Jefferies Financial Group Issues Positive Forecast for Gambling.com Group (NASDAQ:GAMB) Stock Price

Gambling.com Group (NASDAQ:GAMB) had its price objective increased by equities researchers at Jefferies Financial Group from $20.00 to $21.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 52.51% from the stock’s current price.

Several other brokerages also recently issued reports on GAMB. Stifel Nicolaus increased 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 report on Friday, November 15th. Macquarie raised their price target on shares of Gambling.com Group from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Monday, November 18th. 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 research note on Friday, November 15th. BTIG Research upped their price objective on shares of Gambling.com Group from $13.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Finally, Craig Hallum lifted their target price on Gambling.com Group from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Gambling.com Group has an average rating of “Buy” and a consensus target price of $16.63.

Gambling.com Group Price Performance

GAMB stock opened at $13.77 on Wednesday. The firm has a market cap of $512.52 million, a P/E ratio of 17.65 and a beta of 1.00. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.03 and a current ratio of 1.03. Gambling.com Group has a 1 year low of $7.51 and a 1 year high of $16.09. The stock has a 50-day simple moving average of $13.42 and a 200-day simple moving average of $10.90.

Institutional Investors Weigh In On Gambling.com Group

A number of institutional investors have recently modified their holdings of GAMB. Dimensional Fund Advisors LP grew its stake in 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 in the last quarter. Yarra Square Partners LP lifted its holdings in 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 last quarter. Renaissance Technologies LLC grew its position in shares of Gambling.com Group by 4.2% in 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 in the last quarter. State Street Corp increased its holdings in shares of Gambling.com Group by 4.2% in the 3rd quarter. State Street Corp now owns 194,120 shares of the company’s stock valued at $1,945,000 after acquiring an additional 7,806 shares during the last quarter. Finally, Bank of New York Mellon Corp raised 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 valued at $343,000 after acquiring an additional 2,090 shares in 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.