Gambling.com Group Limited (NASDAQ:GAMB) Receives $16.63 Consensus Price Target from Analysts

Gambling.com Group Limited (NASDAQ:GAMB) has earned a consensus recommendation of “Buy” from the eight analysts that are covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a buy recommendation. The average 1 year price target among brokers that have covered the stock in the last year is $16.63.

A number of research firms have recently commented on GAMB. Benchmark began coverage on Gambling.com Group in a research report on Wednesday, January 8th. They issued a “buy” rating and a $16.00 price objective for the company. Jefferies Financial Group boosted their price objective on Gambling.com Group from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Truist Financial reiterated a “buy” rating and set a $16.00 price target (up from $13.00) on shares of Gambling.com Group in a research report on Friday, November 15th. BTIG Research boosted their price target on Gambling.com Group from $13.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Finally, Macquarie boosted their price target on Gambling.com Group from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its position in shares of Gambling.com Group by 13.7% during the second quarter. Dimensional Fund Advisors LP now owns 398,016 shares of the company’s stock worth $3,272,000 after acquiring an additional 47,843 shares during the last quarter. Gagnon Securities LLC acquired a new stake in Gambling.com Group during the 4th quarter worth $317,000. Barclays PLC grew its position in Gambling.com Group by 94.0% during the 3rd quarter. Barclays PLC now owns 38,494 shares of the company’s stock worth $385,000 after purchasing an additional 18,656 shares during the last quarter. Hsbc Holdings PLC acquired a new position in Gambling.com Group in the second quarter valued at $115,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Gambling.com Group in the fourth quarter valued at about $163,000. Hedge funds and other institutional investors own 72.26% of the company’s stock.

Gambling.com Group Stock Up 0.6 %

Shares of GAMB stock opened at $14.17 on Friday. The stock has a 50 day moving average of $14.08 and a 200 day moving average of $11.45. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.20. The stock has a market cap of $527.41 million, a P/E ratio of 18.17 and a beta of 0.99. Gambling.com Group has a twelve month low of $7.51 and a twelve month high of $16.09.

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.