Gambling.com Group (NASDAQ:GAMB) Stock Price Expected to Rise, BTIG Research Analyst Says

Gambling.com Group (NASDAQ:GAMB) had its target price hoisted by BTIG Research from $13.00 to $19.00 in a research report report published on Friday, Marketbeat Ratings reports. BTIG Research currently has a buy rating on the stock.

GAMB has been the topic of a number of other research reports. Stifel Nicolaus boosted their price objective on shares of Gambling.com Group from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Truist Financial reissued a “buy” rating and issued a $16.00 price objective (up from $13.00) on shares of Gambling.com Group in a research report on Friday, November 15th. Jefferies Financial Group raised their price objective on shares of Gambling.com Group from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday. Macquarie upped their target price on Gambling.com Group from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Finally, Craig Hallum raised their price target on Gambling.com Group from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $16.57.

Gambling.com Group Price Performance

Gambling.com Group stock opened at $15.50 on Friday. Gambling.com Group has a 52-week low of $7.51 and a 52-week high of $16.09. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.20. The firm’s fifty day moving average is $11.30 and its 200 day moving average is $9.87. The company has a market cap of $576.96 million, a price-to-earnings ratio of 19.87 and a beta of 1.02.

Hedge Funds Weigh In On Gambling.com Group

Several institutional investors have recently made changes to their positions in GAMB. Gabelli Funds LLC lifted 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 worth $263,000 after acquiring an additional 1,300 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Gambling.com Group by 5.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 41,714 shares of the company’s stock valued at $343,000 after purchasing an additional 2,090 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Gambling.com Group by 38.0% in the 2nd quarter. American Century Companies Inc. now owns 15,523 shares of the company’s stock worth $128,000 after purchasing an additional 4,276 shares during the period. Rhumbline Advisers increased its holdings in Gambling.com Group by 29.8% during the second quarter. Rhumbline Advisers now owns 21,950 shares of the company’s stock valued at $180,000 after buying an additional 5,043 shares during the period. Finally, MetLife Investment Management LLC boosted its position in Gambling.com Group by 111.2% during the 3rd 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. Hedge funds and other institutional investors own 72.26% of the company’s stock.

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.