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

Benchmark assumed coverage on shares of Gambling.com Group (NASDAQ:GAMB) in a research note released on Wednesday, Marketbeat reports. The brokerage issued a buy rating and a $16.00 price target on the stock.

GAMB has been the topic of a number of other research reports. Jefferies Financial Group raised their target price on shares of Gambling.com Group from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Craig Hallum raised their price objective 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. BTIG Research boosted their target price on shares of Gambling.com Group from $13.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Truist Financial reissued 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. Finally, Macquarie raised their price target on shares of Gambling.com Group from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, Gambling.com Group currently has an average rating of “Buy” and a consensus target price of $16.50.

Gambling.com Group Stock Up 3.0 %

GAMB opened at $14.23 on Wednesday. The firm has a market cap of $529.68 million, a P/E ratio of 18.24 and a beta of 1.00. The business’s fifty day simple moving average is $13.00 and its 200 day simple moving average is $10.70. Gambling.com Group has a 52 week low of $7.51 and a 52 week high of $16.09. 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 Trading of Gambling.com Group

A number of institutional investors have recently modified their holdings of GAMB. Quarry LP lifted its position in Gambling.com Group by 1,997.6% during the 2nd quarter. Quarry LP now owns 12,019 shares of the company’s stock worth $99,000 after buying an additional 11,446 shares in the last quarter. Hsbc Holdings PLC bought a new stake in Gambling.com Group during the second quarter worth about $115,000. MetLife Investment Management LLC boosted its position in Gambling.com Group by 111.2% during the third quarter. MetLife Investment Management LLC now owns 12,384 shares of the company’s stock valued at $124,000 after purchasing an additional 6,519 shares during the last quarter. American Century Companies Inc. grew 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 valued at $128,000 after purchasing an additional 4,276 shares in the last quarter. Finally, Rhumbline Advisers increased its position in shares of Gambling.com Group by 29.8% during the 2nd quarter. Rhumbline Advisers now owns 21,950 shares of the company’s stock worth $180,000 after purchasing an additional 5,043 shares during the last quarter. 72.26% of the stock is currently owned by 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.