Gambling.com Group (NASDAQ:GAMB) Price Target Raised to $20.00

Gambling.com Group (NASDAQ:GAMB) had its price objective increased by Jefferies Financial Group from $18.00 to $20.00 in a research note released on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

GAMB has been the topic of a number of other reports. Craig Hallum increased their price objective on shares of Gambling.com Group from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, November 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 note on Monday, November 18th. Stifel Nicolaus upped their target price on Gambling.com Group from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Truist Financial reissued a “buy” rating and set a $16.00 price target (up previously from $13.00) on shares of Gambling.com Group in a research report on Friday, November 15th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $16.57.

Gambling.com Group Stock Performance

Shares of GAMB stock opened at $15.50 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market cap of $576.96 million, a PE ratio of 19.87 and a beta of 1.02. Gambling.com Group has a 1 year low of $7.51 and a 1 year high of $16.09. The stock has a fifty day moving average price of $11.30 and a 200 day moving average price of $9.87.

Hedge Funds Weigh In On Gambling.com Group

Several institutional investors have recently added to or reduced their stakes in GAMB. Quarry LP grew its holdings in Gambling.com Group by 1,997.6% in the 2nd quarter. Quarry LP now owns 12,019 shares of the company’s stock valued at $99,000 after buying an additional 11,446 shares during the period. Hsbc Holdings PLC purchased a new stake in Gambling.com Group in the second quarter valued at approximately $115,000. MetLife Investment Management LLC increased its position in Gambling.com Group by 111.2% during the third quarter. MetLife Investment Management LLC now owns 12,384 shares of the company’s stock worth $124,000 after purchasing an additional 6,519 shares during the last quarter. American Century Companies Inc. increased its position in Gambling.com Group by 38.0% during the second quarter. American Century Companies Inc. now owns 15,523 shares of the company’s stock worth $128,000 after purchasing an additional 4,276 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of Gambling.com Group by 29.8% in the 2nd quarter. Rhumbline Advisers now owns 21,950 shares of the company’s stock valued at $180,000 after purchasing an additional 5,043 shares during the last quarter. 72.26% of the stock is currently owned by institutional investors and hedge funds.

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.