Gambling.com Group’s (GAMB) “Buy” Rating Reiterated at Truist Financial

Truist Financial reaffirmed their buy rating on shares of Gambling.com Group (NASDAQ:GAMB) in a research report released on Friday,Benzinga reports. The brokerage currently has a $16.00 price objective on the stock, up from their prior price objective of $13.00.

Separately, Craig Hallum upped their price objective on Gambling.com Group from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Gambling.com Group presently has a consensus rating of “Buy” and a consensus price target of $15.00.

Gambling.com Group Price Performance

Shares of NASDAQ GAMB opened at $11.96 on Friday. The company has a market capitalization of $445.15 million, a PE ratio of 15.33 and a beta of 0.86. 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’s 50 day moving average price is $10.04 and its 200-day moving average price is $9.22. Gambling.com Group has a twelve month low of $7.51 and a twelve month high of $13.00.

Institutional Trading of Gambling.com Group

Large investors have recently bought and sold shares of the company. Quarry LP lifted its position in shares of Gambling.com Group by 1,997.6% during the 2nd quarter. Quarry LP now owns 12,019 shares of the company’s stock valued at $99,000 after buying an additional 11,446 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in Gambling.com Group during the second quarter valued at about $115,000. MetLife Investment Management LLC boosted its position in Gambling.com Group by 111.2% during the third 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 period. American Century Companies Inc. boosted its position in Gambling.com Group by 38.0% during the second 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 period. Finally, Rhumbline Advisers increased its stake in shares of Gambling.com Group by 29.8% in the second quarter. Rhumbline Advisers now owns 21,950 shares of the company’s stock worth $180,000 after purchasing an additional 5,043 shares in the last quarter. 72.26% of the stock is owned by hedge funds and other 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.