Benchmark Begins Coverage on Gambling.com Group (NASDAQ:GAMB)

Benchmark initiated coverage on shares of Gambling.com Group (NASDAQ:GAMB - Free Report) in a report published on Wednesday, MarketBeat reports. The brokerage issued a buy rating and a $16.00 price target on the stock.

GAMB has been the subject of a number of other reports. Truist Financial reaffirmed a "buy" rating and set a $16.00 price target (up from $13.00) on shares of Gambling.com Group in a report on Friday, November 15th. Jefferies Financial Group increased their target price on shares of Gambling.com Group from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Friday, December 13th. Stifel Nicolaus raised their price objective on Gambling.com Group from $13.00 to $14.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Craig Hallum boosted their target price on Gambling.com Group from $16.00 to $18.00 and gave the company a "buy" rating in a report on Friday, December 13th. Finally, BTIG Research raised their price target on Gambling.com Group from $13.00 to $19.00 and gave the stock a "buy" rating in a research note on Friday, December 13th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $16.50.

Gambling.com Group Stock Up 3.0 %

NASDAQ GAMB traded up $0.42 during trading hours on Wednesday, hitting $14.23. 204,199 shares of the company were exchanged, compared to its average volume of 230,480. Gambling.com Group has a 52-week low of $7.51 and a 52-week high of $16.09. The firm has a market cap of $529.68 million, a price-to-earnings ratio of 18.24 and a beta of 1.00. 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 company has a 50 day moving average of $13.00 and a two-hundred day moving average of $10.70.

Hedge Funds Weigh In On Gambling.com Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC raised its stake in shares of Gambling.com Group by 94.0% during the 3rd quarter. Barclays PLC now owns 38,494 shares of the company's stock worth $385,000 after buying an additional 18,656 shares during the last quarter. State Street Corp increased its stake in shares of Gambling.com Group by 4.2% during the 3rd quarter. State Street Corp now owns 194,120 shares of the company's stock worth $1,945,000 after purchasing an additional 7,806 shares in the last quarter. MetLife Investment Management LLC raised its position 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 purchasing an additional 6,519 shares during the last quarter. Quarry LP lifted its stake in 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 buying an additional 11,446 shares in the last quarter. Finally, Gabelli Funds LLC grew its holdings in Gambling.com Group by 4.2% during the 2nd quarter. Gabelli Funds LLC now owns 32,000 shares of the company's stock valued at $263,000 after buying an additional 1,300 shares during the last quarter. 72.26% of the stock is owned by institutional investors and hedge funds.

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.