Gambling.com Group Limited (NASDAQ:GAMB) Receives $16.57 Average PT from Brokerages

Gambling.com Group Limited (NASDAQ:GAMB - Get Free Report) has earned a consensus recommendation of "Buy" from the seven research firms that are presently covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $16.57.

GAMB has been the subject of a number of research analyst reports. Macquarie lifted 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. 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 report on Friday, December 13th. Craig Hallum lifted their target price on Gambling.com Group from $16.00 to $18.00 and gave the stock a "buy" rating in a report on Friday, December 13th. Stifel Nicolaus raised their price target 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. Finally, Jefferies Financial Group boosted their price objective on shares of Gambling.com Group from $18.00 to $20.00 and gave the company a "buy" rating in a report on Friday, December 13th.

Gambling.com Group Stock Down 1.1 %

GAMB traded down $0.16 on Tuesday, hitting $13.81. 200,624 shares of the company were exchanged, compared to its average volume of 237,056. 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 stock's fifty day moving average is $12.91 and its 200-day moving average is $10.68. The company has a market cap of $514.05 million, a PE ratio of 17.71 and a beta of 1.00. Gambling.com Group has a 12 month low of $7.51 and a 12 month high of $16.09.

Hedge Funds Weigh In On Gambling.com Group

Institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp raised its position in Gambling.com Group by 5.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 41,714 shares of the company's stock valued at $343,000 after buying an additional 2,090 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of 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 purchasing an additional 5,043 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Gambling.com Group by 38.0% during the second quarter. American Century Companies Inc. now owns 15,523 shares of the company's stock valued at $128,000 after purchasing an additional 4,276 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Gambling.com Group by 13.7% during the second quarter. Dimensional Fund Advisors LP now owns 398,016 shares of the company's stock worth $3,272,000 after purchasing an additional 47,843 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in Gambling.com Group by 4.2% in the 2nd quarter. Renaissance Technologies LLC now owns 298,800 shares of the company's stock worth $2,456,000 after purchasing an additional 12,000 shares in the last quarter. 72.26% of the stock is owned by institutional investors and hedge funds.

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.