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

Gambling.com Group (NASDAQ:GAMB - Free Report) had its price target upped by BTIG Research from $13.00 to $19.00 in a research note released on Friday, MarketBeat Ratings reports. The brokerage currently has a buy rating on the stock.

A number of other analysts have also recently commented on the stock. Jefferies Financial Group boosted their target price on shares of Gambling.com Group from $18.00 to $20.00 and gave the company a "buy" rating in a report on Friday. Craig Hallum boosted their price objective on shares of Gambling.com Group from $16.00 to $18.00 and gave the stock a "buy" rating in a research note on Friday. Truist Financial reaffirmed a "buy" rating and set a $16.00 target price (up previously from $13.00) on shares of Gambling.com Group in a research note on Friday, November 15th. Macquarie boosted their price target on Gambling.com Group from $14.00 to $16.00 and gave the stock an "outperform" rating in a research report on Monday, November 18th. Finally, Stifel Nicolaus upped their price target on Gambling.com Group from $13.00 to $14.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $16.57.

Gambling.com Group Stock Down 0.8 %

Shares of GAMB stock traded down $0.13 during midday trading on Friday, reaching $15.50. 1,555,623 shares of the stock were exchanged, compared to its average volume of 183,729. The firm has a market cap of $576.96 million, a PE ratio of 19.87 and a beta of 1.02. The company's 50 day moving average is $11.30 and its two-hundred day moving average is $9.85. Gambling.com Group has a 1 year low of $7.51 and a 1 year high of $16.09. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.20.

Institutional Trading of Gambling.com Group

Institutional investors have recently added to or reduced their stakes in the business. Yarra Square Partners LP lifted its position in Gambling.com Group by 27.2% during the second quarter. Yarra Square Partners LP now owns 312,981 shares of the company's stock valued at $2,573,000 after purchasing an additional 67,000 shares during the period. Renaissance Technologies LLC raised its stake in Gambling.com Group by 4.2% during the 2nd quarter. Renaissance Technologies LLC now owns 298,800 shares of the company's stock valued at $2,456,000 after buying an additional 12,000 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Gambling.com Group by 38.0% during the 2nd quarter. American Century Companies Inc. now owns 15,523 shares of the company's stock valued at $128,000 after buying an additional 4,276 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Gambling.com Group by 13.7% in the second quarter. Dimensional Fund Advisors LP now owns 398,016 shares of the company's stock worth $3,272,000 after acquiring an additional 47,843 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Gambling.com Group by 5.3% during the second quarter. Bank of New York Mellon Corp now owns 41,714 shares of the company's stock valued at $343,000 after acquiring an additional 2,090 shares during the last quarter. 72.26% of the stock is currently owned by hedge funds and other institutional investors.

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.