Gambling.com Group (NASDAQ:GAMB) Receives Buy Rating from Benchmark

Benchmark reaffirmed their buy rating on shares of Gambling.com Group (NASDAQ:GAMB) in a report released on Thursday,Benzinga reports. They currently have a $18.00 price target on the stock.

Several other research firms have also commented on GAMB. Truist Financial reaffirmed a “buy” rating and set a $16.00 price objective (up from $13.00) on shares of Gambling.com Group in a research note on Friday, November 15th. Macquarie lifted their price target on shares of Gambling.com Group from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. 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 report on Friday, November 15th. Jefferies Financial Group boosted their target price on Gambling.com Group from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Finally, BTIG Research upped their target price on Gambling.com Group from $13.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $16.88.

Gambling.com Group Price Performance

NASDAQ:GAMB opened at $14.63 on Thursday. The firm has a market capitalization of $544.53 million, a price-to-earnings ratio of 18.76 and a beta of 0.99. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 1.03. The business has a 50 day simple moving average of $14.76 and a 200-day simple moving average of $12.10. Gambling.com Group has a 1 year low of $7.51 and a 1 year high of $17.14.

Institutional Trading of Gambling.com Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Barclays PLC increased its holdings in Gambling.com Group by 94.0% during the 3rd quarter. Barclays PLC now owns 38,494 shares of the company’s stock worth $385,000 after purchasing an additional 18,656 shares during the period. Gagnon Securities LLC bought a new position in shares of Gambling.com Group during the 4th quarter worth $317,000. State Street Corp increased its stake in shares of Gambling.com Group by 4.2% during the third quarter. State Street Corp now owns 194,120 shares of the company’s stock valued at $1,945,000 after buying an additional 7,806 shares during the period. SG Americas Securities LLC bought a new stake in shares of Gambling.com Group in the fourth quarter valued at about $163,000. Finally, MetLife Investment Management LLC lifted its stake in Gambling.com Group by 111.2% in the third quarter. MetLife Investment Management LLC now owns 12,384 shares of the company’s stock worth $124,000 after acquiring an additional 6,519 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.