Gambling.com Group (NASDAQ:GAMB) Earns Buy Rating from Analysts at Benchmark

Analysts at Benchmark started coverage on shares of Gambling.com Group (NASDAQ:GAMB) in a research report issued on Wednesday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $16.00 price target on the stock. Benchmark’s price objective would suggest a potential upside of 15.86% from the company’s current price.

GAMB has been the topic of a number of other research reports. BTIG Research increased 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. Stifel Nicolaus raised their price objective on Gambling.com Group from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Macquarie upped their target price on shares of Gambling.com Group from $14.00 to $16.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Truist Financial reiterated a “buy” rating and set a $16.00 price objective (up previously from $13.00) on shares of Gambling.com Group in a research report on Friday, November 15th. Finally, Jefferies Financial Group increased their target price on Gambling.com Group from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Eight analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $16.50.

Gambling.com Group Stock Performance

Shares of GAMB opened at $13.81 on Wednesday. Gambling.com Group has a 52 week low of $7.51 and a 52 week high of $16.09. The stock has a market cap of $514.05 million, a P/E ratio of 17.71 and a beta of 1.00. The business’s 50 day moving average price is $12.91 and its 200-day moving average price is $10.68. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.20.

Institutional Investors Weigh In On Gambling.com Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Yarra Square Partners LP increased its position in shares of Gambling.com Group by 27.2% during the second quarter. Yarra Square Partners LP now owns 312,981 shares of the company’s stock worth $2,573,000 after acquiring an additional 67,000 shares during the period. State Street Corp increased 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 purchasing an additional 7,806 shares during the period. Barclays PLC raised its position in Gambling.com Group by 94.0% during the 3rd quarter. Barclays PLC now owns 38,494 shares of the company’s stock valued at $385,000 after purchasing an additional 18,656 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Gambling.com Group by 4.2% during the 2nd quarter. Renaissance Technologies LLC now owns 298,800 shares of the company’s stock worth $2,456,000 after buying an additional 12,000 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Gambling.com Group by 38.0% during the second 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 during the period. Institutional investors 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.