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

Gambling.com Group (NASDAQ:GAMB) had its price objective raised by analysts at Macquarie from $14.00 to $16.00 in a research note issued on Monday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Macquarie’s price objective would suggest a potential upside of 27.80% from the stock’s previous close.

GAMB has been the subject of a number of other reports. Truist Financial restated a “buy” rating and issued a $16.00 price target (up from $13.00) on shares of Gambling.com Group in a research report on Friday, November 15th. Stifel Nicolaus upped their price target on Gambling.com Group from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, Craig Hallum upped their price target on Gambling.com Group from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $15.00.

Gambling.com Group Price Performance

Shares of Gambling.com Group stock opened at $12.52 on Monday. The business has a 50 day simple moving average of $10.09 and a two-hundred day simple moving average of $9.24. Gambling.com Group has a 12 month low of $7.51 and a 12 month high of $13.00. The stock has a market capitalization of $466.03 million, a P/E ratio of 16.05 and a beta of 0.86. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 1.03.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Gabelli Funds LLC grew its position in Gambling.com Group by 4.2% in the second quarter. Gabelli Funds LLC now owns 32,000 shares of the company’s stock worth $263,000 after acquiring an additional 1,300 shares during the period. Bank of New York Mellon Corp grew its position in Gambling.com Group by 5.3% in the second quarter. Bank of New York Mellon Corp now owns 41,714 shares of the company’s stock worth $343,000 after acquiring an additional 2,090 shares during the period. American Century Companies Inc. grew its position in 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 period. Rhumbline Advisers grew its position in Gambling.com Group by 29.8% in the second quarter. Rhumbline Advisers now owns 21,950 shares of the company’s stock worth $180,000 after acquiring an additional 5,043 shares during the period. Finally, MetLife Investment Management LLC grew its position in Gambling.com Group by 111.2% in the third quarter. MetLife Investment Management LLC now owns 12,384 shares of the company’s stock worth $124,000 after acquiring an additional 6,519 shares during the period. 72.26% of the stock is currently owned by hedge funds and other institutional investors.

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.