Gambling.com Group Limited (NASDAQ:GAMB) Given Average Recommendation of “Buy” by Brokerages

Gambling.com Group Limited (NASDAQ:GAMB) has earned a consensus rating of “Buy” from the eight analysts that are covering the stock, Marketbeat Ratings reports. Eight research analysts have rated the stock with a buy rating. The average twelve-month price objective among brokerages that have covered the stock in the last year is $16.63.

GAMB has been the subject of several recent analyst reports. Craig Hallum raised their target price on Gambling.com Group from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Jefferies Financial Group lifted their target price 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. Benchmark initiated coverage on shares of Gambling.com Group in a research report on Wednesday, January 8th. They issued a “buy” rating and a $16.00 price target for the company. BTIG Research boosted their price objective on shares of Gambling.com Group from $13.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Finally, Stifel Nicolaus increased their target price 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.

Gambling.com Group Trading Up 1.2 %

Gambling.com Group stock opened at $16.18 on Friday. Gambling.com Group has a 52 week low of $7.51 and a 52 week high of $16.78. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market capitalization of $602.22 million, a price-to-earnings ratio of 20.74 and a beta of 0.99. The company has a 50 day moving average price of $14.29 and a 200 day moving average price of $11.60.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its position in Gambling.com Group by 13.7% during the second quarter. Dimensional Fund Advisors LP now owns 398,016 shares of the company’s stock worth $3,272,000 after buying an additional 47,843 shares during the last quarter. State Street Corp lifted its position in shares of Gambling.com Group by 4.2% during the 3rd quarter. State Street Corp now owns 194,120 shares of the company’s stock worth $1,945,000 after purchasing an additional 7,806 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in Gambling.com Group during the 4th quarter valued at approximately $2,280,000. Wakefield Asset Management LLLP bought a new position in Gambling.com Group in the 4th quarter worth approximately $986,000. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of Gambling.com Group by 2.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 49,799 shares of the company’s stock worth $701,000 after buying an additional 1,325 shares during the last quarter. 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.