Gambling.com Group (NASDAQ:GAMB) Stock Price Expected to Rise, Macquarie Analyst Says

Gambling.com Group (NASDAQ:GAMB) had its price objective hoisted by Macquarie from $14.00 to $16.00 in a report published on Monday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

Other analysts also recently issued research reports about the stock. Stifel Nicolaus upped their price target 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. Truist Financial reaffirmed a “buy” rating and issued a $16.00 target price (up previously from $13.00) on shares of Gambling.com Group in a research note on Friday, November 15th. Finally, Craig Hallum increased their target price on Gambling.com Group from $14.00 to $16.00 and gave the company a “buy” rating in a report on Friday, November 15th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Gambling.com Group presently has an average rating of “Buy” and a consensus target price of $15.00.

Gambling.com Group Trading Up 0.7 %

Shares of GAMB stock opened at $13.00 on Monday. Gambling.com Group has a fifty-two week low of $7.51 and a fifty-two week high of $13.19. 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 business has a fifty day simple moving average of $10.21 and a 200-day simple moving average of $9.29. The stock has a market cap of $483.86 million, a P/E ratio of 16.67 and a beta of 0.86.

Hedge Funds Weigh In On Gambling.com Group

Several hedge funds and other institutional investors have recently bought and sold shares of GAMB. Barclays PLC grew its holdings in Gambling.com Group by 94.0% during the 3rd quarter. Barclays PLC now owns 38,494 shares of the company’s stock worth $385,000 after acquiring an additional 18,656 shares in the last quarter. State Street Corp grew its position in Gambling.com Group by 4.2% in the 3rd quarter. State Street Corp now owns 194,120 shares of the company’s stock worth $1,945,000 after purchasing an additional 7,806 shares during the last quarter. MetLife Investment Management LLC increased its position in Gambling.com Group by 111.2% in the 3rd quarter. MetLife Investment Management LLC now owns 12,384 shares of the company’s stock valued at $124,000 after acquiring an additional 6,519 shares during the period. Quarry LP raised its stake in shares of Gambling.com Group by 1,997.6% during the second quarter. Quarry LP now owns 12,019 shares of the company’s stock valued at $99,000 after purchasing an additional 11,446 shares in the last quarter. Finally, Gabelli Funds LLC lifted its stake in shares of Gambling.com Group by 4.2% in the 2nd quarter. Gabelli Funds LLC now owns 32,000 shares of the company’s stock worth $263,000 after acquiring an additional 1,300 shares during the period. 72.26% of the stock is owned by institutional investors and hedge funds.

Gambling.com Group Company Profile

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.