Brokerages Set Gambling.com Group Limited (NASDAQ:GAMB) Price Target at $16.57

Gambling.com Group Limited (NASDAQ:GAMB) has been assigned a consensus recommendation of “Buy” from the eight ratings firms that are presently covering the company, MarketBeat.com reports. Eight analysts have rated the stock with a buy rating. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $16.50.

A number of equities research analysts have recently commented on GAMB shares. BTIG Research increased their target price on shares of Gambling.com Group from $13.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Jefferies Financial Group increased their price objective on shares of Gambling.com Group from $18.00 to $20.00 and gave the company a “buy” rating in a report on Friday, December 13th. Truist Financial restated a “buy” rating and set a $16.00 target price (up from $13.00) on shares of Gambling.com Group in a report on Friday, November 15th. Stifel Nicolaus increased their price target on Gambling.com Group from $13.00 to $14.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Benchmark assumed coverage on Gambling.com Group in a research note on Wednesday. They set a “buy” rating and a $16.00 price objective on the stock.

Gambling.com Group Stock Performance

Shares of NASDAQ:GAMB opened at $14.23 on Tuesday. The business’s 50 day moving average price is $13.09 and its 200-day moving average price is $10.73. Gambling.com Group has a 1 year low of $7.51 and a 1 year high of $16.09. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $529.68 million, a PE ratio of 18.24 and a beta of 1.00.

Institutional Investors Weigh In On Gambling.com Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC grew its holdings in shares of Gambling.com Group by 94.0% during the 3rd 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. State Street Corp raised its position in Gambling.com Group by 4.2% in the 3rd quarter. State Street Corp now owns 194,120 shares of the company’s stock valued at $1,945,000 after purchasing an additional 7,806 shares in the last quarter. MetLife Investment Management LLC lifted its stake 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 acquiring an additional 6,519 shares during the last quarter. Quarry LP lifted its position in shares of Gambling.com Group by 1,997.6% during the 2nd quarter. Quarry LP now owns 12,019 shares of the company’s stock worth $99,000 after purchasing an additional 11,446 shares during the last quarter. Finally, Gabelli Funds LLC lifted its holdings in Gambling.com Group by 4.2% during the 2nd quarter. Gabelli Funds LLC now owns 32,000 shares of the company’s stock worth $263,000 after buying an additional 1,300 shares during the last quarter. Institutional investors and hedge funds 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.