Gambling.com Group (NASDAQ:GAMB) Price Target Raised to $16.00

Gambling.com Group (NASDAQ:GAMB) had its target price raised by Macquarie from $14.00 to $16.00 in a report released on Monday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other research analysts have also recently commented on GAMB. Stifel Nicolaus boosted their target price on Gambling.com Group from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday. Truist Financial restated a “buy” rating and set a $16.00 target price (up from $13.00) on shares of Gambling.com Group in a research note on Friday. Finally, Craig Hallum lifted their price target on shares of Gambling.com Group from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $15.00.

Gambling.com Group Stock Performance

Shares of GAMB stock opened at $11.96 on Monday. Gambling.com Group has a 52 week low of $7.51 and a 52 week high of $13.00. The firm has a 50 day moving average of $10.04 and a two-hundred day moving average of $9.22. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $445.15 million, a PE ratio of 15.33 and a beta of 0.86.

Hedge Funds Weigh In On Gambling.com Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Clearbridge Investments LLC boosted its holdings in shares of Gambling.com Group by 10.4% in the 1st quarter. Clearbridge Investments LLC now owns 972,250 shares of the company’s stock valued at $8,877,000 after buying an additional 91,799 shares in the last quarter. Yarra Square Partners LP boosted its stake in Gambling.com Group by 27.2% in the second quarter. Yarra Square Partners LP now owns 312,981 shares of the company’s stock valued at $2,573,000 after acquiring an additional 67,000 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Gambling.com Group by 4.2% during the second quarter. Renaissance Technologies LLC now owns 298,800 shares of the company’s stock worth $2,456,000 after purchasing an additional 12,000 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Gambling.com Group by 38.0% in the 2nd quarter. American Century Companies Inc. now owns 15,523 shares of the company’s stock valued at $128,000 after purchasing an additional 4,276 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Gambling.com Group by 13.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 398,016 shares of the company’s stock worth $3,272,000 after purchasing an additional 47,843 shares during the last quarter. 72.26% of the stock is owned by institutional investors and hedge funds.

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.