Cantor Fitzgerald Initiates Coverage on Gambling.com Group (NASDAQ:GAMB)

Equities research analysts at Cantor Fitzgerald assumed coverage on shares of Gambling.com Group (NASDAQ:GAMB) in a research note issued to investors on Wednesday, MarketBeat reports. The firm set an “overweight” rating and a $20.00 price target on the stock. Cantor Fitzgerald’s price objective indicates a potential upside of 55.16% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Benchmark restated a “buy” rating and set a $18.00 price objective on shares of Gambling.com Group in a report on Thursday, February 20th. Stifel Nicolaus increased their price target on Gambling.com Group from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Jefferies Financial Group increased 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. Macquarie increased their price target on Gambling.com Group from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Finally, BTIG Research increased their price target on Gambling.com Group from $13.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $17.22.

Gambling.com Group Trading Down 5.4 %

NASDAQ GAMB opened at $12.89 on Wednesday. The company has a market cap of $479.80 million, a price-to-earnings ratio of 16.53 and a beta of 0.99. Gambling.com Group has a 52 week low of $7.51 and a 52 week high of $17.14. The business has a 50 day moving average price of $14.59 and a 200-day moving average price of $12.36. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.20.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Northern Trust Corp grew its stake in shares of Gambling.com Group by 0.9% during the 4th quarter. Northern Trust Corp now owns 109,928 shares of the company’s stock worth $1,548,000 after acquiring an additional 1,003 shares during the period. Exchange Traded Concepts LLC grew its stake in shares of Gambling.com Group by 2.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 49,799 shares of the company’s stock worth $701,000 after acquiring an additional 1,325 shares during the period. Global Retirement Partners LLC boosted its stake in Gambling.com Group by 1,613.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,971 shares of the company’s stock worth $28,000 after purchasing an additional 1,856 shares during the period. Ameriprise Financial Inc. boosted its stake in Gambling.com Group by 1.7% in the 4th quarter. Ameriprise Financial Inc. now owns 120,007 shares of the company’s stock worth $1,690,000 after purchasing an additional 2,017 shares during the period. Finally, Quadrant Capital Group LLC boosted its stake in Gambling.com Group by 481.8% in the 4th quarter. Quadrant Capital Group LLC now owns 2,461 shares of the company’s stock worth $35,000 after purchasing an additional 2,038 shares during the period. 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.