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

Gambling.com Group Limited (NASDAQ:GAMB) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $16.25 and last traded at $16.39, with a volume of 97318 shares changing hands. The stock had previously closed at $15.74.

Wall Street Analyst Weigh In

Several research firms have commented on GAMB. Craig Hallum lifted their price target on Gambling.com Group from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Macquarie raised their price objective on shares of Gambling.com Group from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Benchmark assumed coverage on shares of Gambling.com Group in a report on Wednesday, January 8th. They issued a “buy” rating and a $16.00 target price for the company. Truist Financial reissued a “buy” rating and set a $16.00 price target (up previously from $13.00) on shares of Gambling.com Group in a report on Friday, November 15th. Finally, BTIG Research upped their price objective on Gambling.com Group from $13.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $16.63.

Gambling.com Group Price Performance

The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $602.22 million, a price-to-earnings ratio of 20.74 and a beta of 0.99. The company has a 50-day simple moving average of $14.29 and a 200-day simple moving average of $11.60.

Institutional Investors Weigh In On Gambling.com Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its holdings in Gambling.com Group by 13.7% in the second quarter. Dimensional Fund Advisors LP now owns 398,016 shares of the company’s stock valued at $3,272,000 after buying an additional 47,843 shares in the last quarter. State Street Corp increased its stake in shares of Gambling.com Group by 4.2% during 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 in the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Gambling.com Group during the 4th quarter worth approximately $2,280,000. Wakefield Asset Management LLLP acquired a new position in shares of Gambling.com Group during the 4th quarter worth approximately $986,000. Finally, Exchange Traded Concepts LLC lifted its stake in Gambling.com Group by 2.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 49,799 shares of the company’s stock valued at $701,000 after buying an additional 1,325 shares in the last quarter. Institutional investors and hedge funds 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.