Gambling.com Group (NASDAQ:GAMB) Price Target Raised to $21.00 at Jefferies Financial Group

Gambling.com Group (NASDAQ:GAMB) had its price objective increased by Jefferies Financial Group from $20.00 to $21.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

GAMB has been the subject of several other reports. 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. Macquarie upped their target price on shares of Gambling.com Group from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Craig Hallum upped their target price on shares of Gambling.com Group from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Benchmark started coverage on shares of Gambling.com Group in a research note on Wednesday, January 8th. They issued a “buy” rating and a $16.00 price target for the company. Finally, Stifel Nicolaus increased their target price 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 research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $16.63.

Gambling.com Group Trading Up 4.2 %

Shares of Gambling.com Group stock opened at $14.09 on Wednesday. Gambling.com Group has a 12-month low of $7.51 and a 12-month high of $16.09. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average of $13.33 and a two-hundred day moving average of $10.88. The stock has a market cap of $524.43 million, a PE ratio of 18.06 and a beta of 1.00.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GAMB. Quarry LP lifted its holdings in Gambling.com Group by 1,997.6% during the 2nd quarter. Quarry LP now owns 12,019 shares of the company’s stock worth $99,000 after purchasing an additional 11,446 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in Gambling.com Group by 111.2% during the 3rd 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 during the last quarter. Hsbc Holdings PLC acquired a new stake in Gambling.com Group during the 2nd quarter worth approximately $115,000. American Century Companies Inc. lifted its holdings in Gambling.com Group by 38.0% during the 2nd quarter. American Century Companies Inc. now owns 15,523 shares of the company’s stock worth $128,000 after purchasing an additional 4,276 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in Gambling.com Group by 29.8% during the 2nd quarter. Rhumbline Advisers now owns 21,950 shares of the company’s stock worth $180,000 after purchasing an additional 5,043 shares during 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.