Analysts Set Gambling.com Group Limited (NASDAQ:GAMB) Target Price at $15.00

Shares of Gambling.com Group Limited (NASDAQ:GAMB) have received an average recommendation of “Buy” from the five brokerages that are covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $15.00.

GAMB has been the subject of several research analyst reports. Craig Hallum lifted their price objective on Gambling.com Group from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Truist Financial restated a “buy” rating and set a $16.00 price target (up from $13.00) on shares of Gambling.com Group in a research note on Friday, November 15th. Stifel Nicolaus increased their price objective on shares of Gambling.com Group from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Macquarie boosted their target price 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.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Quarry LP raised its stake in Gambling.com Group by 1,997.6% during the 2nd quarter. Quarry LP now owns 12,019 shares of the company’s stock worth $99,000 after acquiring an additional 11,446 shares during the period. Hsbc Holdings PLC purchased a new stake in shares of Gambling.com Group in the second quarter worth $115,000. MetLife Investment Management LLC raised its position in shares of Gambling.com Group by 111.2% during the 3rd quarter. MetLife Investment Management LLC now owns 12,384 shares of the company’s stock valued at $124,000 after purchasing an additional 6,519 shares during the period. American Century Companies Inc. lifted its stake in shares of Gambling.com Group by 38.0% during the 2nd quarter. American Century Companies Inc. now owns 15,523 shares of the company’s stock valued at $128,000 after buying an additional 4,276 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in Gambling.com Group by 29.8% in the 2nd quarter. Rhumbline Advisers now owns 21,950 shares of the company’s stock worth $180,000 after buying an additional 5,043 shares during the period. 72.26% of the stock is owned by hedge funds and other institutional investors.

Gambling.com Group Trading Up 0.3 %

NASDAQ:GAMB opened at $13.04 on Monday. The company has a market cap of $485.39 million, a PE ratio of 16.72 and a beta of 0.86. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.20. The company has a 50 day simple moving average of $10.26 and a two-hundred day simple moving average of $9.32. Gambling.com Group has a 12 month low of $7.51 and a 12 month high of $13.19.

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.