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

Gambling.com Group Limited (NASDAQ:GAMB) has been assigned a consensus rating of “Buy” from the five research firms that are presently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have covered the stock in the last year is $15.00.

Several equities analysts have recently weighed in on GAMB shares. Craig Hallum lifted their target price on shares of Gambling.com Group from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Macquarie lifted their price objective 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. Stifel Nicolaus boosted their target price on shares of Gambling.com Group from $13.00 to $14.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, 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 report on Friday, November 15th.

Institutional Investors Weigh In On Gambling.com Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its stake in Gambling.com Group by 13.7% in 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 holdings 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 acquiring an additional 67,000 shares during the last quarter. Renaissance Technologies LLC grew its position in Gambling.com Group by 4.2% in the second quarter. Renaissance Technologies LLC now owns 298,800 shares of the company’s stock worth $2,456,000 after acquiring an additional 12,000 shares in the last quarter. Wedge Capital Management L L P NC increased its stake 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. Finally, State Street Corp raised its position in Gambling.com Group by 4.2% during the third quarter. State Street Corp now owns 194,120 shares of the company’s stock valued at $1,945,000 after purchasing an additional 7,806 shares in the last quarter. Hedge funds and other institutional investors own 72.26% of the company’s stock.

Gambling.com Group Trading Up 17.8 %

Shares of GAMB opened at $15.63 on Friday. Gambling.com Group has a fifty-two week low of $7.51 and a fifty-two week high of $16.09. The business has a 50-day moving average of $11.19 and a 200 day moving average of $9.79. The firm has a market cap of $581.80 million, a P/E ratio of 20.04 and a beta of 1.02. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.03 and a current ratio of 1.03.

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.