Cantor Fitzgerald Begins Coverage on Gambling.com Group (NASDAQ:GAMB)

Analysts at Cantor Fitzgerald assumed coverage on shares of Gambling.com Group (NASDAQ:GAMB) in a note issued to investors on Wednesday. The brokerage set an “overweight” rating and a $20.00 price target on the stock. Cantor Fitzgerald’s target price would suggest a potential upside of 50.83% from the company’s current price.

Several other analysts have also issued reports on GAMB. Jefferies Financial Group increased their target price on Gambling.com Group from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Macquarie raised their price objective on shares of Gambling.com Group from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Craig Hallum lifted their price objective on shares of Gambling.com Group from $16.00 to $18.00 and gave the company a “buy” rating in a report on Friday, December 13th. Benchmark reiterated a “buy” rating and issued a $18.00 price objective on shares of Gambling.com Group in a research note on Thursday, February 20th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $16.00 price target (up previously from $13.00) on shares of Gambling.com Group in a report on Friday, November 15th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $17.22.

Gambling.com Group Stock Down 3.1 %

Gambling.com Group stock opened at $13.26 on Wednesday. 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 $493.58 million, a price-to-earnings ratio of 17.00 and a beta of 0.99. The company’s 50 day simple moving average is $14.64 and its 200 day simple moving average is $12.35. Gambling.com Group has a fifty-two week low of $7.51 and a fifty-two week high of $17.14.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Global Retirement Partners LLC grew its stake in shares of Gambling.com Group by 1,613.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,971 shares of the company’s stock worth $28,000 after acquiring an additional 1,856 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Gambling.com Group by 1,968.4% during the 4th quarter. Russell Investments Group Ltd. now owns 2,420 shares of the company’s stock worth $34,000 after acquiring an additional 2,303 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Gambling.com Group by 481.8% during the fourth quarter. Quadrant Capital Group LLC now owns 2,461 shares of the company’s stock worth $35,000 after purchasing an additional 2,038 shares during the last quarter. IFP Advisors Inc acquired a new stake in shares of Gambling.com Group during the fourth quarter worth about $49,000. Finally, MetLife Investment Management LLC boosted its position in shares of Gambling.com Group by 111.2% in the 3rd quarter. MetLife Investment Management LLC now owns 12,384 shares of the company’s stock valued at $124,000 after purchasing an additional 6,519 shares during the period. Hedge funds and other institutional investors 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.