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

Gambling.com Group (NASDAQ:GAMB) had its price objective lifted by Stifel Nicolaus from $13.00 to $14.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other analysts have also recently issued reports on GAMB. Truist Financial reaffirmed a “buy” rating and issued a $16.00 price target (up from $13.00) on shares of Gambling.com Group in a report on Friday. Craig Hallum boosted their target price on shares of Gambling.com Group from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Five analysts have rated the stock with a buy rating, According to MarketBeat, Gambling.com Group currently has an average rating of “Buy” and a consensus price target of $15.00.

Gambling.com Group Price Performance

Shares of NASDAQ GAMB opened at $11.96 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.17. Gambling.com Group has a fifty-two week low of $7.51 and a fifty-two week high of $13.00. The business has a 50 day moving average price of $10.04 and a two-hundred day moving average price of $9.22. The firm has a market cap of $445.15 million, a PE ratio of 15.33 and a beta of 0.86.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of GAMB. Quarry LP boosted its position in Gambling.com Group by 1,997.6% during the 2nd quarter. Quarry LP now owns 12,019 shares of the company’s stock valued at $99,000 after purchasing an additional 11,446 shares during the period. MetLife Investment Management LLC boosted its holdings in shares of Gambling.com Group by 111.2% during 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 during the period. Hsbc Holdings PLC bought a new position in shares of Gambling.com Group during the second quarter worth about $115,000. American Century Companies Inc. grew its position in shares of Gambling.com Group by 38.0% during the second quarter. American Century Companies Inc. now owns 15,523 shares of the company’s stock worth $128,000 after acquiring an additional 4,276 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in Gambling.com Group by 29.8% in the 2nd quarter. Rhumbline Advisers now owns 21,950 shares of the company’s stock valued at $180,000 after purchasing an additional 5,043 shares during the last quarter. 72.26% of the stock is 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.