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

Gambling.com Group (NASDAQ:GAMB - Free Report) had its price target boosted by Jefferies Financial Group from $20.00 to $21.00 in a research report released on Wednesday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts also recently weighed in on the company. Benchmark assumed coverage on Gambling.com Group in a report on Wednesday, January 8th. They issued a "buy" rating and a $16.00 target price for the company. Craig Hallum lifted 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, December 13th. Stifel Nicolaus upped their price objective on shares of Gambling.com Group from $13.00 to $14.00 and gave the company a "buy" rating in a report on Friday, November 15th. Truist Financial restated a "buy" rating and issued a $16.00 target price (up from $13.00) on shares of Gambling.com Group in a research note on Friday, November 15th. Finally, BTIG Research upped 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 research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $16.63.

Gambling.com Group Trading Up 4.2 %

GAMB traded up $0.57 during trading on Wednesday, reaching $14.09. 316,709 shares of the stock traded hands, compared to its average volume of 242,601. 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 stock's 50-day moving average is $13.33 and its 200 day moving average is $10.88. Gambling.com Group has a 12 month low of $7.51 and a 12 month high of $16.09. The stock has a market capitalization of $524.47 million, a PE ratio of 18.06 and a beta of 1.00.

Hedge Funds Weigh In On Gambling.com Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Quarry LP lifted its holdings in shares of Gambling.com Group by 1,997.6% in the second quarter. Quarry LP now owns 12,019 shares of the company's stock valued at $99,000 after purchasing an additional 11,446 shares in the last quarter. Hsbc Holdings PLC purchased a new stake in Gambling.com Group in the 2nd quarter valued at $115,000. MetLife Investment Management LLC lifted 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 acquiring an additional 6,519 shares in the last quarter. American Century Companies Inc. boosted its holdings in Gambling.com Group by 38.0% during the 2nd quarter. American Century Companies Inc. now owns 15,523 shares of the company's stock worth $128,000 after acquiring an additional 4,276 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Gambling.com Group by 29.8% in the 2nd quarter. Rhumbline Advisers now owns 21,950 shares of the company's stock worth $180,000 after acquiring an additional 5,043 shares in the last quarter. Institutional investors and hedge funds own 72.26% of the company's stock.

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.