Gambling.com Group Limited (NASDAQ:GAMB) Receives Average Rating of “Buy” from Analysts

Shares of Gambling.com Group Limited (NASDAQ:GAMB) have been given a consensus recommendation of “Buy” by the five research firms that are presently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a buy rating. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $15.00.

GAMB has been the topic of several recent analyst reports. Stifel Nicolaus raised their target price on shares of Gambling.com Group from $13.00 to $14.00 and gave the company a “buy” rating in a report on Friday, November 15th. Truist Financial reissued a “buy” rating and issued a $16.00 price objective (up from $13.00) on shares of Gambling.com Group in a research note on Friday, November 15th. Craig Hallum lifted their price target on Gambling.com Group from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Macquarie boosted their price target on Gambling.com Group from $14.00 to $16.00 and gave the stock an “outperform” rating in a report on Monday, November 18th.

Gambling.com Group Price Performance

Shares of Gambling.com Group stock opened at $15.63 on Friday. Gambling.com Group has a twelve month low of $7.51 and a twelve month high of $16.09. The company has a 50-day simple moving average of $11.19 and a two-hundred day simple moving average of $9.79. The stock has a market capitalization of $581.80 million, a price-to-earnings ratio of 20.04 and a beta of 1.02. 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

Large investors have recently bought and sold shares of the stock. Wedge Capital Management L L P NC lifted its stake in shares of Gambling.com Group by 197.7% in the second quarter. Wedge Capital Management L L P NC now owns 202,727 shares of the company’s stock valued at $1,666,000 after buying an additional 134,620 shares in the last quarter. Yarra Square Partners LP raised its holdings in shares of Gambling.com Group by 27.2% in the 2nd 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 last quarter. Dimensional Fund Advisors LP lifted its position in Gambling.com Group by 13.7% in 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 in the last quarter. Barclays PLC boosted its stake 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 during the last quarter. Finally, Hsbc Holdings PLC bought a new stake in Gambling.com Group during the 2nd quarter worth approximately $115,000. 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.