Benchmark Forecasts Strong Price Appreciation for Gambling.com Group (NASDAQ:GAMB) Stock

Gambling.com Group (NASDAQ:GAMB) had its price target raised by equities researchers at Benchmark from $16.00 to $18.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Benchmark’s price target suggests a potential upside of 14.07% from the stock’s current price.

GAMB has been the subject of several other research reports. Stifel Nicolaus increased their price target on Gambling.com Group from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Macquarie boosted their price target on shares of Gambling.com Group from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Craig Hallum raised their price objective on shares of Gambling.com Group from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, December 13th. BTIG Research boosted their target price on shares of Gambling.com Group from $13.00 to $19.00 and gave the company a “buy” rating in a report on Friday, December 13th. Finally, Jefferies Financial Group lifted their price target 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. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $16.88.

Gambling.com Group Stock Performance

Shares of NASDAQ:GAMB traded down $0.21 during mid-day trading on Tuesday, reaching $15.78. The company had a trading volume of 99,154 shares, compared to its average volume of 365,019. The company’s 50-day moving average price is $14.34 and its 200-day moving average price is $11.68. Gambling.com Group has a one year low of $7.51 and a one year high of $16.78. The firm has a market cap of $587.33 million, a price-to-earnings ratio of 20.26 and a beta of 0.99. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.20.

Hedge Funds Weigh In On Gambling.com Group

A number of hedge funds and other institutional investors have recently bought and sold shares of GAMB. Barclays PLC increased its stake in Gambling.com Group by 94.0% in the third quarter. Barclays PLC now owns 38,494 shares of the company’s stock valued at $385,000 after acquiring an additional 18,656 shares during the last quarter. Gagnon Securities LLC bought a new stake in Gambling.com Group in the 4th quarter worth $317,000. State Street Corp increased its position in shares of Gambling.com Group by 4.2% in the third quarter. State Street Corp now owns 194,120 shares of the company’s stock valued at $1,945,000 after acquiring an additional 7,806 shares during the period. SG Americas Securities LLC bought a new position in shares of Gambling.com Group during the fourth quarter valued at about $163,000. Finally, MetLife Investment Management LLC boosted its holdings in shares of 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 period. Hedge funds and other institutional investors own 72.26% of the company’s stock.

Gambling.com Group Company Profile

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.