Gambling.com Group (NASDAQ:GAMB) Now Covered by Analysts at Benchmark

Equities researchers at Benchmark started coverage on shares of Gambling.com Group (NASDAQ:GAMB) in a report issued on Wednesday, MarketBeat Ratings reports. The firm set a “buy” rating and a $16.00 price target on the stock. Benchmark’s price target points to a potential upside of 12.44% from the stock’s previous close.

Several other brokerages have also recently issued reports on GAMB. Craig Hallum lifted their target price on shares of Gambling.com Group from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Macquarie upped 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. Stifel Nicolaus increased their target price on Gambling.com Group from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Jefferies Financial Group boosted their price target on Gambling.com Group from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Finally, Truist Financial reaffirmed a “buy” rating and set a $16.00 price objective (up from $13.00) on shares of Gambling.com Group in a research report on Friday, November 15th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $16.50.

Gambling.com Group Price Performance

GAMB opened at $14.23 on Wednesday. The firm has a market cap of $529.68 million, a PE ratio of 18.24 and a beta of 1.00. The stock has a 50-day moving average price of $13.09 and a 200-day moving average price of $10.73. Gambling.com Group has a 1 year low of $7.51 and a 1 year high of $16.09. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 1.03.

Institutional Investors Weigh In On Gambling.com Group

Large investors have recently made changes to their positions in the company. Yarra Square Partners LP lifted its stake in shares of Gambling.com Group by 27.2% in the 2nd quarter. Yarra Square Partners LP now owns 312,981 shares of the company’s stock worth $2,573,000 after purchasing an additional 67,000 shares during the period. State Street Corp raised its position in Gambling.com Group by 4.2% in the third quarter. State Street Corp now owns 194,120 shares of the company’s stock worth $1,945,000 after acquiring an additional 7,806 shares during the period. Barclays PLC boosted its stake in shares of Gambling.com Group by 94.0% during the 3rd quarter. Barclays PLC now owns 38,494 shares of the company’s stock worth $385,000 after acquiring an additional 18,656 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Gambling.com Group by 4.2% during the 2nd 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. Finally, American Century Companies Inc. increased its stake in shares of Gambling.com Group by 38.0% in the 2nd 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. 72.26% of the stock is currently owned by institutional investors.

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.