Gambling.com Group (NASDAQ:GAMB) Price Target Raised to $18.00

Gambling.com Group (NASDAQ:GAMB) had its target price lifted by Craig Hallum from $16.00 to $18.00 in a research note issued to investors on Friday morning, MarketBeat Ratings reports. The firm currently has a buy rating on the stock.

A number of other analysts also recently weighed in on the company. Macquarie upped their target price on Gambling.com Group from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Jefferies Financial Group upped their price objective on shares of Gambling.com Group from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday. Truist Financial reissued a “buy” rating and issued a $16.00 target price (up from $13.00) on shares of Gambling.com Group in a report on Friday, November 15th. Finally, Stifel Nicolaus upped their price target on shares of Gambling.com Group from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $16.57.

Gambling.com Group Trading Down 0.8 %

Shares of GAMB stock opened at $15.50 on Friday. The stock has a market cap of $576.96 million, a P/E ratio of 19.87 and a beta of 1.02. Gambling.com Group has a 1 year low of $7.51 and a 1 year high of $16.09. 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 stock has a 50 day simple moving average of $11.30 and a 200 day simple moving average of $9.87.

Hedge Funds Weigh In On Gambling.com Group

A number of institutional investors have recently added to or reduced their stakes in GAMB. Yarra Square Partners LP grew its stake 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 buying an additional 67,000 shares during the last quarter. Renaissance Technologies LLC grew its position in 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 acquiring an additional 12,000 shares during the last quarter. American Century Companies Inc. increased its holdings in Gambling.com Group by 38.0% in the 2nd quarter. American Century Companies Inc. now owns 15,523 shares of the company’s stock worth $128,000 after purchasing an additional 4,276 shares in the last quarter. Dimensional Fund Advisors LP raised its position 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 valued at $3,272,000 after purchasing an additional 47,843 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Gambling.com Group by 5.3% during the second quarter. Bank of New York Mellon Corp now owns 41,714 shares of the company’s stock valued at $343,000 after purchasing an additional 2,090 shares in the last quarter. 72.26% of the stock is currently owned by institutional investors and hedge funds.

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.