Gambling.com Group Limited (NASDAQ:GAMB) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Gambling.com Group Limited (NASDAQ:GAMB) have been assigned an average recommendation of “Buy” from the seven analysts that are presently covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a buy rating. The average 1-year price target among analysts that have issued a report on the stock in the last year is $16.57.

Several brokerages have recently issued reports on GAMB. BTIG Research upped their target price on shares of Gambling.com Group from $13.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Craig Hallum upped their price objective on Gambling.com Group from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Macquarie upped their price target on Gambling.com Group from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Stifel Nicolaus upped their target price 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 reaffirmed a “buy” rating and set a $16.00 price target (up previously from $13.00) on shares of Gambling.com Group in a report on Friday, November 15th.

Gambling.com Group Stock Performance

Shares of Gambling.com Group stock opened at $13.97 on Tuesday. The stock has a market cap of $520.01 million, a price-to-earnings ratio of 17.91 and a beta of 1.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 1.03. Gambling.com Group has a 1 year low of $7.51 and a 1 year high of $16.09. The firm’s 50-day moving average is $12.83 and its 200 day moving average is $10.64.

Institutional Investors Weigh In On Gambling.com Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Yarra Square Partners LP grew its position in Gambling.com Group by 27.2% during the second quarter. Yarra Square Partners LP now owns 312,981 shares of the company’s stock valued at $2,573,000 after buying an additional 67,000 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Gambling.com Group by 13.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 398,016 shares of the company’s stock valued at $3,272,000 after acquiring an additional 47,843 shares during the period. Barclays PLC raised its holdings in 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 purchasing an additional 18,656 shares during the period. Hsbc Holdings PLC purchased a new position in Gambling.com Group during the second quarter valued at $115,000. Finally, Renaissance Technologies LLC lifted its position in Gambling.com Group by 4.2% during the second quarter. Renaissance Technologies LLC now owns 298,800 shares of the company’s stock valued at $2,456,000 after purchasing an additional 12,000 shares in the last quarter. Hedge funds and other 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.