BTIG Research Increases Gambling.com Group (NASDAQ:GAMB) Price Target to $19.00

Gambling.com Group (NASDAQ:GAMB) had its price target upped by analysts at BTIG Research from $13.00 to $19.00 in a research report issued to clients and investors on Friday, MarketBeat.com reports. The brokerage presently has a “buy” rating on the stock. BTIG Research’s price target indicates a potential upside of 22.58% from the company’s previous close.

A number of other research firms also recently issued reports on GAMB. Macquarie increased their target price 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. Jefferies Financial Group lifted their price objective on Gambling.com Group from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Friday. Truist Financial reaffirmed a “buy” rating and issued a $16.00 target price (up from $13.00) on shares of Gambling.com Group in a research report on Friday, November 15th. Craig Hallum lifted their price target on Gambling.com Group from $16.00 to $18.00 and gave the company a “buy” rating in a report on Friday. Finally, Stifel Nicolaus increased their price objective on Gambling.com Group from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Gambling.com Group has an average rating of “Buy” and an average price target of $16.57.

Gambling.com Group Price Performance

NASDAQ GAMB opened at $15.50 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $576.96 million, a price-to-earnings ratio of 19.87 and a beta of 1.02. The company has a 50 day simple moving average of $11.30 and a 200-day simple moving average of $9.86. Gambling.com Group has a 52-week low of $7.51 and a 52-week high of $16.09.

Hedge Funds Weigh In On Gambling.com Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Yarra Square Partners LP boosted its holdings in shares of Gambling.com Group by 27.2% during the 2nd quarter. Yarra Square Partners LP now owns 312,981 shares of the company’s stock worth $2,573,000 after buying an additional 67,000 shares during the period. Renaissance Technologies LLC lifted its position in Gambling.com Group by 4.2% during the 2nd quarter. Renaissance Technologies LLC now owns 298,800 shares of the company’s stock worth $2,456,000 after acquiring an additional 12,000 shares during the last quarter. American Century Companies Inc. boosted 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 acquiring an additional 4,276 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Gambling.com Group by 13.7% in the second quarter. Dimensional Fund Advisors LP now owns 398,016 shares of the company’s stock worth $3,272,000 after purchasing an additional 47,843 shares during the period. Finally, Bank of New York Mellon Corp lifted its position 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 worth $343,000 after purchasing an additional 2,090 shares during the last quarter. Institutional investors and hedge funds 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.