Gambling.com Group’s (GAMB) “Buy” Rating Reaffirmed at Benchmark

Gambling.com Group (NASDAQ:GAMB)‘s stock had its “buy” rating restated by equities researchers at Benchmark in a report issued on Thursday,Benzinga reports. They currently have a $18.00 price target on the stock. Benchmark’s price target indicates a potential upside of 14.61% from the company’s current price.

Several other brokerages have also recently issued reports on GAMB. Craig Hallum increased 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. Truist Financial reiterated a “buy” rating and set a $16.00 target price (up from $13.00) on shares of Gambling.com Group in a report on Friday, November 15th. Stifel Nicolaus increased their target price on shares of Gambling.com Group from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Jefferies Financial Group increased their target price on shares of Gambling.com Group from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Finally, Macquarie increased their target price 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. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $16.88.

Gambling.com Group Trading Down 1.4 %

Shares of NASDAQ GAMB traded down $0.22 during mid-day trading on Thursday, reaching $15.71. The company had a trading volume of 41,738 shares, compared to its average volume of 403,466. The business’s 50-day moving average is $14.77 and its 200-day moving average is $12.01. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.20. The stock has a market cap of $584.54 million, a price-to-earnings ratio of 20.06 and a beta of 0.99. Gambling.com Group has a 52 week low of $7.51 and a 52 week high of $17.14.

Institutional Trading of Gambling.com Group

A number of institutional investors have recently modified their holdings of the company. AWM Investment Company Inc. boosted its holdings in shares of Gambling.com Group by 9.8% in the 4th quarter. AWM Investment Company Inc. now owns 1,517,259 shares of the company’s stock valued at $21,363,000 after buying an additional 135,000 shares in the last quarter. G2 Investment Partners Management LLC raised its position in shares of Gambling.com Group by 22.8% in the 4th quarter. G2 Investment Partners Management LLC now owns 825,147 shares of the company’s stock valued at $11,618,000 after purchasing an additional 153,173 shares during the last quarter. Driehaus Capital Management LLC purchased a new position in shares of Gambling.com Group in the 4th quarter valued at approximately $7,168,000. Dimensional Fund Advisors LP raised its position in shares of Gambling.com Group by 12.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 503,426 shares of the company’s stock valued at $7,089,000 after purchasing an additional 56,268 shares during the last quarter. Finally, Topline Capital Management LLC purchased a new position in shares of Gambling.com Group in the 4th quarter valued at approximately $6,700,000. 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.