Gambling.com Group (NASDAQ:GAMB) Now Covered by Cantor Fitzgerald

Cantor Fitzgerald assumed coverage on shares of Gambling.com Group (NASDAQ:GAMB - Free Report) in a report released on Wednesday, MarketBeat Ratings reports. The firm issued an overweight rating and a $20.00 target price on the stock.

Other equities analysts also recently issued reports about the company. Craig Hallum raised their price objective on Gambling.com Group from $16.00 to $18.00 and gave the stock a "buy" rating in a report on Friday, December 13th. Truist Financial reiterated a "buy" rating and set a $16.00 target price (up from $13.00) on shares of Gambling.com Group in a report on Friday, November 15th. Stifel Nicolaus upped their target price on Gambling.com Group from $13.00 to $14.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Macquarie upped their target price on Gambling.com Group from $14.00 to $16.00 and gave the company an "outperform" rating in a research report on Monday, November 18th. Finally, Benchmark reaffirmed a "buy" rating and issued a $18.00 target price on shares of Gambling.com Group in a research report on Thursday, February 20th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $17.22.

Gambling.com Group Price Performance

Shares of GAMB traded down $0.36 during trading hours on Wednesday, reaching $12.53. 513,621 shares of the company traded hands, compared to its average volume of 413,296. 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 stock has a market capitalization of $466.40 million, a PE ratio of 16.06 and a beta of 0.99. Gambling.com Group has a fifty-two week low of $7.51 and a fifty-two week high of $17.14. The stock has a fifty day simple moving average of $14.56 and a 200 day simple moving average of $12.39.

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Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GAMB. Global Retirement Partners LLC boosted its position in Gambling.com Group by 1,613.9% during the 4th 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. lifted its holdings in shares of 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 last quarter. Quadrant Capital Group LLC lifted its holdings in shares of 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 last quarter. IFP Advisors Inc purchased a new stake in shares of Gambling.com Group during the fourth quarter valued at $49,000. Finally, MetLife Investment Management LLC lifted its holdings in shares of Gambling.com Group by 111.2% during the third quarter. MetLife Investment Management LLC now owns 12,384 shares of the company's stock valued at $124,000 after purchasing an additional 6,519 shares during the last quarter. 72.26% of the stock is currently owned by institutional investors.

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.