Gambling.com Group (NASDAQ:GAMB) Stock Price Down 5.4% – What’s Next?

Gambling.com Group Limited (NASDAQ:GAMB)’s stock price dropped 5.4% on Wednesday . The company traded as low as $16.25 and last traded at $15.67. Approximately 101,277 shares were traded during trading, a decline of 73% from the average daily volume of 374,947 shares. The stock had previously closed at $16.56.

Wall Street Analyst Weigh In

GAMB has been the subject of a number of research reports. Craig Hallum increased their target price on shares of Gambling.com Group from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Benchmark increased their target price on shares of Gambling.com Group from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. BTIG Research increased their target price on shares of Gambling.com Group from $13.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Macquarie increased their price target on shares of Gambling.com Group from $14.00 to $16.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $16.00 target price (up from $13.00) on shares of Gambling.com Group in a research note on Friday, November 15th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $16.88.

Gambling.com Group Trading Down 5.6 %

The firm has a market cap of $581.93 million, a P/E ratio of 20.05 and a beta of 0.99. The firm’s fifty day moving average is $14.72 and its two-hundred day moving average is $11.98. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.20.

Institutional Trading of Gambling.com Group

A number of hedge funds have recently modified their holdings of GAMB. AWM Investment Company Inc. lifted its position in Gambling.com Group by 9.8% during the 4th quarter. AWM Investment Company Inc. now owns 1,517,259 shares of the company’s stock valued at $21,363,000 after acquiring an additional 135,000 shares during the period. G2 Investment Partners Management LLC grew its holdings in Gambling.com Group by 22.8% in the fourth quarter. G2 Investment Partners Management LLC now owns 825,147 shares of the company’s stock worth $11,618,000 after purchasing an additional 153,173 shares during the period. Driehaus Capital Management LLC purchased a new stake in Gambling.com Group in the fourth quarter worth about $7,168,000. Dimensional Fund Advisors LP grew its stake in shares of Gambling.com Group by 12.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 503,426 shares of the company’s stock worth $7,089,000 after buying an additional 56,268 shares during the last quarter. Finally, Topline Capital Management LLC bought a new position in Gambling.com Group during the 4th quarter valued at approximately $6,700,000. 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.