Gambling.com Group (NASDAQ:GAMB) Stock Price Expected to Rise, BTIG Research Analyst Says

Gambling.com Group (NASDAQ:GAMB) had its price objective raised by equities research analysts at BTIG Research from $13.00 to $19.00 in a report issued on Friday, Marketbeat Ratings reports. The brokerage currently has a “buy” rating on the stock. BTIG Research’s price target suggests a potential upside of 22.58% from the company’s current price.

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

Gambling.com Group Stock Down 0.8 %

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

Institutional Trading of Gambling.com Group

Several hedge funds have recently modified their holdings of GAMB. Yarra Square Partners LP grew its position in 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 acquiring an additional 67,000 shares during the last quarter. Renaissance Technologies LLC raised its position in Gambling.com Group by 4.2% in the 2nd quarter. Renaissance Technologies LLC now owns 298,800 shares of the company’s stock valued at $2,456,000 after purchasing an additional 12,000 shares during the last quarter. American Century Companies Inc. boosted its stake in Gambling.com Group by 38.0% in 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 in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of 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 purchasing an additional 47,843 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Gambling.com Group by 5.3% in the second quarter. Bank of New York Mellon Corp now owns 41,714 shares of the company’s stock valued at $343,000 after buying an additional 2,090 shares in the last quarter. Institutional investors and hedge funds 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.