Gambling.com Group (NASDAQ:GAMB) Hits New 52-Week High – Time to Buy?

Gambling.com Group Limited (NASDAQ:GAMB) reached a new 52-week high on Wednesday . The company traded as high as $16.60 and last traded at $16.60, with a volume of 415 shares traded. The stock had previously closed at $15.95.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GAMB. Truist Financial reaffirmed a “buy” rating and set a $16.00 price target (up from $13.00) on shares of Gambling.com Group in a research note on Friday, November 15th. Macquarie raised 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 report on Monday, November 18th. Jefferies Financial Group boosted 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 target on shares of Gambling.com Group from $16.00 to $18.00 and gave the company a “buy” rating in a report on Friday, December 13th. Finally, 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 research report on Friday, November 15th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Gambling.com Group has an average rating of “Buy” and a consensus price target of $16.57.

Gambling.com Group Stock Up 2.1 %

The firm has a market cap of $555.74 million, a price-to-earnings ratio of 19.14 and a beta of 1.02. The firm has a 50-day moving average of $11.74 and a two-hundred day moving average of $10.05. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.20.

Institutional Investors Weigh In On Gambling.com Group

Hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp raised its stake in Gambling.com Group by 5.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 41,714 shares of the company’s stock valued at $343,000 after purchasing an additional 2,090 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Gambling.com Group by 29.8% in the second quarter. Rhumbline Advisers now owns 21,950 shares of the company’s stock valued at $180,000 after buying an additional 5,043 shares during the period. American Century Companies Inc. grew its position in Gambling.com Group by 38.0% during the second quarter. American Century Companies Inc. now owns 15,523 shares of the company’s stock worth $128,000 after buying an additional 4,276 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Gambling.com Group by 13.7% during 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 period. Finally, Renaissance Technologies LLC raised its holdings in Gambling.com Group by 4.2% in 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 in the last quarter. 72.26% of the stock is 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.