Analysts Set Gambling.com Group Limited (NASDAQ:GAMB) Target Price at $16.57

Shares of Gambling.com Group Limited (NASDAQ:GAMB) have earned a consensus rating of “Buy” from the eight brokerages that are presently covering the company, MarketBeat.com reports. Eight equities research analysts have rated the stock with a buy rating. The average 1-year price target among brokers that have issued a report on the stock in the last year is $16.50.

A number of equities research analysts have recently weighed in on GAMB shares. Truist Financial reissued a “buy” rating and set a $16.00 price objective (up from $13.00) on shares of Gambling.com Group in a report on Friday, November 15th. BTIG Research raised their price objective on Gambling.com Group from $13.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Benchmark assumed coverage on Gambling.com Group in a research report on Wednesday. They issued a “buy” rating and a $16.00 target price on the stock. Macquarie raised their price target on shares of Gambling.com Group from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Finally, Stifel Nicolaus increased their price objective on shares of Gambling.com Group from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday, November 15th.

Gambling.com Group Stock Performance

Shares of Gambling.com Group stock opened at $14.23 on Tuesday. The firm has a market capitalization of $529.68 million, a P/E ratio of 18.24 and a beta of 1.00. Gambling.com Group has a 52 week low of $7.51 and a 52 week high of $16.09. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average price of $13.09 and a 200 day moving average price of $10.73.

Hedge Funds Weigh In On Gambling.com Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP increased its position in shares of Gambling.com Group by 1,997.6% in the second quarter. Quarry LP now owns 12,019 shares of the company’s stock valued at $99,000 after buying an additional 11,446 shares in the last quarter. Hsbc Holdings PLC purchased a new stake in Gambling.com Group in the 2nd quarter worth $115,000. MetLife Investment Management LLC raised 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 acquiring an additional 6,519 shares during the period. American Century Companies Inc. lifted its holdings 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 valued at $128,000 after purchasing an additional 4,276 shares in the last quarter. Finally, Rhumbline Advisers grew its position in shares of Gambling.com Group by 29.8% in the second 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 period. Hedge funds and other 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.