.com Group in a research report on Thursday, February 20th. Cantor Fitzgerald initiated coverage on Gambling.com Group in a report on Wednesday, March 5th. They set an “overweight” rating and a $20.00 price target on the stock. Jefferies Financial Group raised their target price on shares of Gambling.com Group from $20.00 to $21.00 and gave the company a “buy” rating in a report 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. Finally, Craig Hallum increased their price objective 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. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $17.22.

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.