Brokerages Set Gambling.com Group Limited (NASDAQ:GAMB) PT at $15.00

Gambling.com Group Limited (NASDAQ:GAMB - Get Free Report) has received an average rating of "Buy" from the seven ratings firms that are covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $16.57.

Several analysts have recently issued reports on GAMB shares. Macquarie upped their target price on shares of Gambling.com Group from $14.00 to $16.00 and gave the company an "outperform" rating in a research report on Monday, November 18th. BTIG Research raised their price target on shares of Gambling.com Group from $13.00 to $19.00 and gave the stock a "buy" rating in a research note on Friday. 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 report on Friday, November 15th. 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. Finally, Craig Hallum increased their price objective on shares of Gambling.com Group from $16.00 to $18.00 and gave the company a "buy" rating in a research note on Friday.

Gambling.com Group Price Performance

Shares of GAMB stock traded down $0.13 during mid-day trading on Friday, hitting $15.50. The company had a trading volume of 1,555,515 shares, compared to its average volume of 183,729. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 1.03. The stock's 50 day moving average price is $11.30 and its 200-day moving average price is $9.85. Gambling.com Group has a 52-week low of $7.51 and a 52-week high of $16.09. The company has a market capitalization of $576.91 million, a P/E ratio of 19.87 and a beta of 1.02.

Institutional Trading of Gambling.com Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP raised its position in shares of Gambling.com Group by 1,997.6% in the 2nd quarter. Quarry LP now owns 12,019 shares of the company's stock valued at $99,000 after purchasing an additional 11,446 shares during the last quarter. MetLife Investment Management LLC increased its stake in Gambling.com Group by 111.2% during the 3rd 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 in the last quarter. Hsbc Holdings PLC purchased a new position in shares of Gambling.com Group in the second quarter worth $115,000. American Century Companies Inc. raised its holdings in shares of 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 buying an additional 4,276 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Gambling.com Group by 29.8% during the second quarter. Rhumbline Advisers now owns 21,950 shares of the company's stock worth $180,000 after buying an additional 5,043 shares during the period. 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.