Gambling.com Group (NASDAQ:GAMB) Trading Down 5.4% – What’s Next?

Gambling.com Group Limited (NASDAQ:GAMB)’s stock price was down 5.4% during mid-day trading on Wednesday . The company traded as low as $16.25 and last traded at $15.67. Approximately 101,277 shares traded hands during trading, a decline of 73% from the average daily volume of 374,947 shares. The stock had previously closed at $16.56.

Analysts Set New Price Targets

A number of research analysts have issued reports on GAMB shares. Stifel Nicolaus lifted their price objective on Gambling.com Group from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Friday, November 15th. BTIG Research boosted their price target on Gambling.com Group from $13.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Truist Financial restated a “buy” rating and issued a $16.00 price target (up previously from $13.00) on shares of Gambling.com Group in a research note on Friday, November 15th. Macquarie boosted their price target on Gambling.com Group from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Finally, Benchmark boosted their price target on Gambling.com Group from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, Gambling.com Group currently has a consensus rating of “Buy” and a consensus target price of $16.88.

Gambling.com Group Stock Down 5.6 %

The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.20. The company has a market cap of $581.93 million, a P/E ratio of 20.05 and a beta of 0.99. The company has a fifty day moving average of $14.72 and a 200 day moving average of $11.98.

Institutional Trading of Gambling.com Group

Large investors have recently modified their holdings of the company. Global Retirement Partners LLC grew its holdings in shares of Gambling.com Group by 1,613.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,971 shares of the company’s stock worth $28,000 after acquiring an additional 1,856 shares during the period. Russell Investments Group Ltd. grew its holdings in Gambling.com Group by 1,968.4% during the fourth quarter. Russell Investments Group Ltd. now owns 2,420 shares of the company’s stock valued at $34,000 after purchasing an additional 2,303 shares during the period. Quadrant Capital Group LLC grew its holdings in Gambling.com Group by 481.8% during the fourth quarter. Quadrant Capital Group LLC now owns 2,461 shares of the company’s stock valued at $35,000 after purchasing an additional 2,038 shares during the period. IFP Advisors Inc bought a new stake in Gambling.com Group during the fourth quarter valued at about $49,000. Finally, Quarry LP bought a new stake in Gambling.com Group during the fourth quarter valued at about $128,000. Institutional investors own 72.26% of the company’s stock.

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.