Gambling.com Group (NASDAQ:GAMB) Given New $18.00 Price Target at Craig Hallum

Gambling.com Group (NASDAQ:GAMB) had its price objective hoisted by Craig Hallum from $16.00 to $18.00 in a report released on Friday, MarketBeat reports. The firm currently has a buy rating on the stock.

A number of other research firms have also commented on GAMB. Jefferies Financial Group lifted their price objective on Gambling.com Group from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday. Macquarie boosted 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. Stifel Nicolaus upped their price objective on shares of Gambling.com Group from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Truist Financial reissued a “buy” rating and set a $16.00 target price (up previously from $13.00) on shares of Gambling.com Group in a research note on Friday, November 15th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $16.57.

Gambling.com Group Stock Down 0.8 %

Shares of GAMB opened at $15.50 on Friday. The company has a market capitalization of $576.96 million, a PE ratio of 19.87 and a beta of 1.02. The stock’s 50-day moving average price is $11.30 and its two-hundred day moving average price is $9.87. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.20. Gambling.com Group has a 12 month low of $7.51 and a 12 month high of $16.09.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GAMB. Barclays PLC increased its holdings in Gambling.com Group by 94.0% during the 3rd quarter. Barclays PLC now owns 38,494 shares of the company’s stock worth $385,000 after purchasing an additional 18,656 shares in the last quarter. State Street Corp boosted its holdings in Gambling.com Group by 4.2% during the 3rd quarter. State Street Corp now owns 194,120 shares of the company’s stock worth $1,945,000 after acquiring an additional 7,806 shares during the last quarter. MetLife Investment Management LLC grew its stake in shares of Gambling.com Group by 111.2% in the 3rd 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. Quarry LP raised its holdings 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 purchasing an additional 11,446 shares during the last quarter. Finally, Gabelli Funds LLC lifted its position in shares of Gambling.com Group by 4.2% during the second 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 in the last quarter. 72.26% of the stock is currently owned by institutional investors and hedge funds.

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.