Gambling.com Group Limited (NASDAQ:GAMB) Receives $16.88 Consensus Target Price from Analysts

Shares of Gambling.com Group Limited (NASDAQ:GAMB - Get Free Report) have been assigned an average rating of "Buy" from the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $16.88.

GAMB has been the topic of several recent research reports. Jefferies Financial Group raised their price objective on Gambling.com Group from $20.00 to $21.00 and gave the company a "buy" rating in a report on Wednesday, January 15th. Benchmark reissued a "buy" rating and set a $18.00 price objective on shares of Gambling.com Group in a report on Thursday, February 20th. Craig Hallum raised their price objective on Gambling.com Group from $16.00 to $18.00 and gave the company a "buy" rating in a report on Friday, December 13th. Macquarie raised their price objective on Gambling.com Group from $14.00 to $16.00 and gave the company an "outperform" rating in a report on Monday, November 18th. Finally, BTIG Research raised 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.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Northern Trust Corp raised its position in shares of Gambling.com Group by 0.9% in the 4th quarter. Northern Trust Corp now owns 109,928 shares of the company's stock worth $1,548,000 after acquiring an additional 1,003 shares in the last quarter. Exchange Traded Concepts LLC raised its position 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 worth $701,000 after acquiring an additional 1,325 shares in the last quarter. Global Retirement Partners LLC raised its position 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 worth $28,000 after acquiring an additional 1,856 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Gambling.com Group by 1.7% in the 4th quarter. Ameriprise Financial Inc. now owns 120,007 shares of the company's stock worth $1,690,000 after acquiring an additional 2,017 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its position 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 worth $35,000 after acquiring an additional 2,038 shares in the last quarter. 72.26% of the stock is owned by institutional investors.

Gambling.com Group Price Performance

Shares of GAMB stock traded up $0.02 during trading hours on Wednesday, reaching $14.22. The company's stock had a trading volume of 400,026 shares, compared to its average volume of 416,806. The firm's 50 day simple moving average is $14.67 and its 200-day simple moving average is $12.26. The company has a market capitalization of $529.31 million, a price-to-earnings ratio of 18.23 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 company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.20.

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.