Gambling.com Group Limited (NASDAQ:GAMB) Receives $15.00 Consensus Price Target from Analysts

Shares of Gambling.com Group Limited (NASDAQ:GAMB) have earned a consensus recommendation of “Buy” from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have covered the stock in the last year is $16.57.

Several equities research analysts have weighed in on GAMB shares. Macquarie lifted their price target on shares of Gambling.com Group from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Jefferies Financial Group lifted their price target 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, December 13th. Truist Financial reaffirmed a “buy” rating and issued a $16.00 price target (up from $13.00) on shares of Gambling.com Group in a research note on Friday, November 15th. Stifel Nicolaus lifted their price target on shares of Gambling.com Group from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Craig Hallum lifted their price target on shares of Gambling.com Group from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, December 13th.

Gambling.com Group Price Performance

Shares of NASDAQ GAMB opened at $15.95 on Friday. Gambling.com Group has a twelve month low of $7.51 and a twelve month high of $16.09. The firm has a fifty day simple moving average of $11.53 and a 200 day simple moving average of $9.98. The company has a market capitalization of $593.71 million, a PE ratio of 20.45 and a beta of 1.02. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.20.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GAMB. Wedge Capital Management L L P NC boosted its holdings 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 purchasing an additional 134,620 shares during the last quarter. Yarra Square Partners LP boosted its holdings in Gambling.com Group by 27.2% during the second 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 last quarter. Dimensional Fund Advisors LP boosted its stake 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 acquiring an additional 47,843 shares during the last quarter. Barclays PLC boosted its stake in Gambling.com Group by 94.0% in the third quarter. Barclays PLC now owns 38,494 shares of the company’s stock valued at $385,000 after acquiring an additional 18,656 shares during the last quarter. Finally, Hsbc Holdings PLC purchased a new position in Gambling.com Group in the second quarter valued at about $115,000. 72.26% of the stock is currently 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.