Gambling.com Group Limited (NASDAQ:GAMB) Receives $16.88 Consensus Target Price from Brokerages

Shares of Gambling.com Group Limited (NASDAQ:GAMB) have received a consensus rating of “Buy” from the eight brokerages that are presently covering the firm, Marketbeat Ratings reports. Eight research analysts have rated the stock with a buy rating. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $16.88.

GAMB has been the subject of a number of recent research reports. Macquarie raised their price objective 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. Jefferies Financial Group raised their price objective on shares of Gambling.com Group from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Stifel Nicolaus raised 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 note on Friday, November 15th. Craig Hallum raised their price objective 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, Truist Financial reissued 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.

Gambling.com Group Trading Up 0.1 %

Shares of Gambling.com Group stock opened at $14.22 on Wednesday. The company has a 50-day moving average of $14.67 and a two-hundred day moving average of $12.26. The stock has a market cap of $529.31 million, a PE ratio of 18.23 and a beta of 0.99. Gambling.com Group has a 12-month low of $7.51 and a 12-month high of $17.14. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.20.

Institutional Trading of Gambling.com Group

Several institutional investors have recently made changes to their positions in GAMB. Driehaus Capital Management LLC purchased a new stake in shares of Gambling.com Group during the 4th quarter valued at $7,168,000. Topline Capital Management LLC acquired a new position in shares of Gambling.com Group during the 4th quarter valued at $6,700,000. Hillsdale Investment Management Inc. lifted its holdings in shares of Gambling.com Group by 1,320.6% during the 4th quarter. Hillsdale Investment Management Inc. now owns 339,531 shares of the company’s stock valued at $4,781,000 after acquiring an additional 315,631 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of Gambling.com Group by 501.1% during the 4th quarter. Marshall Wace LLP now owns 323,781 shares of the company’s stock valued at $4,559,000 after acquiring an additional 269,916 shares in the last quarter. Finally, Orvieto Partners L.P. acquired a new position in shares of Gambling.com Group during the 4th quarter valued at $3,098,000. 72.26% of the stock is owned by hedge funds and other institutional investors.

Gambling.com Group Company Profile

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.