Gambling.com Group Limited (NASDAQ:GAMB) Receives Average Rating of “Buy” from Analysts

Shares of Gambling.com Group Limited (NASDAQ:GAMB) have received an average rating of “Buy” from the seven research firms that are currently covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a buy rating. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $16.57.

GAMB has been the topic of a number of research analyst reports. BTIG Research boosted their target price on shares of Gambling.com Group from $13.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Stifel Nicolaus boosted their price target on shares of 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 boosted their price target on shares of Gambling.com Group from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Truist Financial reissued a “buy” rating and issued a $16.00 price target (up previously from $13.00) on shares of Gambling.com Group in a research report on Friday, November 15th. Finally, Macquarie boosted their price target 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, November 18th.

Gambling.com Group Stock Up 3.6 %

GAMB opened at $15.95 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.20. The stock has a market cap of $593.71 million, a price-to-earnings ratio of 20.45 and a beta of 1.02. Gambling.com Group has a twelve month low of $7.51 and a twelve month high of $16.09. The company’s 50-day moving average price is $11.53 and its two-hundred day moving average price is $9.98.

Institutional Trading of Gambling.com Group

A number of hedge funds and other institutional investors have recently bought and sold shares of GAMB. Wedge Capital Management L L P NC increased its holdings in Gambling.com Group by 197.7% during the 2nd quarter. Wedge Capital Management L L P NC now owns 202,727 shares of the company’s stock worth $1,666,000 after acquiring an additional 134,620 shares during the period. Yarra Square Partners LP increased its holdings in shares of Gambling.com Group by 27.2% in 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 last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Gambling.com Group by 13.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 398,016 shares of the company’s stock worth $3,272,000 after buying an additional 47,843 shares during the last quarter. Barclays PLC increased its holdings in shares of Gambling.com Group by 94.0% in the 3rd quarter. Barclays PLC now owns 38,494 shares of the company’s stock worth $385,000 after buying an additional 18,656 shares during the last quarter. Finally, Hsbc Holdings PLC bought a new position in shares of Gambling.com Group in the 2nd quarter worth $115,000. Institutional investors own 72.26% of the company’s stock.

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.