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

Gambling.com Group (NASDAQ:GAMB) had its price target raised by Craig Hallum from $14.00 to $16.00 in a research note published on Friday,Benzinga reports. Craig Hallum currently has a buy rating on the stock.

A number of other equities research analysts also recently weighed in on GAMB. Stifel Nicolaus raised their price objective on Gambling.com Group from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Friday. Truist Financial reaffirmed a “buy” rating and issued a $16.00 price objective (up previously from $13.00) on shares of Gambling.com Group in a research report on Friday. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price of $15.00.

Gambling.com Group Stock Up 1.6 %

Gambling.com Group stock 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. The firm has a market cap of $445.15 million, a P/E ratio of 15.33 and a beta of 0.86. The business has a fifty day moving average of $10.04 and a two-hundred day moving average of $9.22. Gambling.com Group has a twelve month low of $7.51 and a twelve month high of $13.00.

Hedge Funds Weigh In On Gambling.com Group

Several hedge funds have recently modified their holdings of GAMB. Clearbridge Investments LLC grew its position in Gambling.com Group by 10.4% during the 1st quarter. Clearbridge Investments LLC now owns 972,250 shares of the company’s stock worth $8,877,000 after purchasing an additional 91,799 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Gambling.com Group by 13.7% during the second quarter. Dimensional Fund Advisors LP now owns 398,016 shares of the company’s stock worth $3,272,000 after buying an additional 47,843 shares during the period. Yarra Square Partners LP grew its holdings in shares of Gambling.com Group by 27.2% during the second quarter. Yarra Square Partners LP now owns 312,981 shares of the company’s stock valued at $2,573,000 after buying an additional 67,000 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Gambling.com Group by 4.2% in the 2nd quarter. Renaissance Technologies LLC now owns 298,800 shares of the company’s stock valued at $2,456,000 after acquiring an additional 12,000 shares during the period. Finally, Wedge Capital Management L L P NC raised its stake in Gambling.com Group by 197.7% in the 2nd quarter. Wedge Capital Management L L P NC now owns 202,727 shares of the company’s stock worth $1,666,000 after acquiring an additional 134,620 shares during the last quarter. Institutional investors and hedge funds own 72.26% of the company’s stock.

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.