MetLife Investment Management LLC Sells 1,700 Shares of Gambling.com Group Limited (NASDAQ:GAMB)

MetLife Investment Management LLC trimmed its stake in shares of Gambling.com Group Limited (NASDAQ:GAMB) by 13.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,684 shares of the company’s stock after selling 1,700 shares during the quarter. MetLife Investment Management LLC’s holdings in Gambling.com Group were worth $150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in GAMB. Hillsdale Investment Management Inc. boosted its stake in shares of Gambling.com Group by 1,320.6% in the 4th quarter. Hillsdale Investment Management Inc. now owns 339,531 shares of the company’s stock valued at $4,781,000 after purchasing an additional 315,631 shares during the last quarter. Marshall Wace LLP boosted its position in Gambling.com Group by 501.1% during the fourth quarter. Marshall Wace LLP now owns 323,781 shares of the company’s stock valued at $4,559,000 after acquiring an additional 269,916 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in Gambling.com Group during the 4th quarter worth about $2,280,000. Arrowstreet Capital Limited Partnership raised its position in shares of Gambling.com Group by 551.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 173,059 shares of the company’s stock worth $2,437,000 after acquiring an additional 146,512 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Gambling.com Group by 1,631.9% in the 4th quarter. JPMorgan Chase & Co. now owns 137,201 shares of the company’s stock valued at $1,932,000 after purchasing an additional 129,279 shares during the period. 72.26% of the stock is owned by institutional investors and hedge funds.

Gambling.com Group Stock Up 1.1 %

Shares of NASDAQ GAMB opened at $13.51 on Friday. 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 $7.52 and a 1 year high of $17.14. The stock has a market capitalization of $469.54 million, a P/E ratio of 17.32 and a beta of 1.04. The company has a 50-day moving average price of $12.55 and a 200-day moving average price of $13.15.

Gambling.com Group (NASDAQ:GAMB) last issued its quarterly earnings data on Thursday, March 20th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.10. The firm had revenue of $35.30 million during the quarter, compared to analyst estimates of $35.20 million. Gambling.com Group had a return on equity of 25.06% and a net margin of 23.40%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, equities research analysts forecast that Gambling.com Group Limited will post 0.88 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on GAMB shares. Benchmark reiterated a “buy” rating and issued a $18.00 target price on shares of Gambling.com Group in a report on Thursday, February 20th. Jefferies Financial Group lifted their price objective on shares of Gambling.com Group from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Macquarie increased their target price on shares of Gambling.com Group from $18.00 to $19.00 and gave the stock an “outperform” rating in a research note on Friday, March 21st. Cantor Fitzgerald started coverage on shares of Gambling.com Group in a research note on Wednesday, March 5th. They issued an “overweight” rating and a $20.00 price target for the company. Finally, Truist Financial cut their price objective on shares of Gambling.com Group from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $17.67.

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.