Gambling.com Group Limited (NASDAQ:GAMB) Receives Average Rating of “Buy” from Brokerages

Gambling.com Group Limited (NASDAQ:GAMB) has earned an average recommendation of “Buy” from the eight analysts that are covering the company, MarketBeat reports. Eight investment analysts have rated the stock with a buy rating. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $16.88.

Several brokerages recently issued reports on GAMB. Craig Hallum lifted their target price on Gambling.com Group from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Jefferies Financial Group lifted their target price on Gambling.com Group from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Stifel Nicolaus lifted their target price 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 lifted their target price 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. Finally, Truist Financial reissued a “buy” rating and set a $16.00 target price (up previously from $13.00) on shares of Gambling.com Group in a research note on Friday, November 15th.

Gambling.com Group Stock Down 3.1 %

NASDAQ GAMB opened at $13.26 on Wednesday. The stock’s 50-day moving average price is $14.64 and its 200-day moving average price is $12.35. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.20. Gambling.com Group has a 52 week low of $7.51 and a 52 week high of $17.14. The company has a market capitalization of $493.58 million, a P/E ratio of 17.00 and a beta of 0.99.

Institutional Trading of Gambling.com Group

A number of large investors have recently added to or reduced their stakes in the company. AWM Investment Company Inc. increased its stake in 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 worth $21,363,000 after acquiring an additional 135,000 shares during the last quarter. G2 Investment Partners Management LLC increased its stake in 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 worth $11,618,000 after acquiring 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 worth approximately $7,168,000. Dimensional Fund Advisors LP boosted its holdings 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 worth $7,089,000 after purchasing an additional 56,268 shares during the period. Finally, Topline Capital Management LLC purchased a new position in shares of Gambling.com Group in the 4th quarter worth approximately $6,700,000. Institutional investors own 72.26% of the company’s stock.

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.