Gambling.com Group Limited (NASDAQ:GAMB) Receives $15.00 Average PT from Brokerages

Gambling.com Group Limited (NASDAQ:GAMB) has received an average rating of “Buy” from the five analysts that are covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $15.00.

Several brokerages have weighed in on GAMB. Craig Hallum lifted their price objective on Gambling.com Group from $14.00 to $16.00 and gave the company a “buy” rating in a report on Friday, November 15th. Stifel Nicolaus boosted their price target on Gambling.com Group from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Truist Financial reiterated a “buy” rating and set a $16.00 price objective (up from $13.00) on shares of Gambling.com Group in a research note on Friday, November 15th. Finally, Macquarie boosted their target price 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.

Gambling.com Group Stock Performance

NASDAQ GAMB opened at $12.91 on Monday. The firm has a market capitalization of $480.55 million, a P/E ratio of 16.55 and a beta of 0.86. 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 firm’s fifty day moving average price is $10.15 and its two-hundred day moving average price is $9.27. Gambling.com Group has a 1 year low of $7.51 and a 1 year high of $13.08.

Institutional Trading of Gambling.com Group

Large investors have recently modified their holdings of the business. Quarry LP lifted its holdings in shares of Gambling.com Group by 1,997.6% during the 2nd quarter. Quarry LP now owns 12,019 shares of the company’s stock valued at $99,000 after buying an additional 11,446 shares during the period. MetLife Investment Management LLC boosted its stake in shares of Gambling.com Group by 111.2% during the 3rd 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. Hsbc Holdings PLC bought a new stake in shares of Gambling.com Group during the second quarter worth $115,000. American Century Companies Inc. grew its stake in Gambling.com Group by 38.0% in the second quarter. American Century Companies Inc. now owns 15,523 shares of the company’s stock worth $128,000 after purchasing an additional 4,276 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings 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 valued at $180,000 after purchasing an additional 5,043 shares in the last quarter. 72.26% of the stock is owned by institutional investors.

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.