Gambling.com Group Limited (NASDAQ:GAMB) Receives $16.57 Consensus Price Target from Analysts

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

GAMB has been the subject of several recent analyst reports. Benchmark assumed coverage on Gambling.com Group in a research report on Wednesday. They issued a “buy” rating and a $16.00 target price for the company. 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 research note on Friday, December 13th. Truist Financial reissued a “buy” rating and set a $16.00 target price (up from $13.00) on shares of Gambling.com Group in a research report on Friday, November 15th. Jefferies Financial Group upped their price target on Gambling.com Group from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Finally, Stifel Nicolaus boosted their price objective on shares of Gambling.com Group from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday, November 15th.

Hedge Funds Weigh In On Gambling.com Group

A number of hedge funds and other institutional investors have recently made changes to their positions in GAMB. Quarry LP increased 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. Hsbc Holdings PLC bought a new stake in shares of Gambling.com Group during the 2nd quarter worth approximately $115,000. MetLife Investment Management LLC increased its stake 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 last quarter. American Century Companies Inc. lifted its holdings in shares of Gambling.com Group by 38.0% in 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 increased its holdings in shares of Gambling.com Group by 29.8% during the second quarter. Rhumbline Advisers now owns 21,950 shares of the company’s stock worth $180,000 after buying an additional 5,043 shares in the last quarter. 72.26% of the stock is owned by institutional investors.

Gambling.com Group Price Performance

GAMB stock opened at $13.80 on Tuesday. Gambling.com Group has a one year low of $7.51 and a one year high of $16.09. The firm has a 50-day moving average of $13.18 and a two-hundred day moving average of $10.79. The firm has a market capitalization of $513.68 million, a PE ratio of 17.69 and a beta of 1.00. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.20.

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.