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

Gambling.com Group (NASDAQ:GAMB - Get Free Report) had its price objective upped by stock analysts at Craig Hallum from $16.00 to $18.00 in a research report issued on Friday, MarketBeat Ratings reports. The firm currently has a "buy" rating on the stock. Craig Hallum's price target would suggest a potential upside of 16.13% from the company's previous close.

Other equities analysts also recently issued research reports about the stock. 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 research note on Monday, November 18th. Truist Financial reissued a "buy" rating and set a $16.00 price objective (up previously from $13.00) on shares of Gambling.com Group in a report on Friday, November 15th. Jefferies Financial Group lifted their target price on Gambling.com Group from $18.00 to $20.00 and gave the company a "buy" rating in a report on Friday. Finally, Stifel Nicolaus increased their price target on shares of Gambling.com Group from $13.00 to $14.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Gambling.com Group has a consensus rating of "Buy" and an average target price of $16.57.

Gambling.com Group Stock Performance

GAMB traded down $0.13 during trading hours on Friday, hitting $15.50. The stock had a trading volume of 1,555,623 shares, compared to its average volume of 183,729. Gambling.com Group has a 1 year low of $7.51 and a 1 year high of $16.09. The company's fifty day simple moving average is $11.30 and its 200 day simple moving average is $9.85. The stock has a market cap of $576.96 million, a PE ratio of 19.87 and a beta of 1.02. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.20.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Quarry LP raised its stake in Gambling.com Group by 1,997.6% in 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. Hsbc Holdings PLC purchased a new stake in shares of Gambling.com Group during the 2nd quarter valued at $115,000. MetLife Investment Management LLC lifted its holdings in shares of Gambling.com Group by 111.2% during the 3rd quarter. MetLife Investment Management LLC now owns 12,384 shares of the company's stock worth $124,000 after acquiring an additional 6,519 shares during the last quarter. American Century Companies Inc. grew its position in Gambling.com Group by 38.0% in the second quarter. American Century Companies Inc. now owns 15,523 shares of the company's stock worth $128,000 after acquiring an additional 4,276 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in Gambling.com Group by 29.8% in the second quarter. Rhumbline Advisers now owns 21,950 shares of the company's stock valued at $180,000 after acquiring an additional 5,043 shares during the last quarter. Hedge funds and other institutional investors 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.