Craig Hallum Increases Gambling.com Group (NASDAQ:GAMB) Price Target to $18.00

Gambling.com Group (NASDAQ:GAMB) had its target price raised by equities research analysts at Craig Hallum from $16.00 to $18.00 in a report issued on Friday, Marketbeat Ratings reports. The firm currently has a “buy” rating on the stock. Craig Hallum’s target price suggests a potential upside of 16.13% from the company’s previous close.

Several other equities analysts have also recently issued reports on the company. Stifel Nicolaus lifted 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. Truist Financial reiterated a “buy” rating and issued a $16.00 price objective (up from $13.00) on shares of Gambling.com Group in a research report on Friday, November 15th. Jefferies Financial Group raised their target price on shares of Gambling.com Group from $18.00 to $20.00 and gave the company a “buy” rating in a report on Friday. Finally, Macquarie lifted their target price on shares of Gambling.com Group from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Gambling.com Group presently has a consensus rating of “Buy” and an average target price of $16.57.

Gambling.com Group Stock Down 0.8 %

Shares of NASDAQ GAMB opened at $15.50 on Friday. The stock has a market capitalization of $576.96 million, a price-to-earnings ratio of 19.87 and a beta of 1.02. Gambling.com Group has a 52 week low of $7.51 and a 52 week high of $16.09. The firm has a 50-day moving average price of $11.30 and a 200 day moving average price of $9.86. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.20.

Hedge Funds Weigh In On Gambling.com Group

Several institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its holdings in Gambling.com Group by 13.7% in the second quarter. Dimensional Fund Advisors LP now owns 398,016 shares of the company’s stock valued at $3,272,000 after purchasing an additional 47,843 shares during the period. Yarra Square Partners LP boosted its holdings in Gambling.com Group by 27.2% in the second quarter. Yarra Square Partners LP now owns 312,981 shares of the company’s stock valued at $2,573,000 after acquiring an additional 67,000 shares during the last quarter. Renaissance Technologies LLC grew its position in Gambling.com Group by 4.2% during the second quarter. Renaissance Technologies LLC now owns 298,800 shares of the company’s stock valued at $2,456,000 after acquiring an additional 12,000 shares during the period. Wedge Capital Management L L P NC increased its stake in Gambling.com Group by 197.7% during the second quarter. Wedge Capital Management L L P NC now owns 202,727 shares of the company’s stock worth $1,666,000 after acquiring an additional 134,620 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Gambling.com Group by 4.2% in 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 period. 72.26% of the stock is currently owned by institutional investors and hedge funds.

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.