Macquarie Forecasts Strong Price Appreciation for Gambling.com Group (NASDAQ:GAMB) Stock

Gambling.com Group (NASDAQ:GAMB) had its price target raised by investment analysts at Macquarie from $14.00 to $16.00 in a report released on Monday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Macquarie’s target price suggests a potential upside of 27.80% from the company’s previous close.

Several other research analysts have also commented on the company. Truist Financial restated a “buy” rating and set a $16.00 price target (up from $13.00) on shares of Gambling.com Group in a research report on Friday, November 15th. Stifel Nicolaus raised their price target on Gambling.com Group from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Craig Hallum raised their price target on Gambling.com Group from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $15.00.

Gambling.com Group Trading Up 4.7 %

GAMB opened at $12.52 on Monday. Gambling.com Group has a 52 week low of $7.51 and a 52 week high of $13.00. The business has a fifty day simple moving average of $10.09 and a 200-day simple moving average of $9.24. The firm has a market cap of $466.03 million, a P/E ratio of 16.05 and a beta of 0.86. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.20.

Institutional Trading of Gambling.com Group

Several hedge funds have recently modified their holdings of the stock. Barclays PLC raised its stake in shares of Gambling.com Group by 94.0% in the third quarter. Barclays PLC now owns 38,494 shares of the company’s stock valued at $385,000 after acquiring an additional 18,656 shares in the last quarter. State Street Corp raised its stake in shares of Gambling.com Group by 4.2% in the third quarter. State Street Corp now owns 194,120 shares of the company’s stock valued at $1,945,000 after acquiring an additional 7,806 shares in the last quarter. MetLife Investment Management LLC raised its stake 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 acquiring an additional 6,519 shares in the last quarter. Quarry LP raised its stake in Gambling.com Group by 1,997.6% in the second quarter. Quarry LP now owns 12,019 shares of the company’s stock valued at $99,000 after buying an additional 11,446 shares in the last quarter. Finally, Gabelli Funds LLC raised its stake in Gambling.com Group by 4.2% in the second quarter. Gabelli Funds LLC now owns 32,000 shares of the company’s stock valued at $263,000 after buying an additional 1,300 shares in the last quarter. 72.26% of the stock is currently owned by institutional investors and hedge funds.

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.