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

Gambling.com Group Limited (NASDAQ:GAMB) has received a consensus recommendation of “Buy” from the five analysts that are presently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy rating. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $15.00.

A number of brokerages have commented on GAMB. Macquarie increased their price objective on Gambling.com Group from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Truist Financial reiterated a “buy” rating and issued a $16.00 price target (up previously from $13.00) on shares of Gambling.com Group in a report on Friday, November 15th. Stifel Nicolaus boosted their price objective on Gambling.com Group from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Craig Hallum raised their target price on shares of Gambling.com Group from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, November 15th.

Gambling.com Group Stock Up 0.3 %

GAMB opened at $13.04 on Monday. The firm has a market cap of $485.35 million, a price-to-earnings ratio of 16.72 and a beta of 0.86. 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’s 50-day simple moving average is $10.26 and its 200-day simple moving average is $9.32. Gambling.com Group has a twelve month low of $7.51 and a twelve month high of $13.19.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in GAMB. Clearbridge Investments LLC raised its position in Gambling.com Group by 10.4% during the first quarter. Clearbridge Investments LLC now owns 972,250 shares of the company’s stock valued at $8,877,000 after purchasing an additional 91,799 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of 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 buying an additional 47,843 shares in the last quarter. Yarra Square Partners LP lifted its position in shares of Gambling.com Group by 27.2% during the 2nd quarter. Yarra Square Partners LP now owns 312,981 shares of the company’s stock worth $2,573,000 after buying an additional 67,000 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Gambling.com Group by 4.2% in the second quarter. Renaissance Technologies LLC now owns 298,800 shares of the company’s stock valued at $2,456,000 after buying an additional 12,000 shares in the last quarter. Finally, Wedge Capital Management L L P NC grew its position in Gambling.com Group by 197.7% in the second quarter. Wedge Capital Management L L P NC now owns 202,727 shares of the company’s stock valued at $1,666,000 after acquiring an additional 134,620 shares during the last quarter. Institutional investors and hedge funds own 72.26% of the company’s stock.

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.