Brokerages Set Gambling.com Group Limited (NASDAQ:GAMB) PT at $9.07

Shares of Gambling.com Group Limited (NASDAQ:GAMB) have been given a consensus recommendation of “Moderate Buy” by the nine ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $8.6250.

Several equities research analysts recently weighed in on the stock. Benchmark reduced their target price on shares of Gambling.com Group from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Tuesday, January 20th. Truist Financial set a $5.00 price target on Gambling.com Group in a research note on Thursday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Gambling.com Group in a report on Thursday, January 22nd. Macquarie Infrastructure decreased their price objective on Gambling.com Group from $14.00 to $9.00 and set an “outperform” rating on the stock in a report on Friday, November 14th. Finally, Glj Research set a $7.50 price objective on Gambling.com Group in a research report on Thursday.

Institutional Investors Weigh In On Gambling.com Group

Institutional investors have recently bought and sold shares of the business. G2 Investment Partners Management LLC increased its holdings in Gambling.com Group by 70.9% in the 2nd quarter. G2 Investment Partners Management LLC now owns 1,802,443 shares of the company’s stock valued at $21,431,000 after buying an additional 747,559 shares during the period. AWM Investment Company Inc. lifted its holdings in shares of Gambling.com Group by 0.3% during the 2nd quarter. AWM Investment Company Inc. now owns 1,494,915 shares of the company’s stock worth $17,775,000 after acquiring an additional 5,000 shares during the period. Millennium Management LLC boosted its position in shares of Gambling.com Group by 231.9% during the 3rd quarter. Millennium Management LLC now owns 1,231,370 shares of the company’s stock valued at $10,073,000 after acquiring an additional 860,369 shares in the last quarter. Boothbay Fund Management LLC boosted its position in shares of Gambling.com Group by 225.2% during the 2nd quarter. Boothbay Fund Management LLC now owns 669,989 shares of the company’s stock valued at $7,966,000 after acquiring an additional 463,993 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Gambling.com Group by 3.2% in the third quarter. Dimensional Fund Advisors LP now owns 632,330 shares of the company’s stock valued at $5,173,000 after acquiring an additional 19,592 shares during the period. Institutional investors and hedge funds own 72.26% of the company’s stock.

Gambling.com Group Stock Performance

NASDAQ GAMB opened at $4.35 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.46 and a quick ratio of 0.46. The firm has a market capitalization of $155.35 million, a price-to-earnings ratio of 87.02 and a beta of 0.88. The company’s fifty day moving average is $4.63 and its two-hundred day moving average is $6.10. Gambling.com Group has a 52-week low of $3.98 and a 52-week high of $14.95.

Gambling.com Group Company Profile

Gambling.com Group is a digital performance marketing company specializing in the online gambling industry. Through a diversified portfolio of affiliate websites, the company generates leads and traffic for operators in segments such as sports betting, online casino, poker, bingo and daily fantasy sports. Its platforms offer in-depth reviews, expert guides, comparison tools and editorial content designed to help players make informed choices and drive conversions for partner brands.

The group’s service offerings include search engine optimization, pay-per-click campaigns, display advertising, email marketing and social media management.