Benchmark Forecasts Strong Price Appreciation for Gambling.com Group (NASDAQ:GAMB) Stock

Gambling.com Group (NASDAQ:GAMB - Get Free Report) had its target price raised by stock analysts at Benchmark from $16.00 to $18.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the stock. Benchmark's price target would indicate a potential upside of 7.53% from the stock's current price.

Several other research analysts have also recently weighed in on the stock. Stifel Nicolaus boosted their price objective 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. Craig Hallum boosted their price objective on shares of 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 lifted their target price on shares of Gambling.com Group from $14.00 to $16.00 and gave the stock an "outperform" rating in a report on Monday, November 18th. Truist Financial reaffirmed a "buy" rating and set a $16.00 target price (up previously from $13.00) on shares of Gambling.com Group in a report on Friday, November 15th. Finally, BTIG Research lifted their target price on shares of Gambling.com Group from $13.00 to $19.00 and gave the stock a "buy" rating in a report on Friday, December 13th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $16.88.

Gambling.com Group Trading Up 1.8 %

GAMB stock traded up $0.30 during trading on Tuesday, hitting $16.74. The company had a trading volume of 476,884 shares, compared to its average volume of 373,999. 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 firm has a 50-day moving average price of $14.50 and a 200-day moving average price of $11.79. Gambling.com Group has a 12 month low of $7.51 and a 12 month high of $17.14. The stock has a market cap of $623.06 million, a price-to-earnings ratio of 21.46 and a beta of 0.99.

Hedge Funds Weigh In On Gambling.com Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Exchange Traded Concepts LLC grew its holdings in shares of 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 during the period. Global Retirement Partners LLC grew its holdings in shares of Gambling.com Group by 1,613.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,971 shares of the company's stock valued at $28,000 after buying an additional 1,856 shares during the period. Quadrant Capital Group LLC grew its holdings in shares of Gambling.com Group by 481.8% in the 4th quarter. Quadrant Capital Group LLC now owns 2,461 shares of the company's stock valued at $35,000 after buying an additional 2,038 shares during the period. LPL Financial LLC boosted its stake in Gambling.com Group by 8.7% in the 4th quarter. LPL Financial LLC now owns 28,549 shares of the company's stock worth $402,000 after purchasing an additional 2,275 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in Gambling.com Group by 1,968.4% in the 4th quarter. Russell Investments Group Ltd. now owns 2,420 shares of the company's stock worth $34,000 after purchasing an additional 2,303 shares during the period. 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.