Gambling.com Group (NASDAQ:GAMB) Now Covered by Cantor Fitzgerald

Cantor Fitzgerald started coverage on shares of Gambling.com Group (NASDAQ:GAMB) in a research report released on Wednesday morning, Marketbeat reports. The firm issued an overweight rating and a $20.00 target price on the stock.

Several other analysts have also commented on GAMB. Craig Hallum raised their price target 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. Benchmark reaffirmed a “buy” rating and set a $18.00 price objective on shares of Gambling.com Group in a report on Thursday, February 20th. Truist Financial reaffirmed a “buy” rating and set a $16.00 price objective (up from $13.00) on shares of Gambling.com Group in a report on Friday, November 15th. Macquarie increased their price objective on shares of Gambling.com Group from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Finally, Stifel Nicolaus increased their price objective on shares of Gambling.com Group from $13.00 to $14.00 and gave the company a “buy” rating in a report on Friday, November 15th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Gambling.com Group presently has a consensus rating of “Buy” and a consensus price target of $17.22.

Gambling.com Group Stock Up 2.8 %

NASDAQ:GAMB opened at $13.63 on Wednesday. The firm has a market capitalization of $507.35 million, a P/E ratio of 17.47 and a beta of 0.99. Gambling.com Group has a 1-year low of $7.51 and a 1-year high of $17.14. The company’s fifty day moving average price is $14.62 and its 200-day moving average price is $12.36. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 1.03.

Hedge Funds Weigh In On Gambling.com Group

Institutional investors have recently bought and sold shares of the company. Barclays PLC raised its stake in Gambling.com Group by 94.0% during the third 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. Gagnon Securities LLC purchased a new position in Gambling.com Group during the fourth quarter worth about $317,000. Los Angeles Capital Management LLC purchased a new position in Gambling.com Group during the fourth quarter worth about $2,280,000. State Street Corp raised its stake in Gambling.com Group by 4.2% during the third quarter. State Street Corp now owns 194,120 shares of the company’s stock worth $1,945,000 after purchasing an additional 7,806 shares during the period. Finally, Wakefield Asset Management LLLP purchased a new position in Gambling.com Group during the fourth quarter worth about $986,000. 72.26% of the stock is owned by hedge funds and other institutional investors.

About Gambling.com Group

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.