Gambling.com Group (NASDAQ:GAMB) Coverage Initiated at Benchmark

Analysts at Benchmark assumed coverage on shares of Gambling.com Group (NASDAQ:GAMB) in a research note issued on Wednesday, Marketbeat reports. The firm set a “buy” rating and a $16.00 price target on the stock. Benchmark’s price objective would indicate a potential upside of 12.44% from the company’s previous close.

Several other research analysts also recently commented on GAMB. Stifel Nicolaus lifted their price target 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. Craig Hallum boosted their price target on shares of Gambling.com Group from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Truist Financial restated 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. Macquarie boosted their target price on Gambling.com Group from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Finally, Jefferies Financial Group raised their price target on Gambling.com Group from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $16.50.

Gambling.com Group Stock Performance

Shares of NASDAQ GAMB opened at $14.23 on Wednesday. The stock’s 50-day moving average is $13.09 and its 200 day moving average is $10.73. The stock has a market cap of $529.68 million, a price-to-earnings ratio of 18.24 and a beta of 1.00. Gambling.com Group has a 1-year low of $7.51 and a 1-year high of $16.09. 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

Several hedge funds have recently made changes to their positions in the business. Gabelli Funds LLC increased its position in Gambling.com Group by 4.2% during the 2nd quarter. Gabelli Funds LLC now owns 32,000 shares of the company’s stock valued at $263,000 after purchasing an additional 1,300 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Gambling.com Group by 5.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 41,714 shares of the company’s stock valued at $343,000 after buying an additional 2,090 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Gambling.com Group by 38.0% in the 2nd 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 in the last quarter. Rhumbline Advisers increased its stake 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 worth $180,000 after acquiring an additional 5,043 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its stake 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 in the last quarter. 72.26% of the stock is owned by hedge funds and other institutional investors.

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.