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

Gambling.com Group (NASDAQ:GAMB) had its target price increased by investment analysts at Benchmark from $16.00 to $18.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Benchmark’s price objective points to a potential upside of 14.07% from the stock’s previous close.

A number of other analysts also recently weighed in on GAMB. 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 research report on Monday, November 18th. BTIG Research boosted their price target on Gambling.com Group from $13.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Jefferies Financial Group lifted their price objective on Gambling.com Group from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Craig Hallum upped their price target on shares of Gambling.com Group from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Finally, Stifel Nicolaus raised their price objective on shares of Gambling.com Group from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $16.88.

Gambling.com Group Trading Down 1.3 %

GAMB stock traded down $0.21 during trading on Tuesday, reaching $15.78. The company had a trading volume of 99,154 shares, compared to its average volume of 365,019. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 1.03. Gambling.com Group has a 52 week low of $7.51 and a 52 week high of $16.78. The business has a 50 day moving average of $14.34 and a 200 day moving average of $11.68. The company has a market cap of $587.33 million, a P/E ratio of 20.26 and a beta of 0.99.

Institutional Investors Weigh In On Gambling.com Group

A number of large investors have recently made changes to their positions in the company. Global Retirement Partners LLC raised its stake in shares of Gambling.com Group by 1,613.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,971 shares of the company’s stock worth $28,000 after buying an additional 1,856 shares during the period. IFP Advisors Inc purchased a new position in Gambling.com Group during the fourth quarter valued at approximately $49,000. MetLife Investment Management LLC increased its stake in shares of 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 purchasing an additional 6,519 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of Gambling.com Group during the 4th quarter valued at $146,000. Finally, New York State Common Retirement Fund lifted its stake in shares of Gambling.com Group by 138.4% during the 4th quarter. New York State Common Retirement Fund now owns 10,497 shares of the company’s stock valued at $148,000 after buying an additional 6,093 shares in the last quarter. 72.26% of the stock is currently owned by institutional investors.

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.