Gambling.com Group (NASDAQ:GAMB) Reaches New 52-Week High - What's Next?

Gambling.com Group Limited (NASDAQ:GAMB - Get Free Report) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $16.60 and last traded at $16.60, with a volume of 415 shares. The stock had previously closed at $15.95.

Analyst Ratings Changes

GAMB has been the topic of several research reports. Craig Hallum upped 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. Jefferies Financial Group increased their price objective on shares of Gambling.com Group from $18.00 to $20.00 and gave the company a "buy" rating in a research note on Friday, December 13th. Truist Financial restated 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. Macquarie upped their price target on shares of Gambling.com Group from $14.00 to $16.00 and gave the company an "outperform" rating in a report on Monday, November 18th. Finally, Stifel Nicolaus raised their price objective on shares of 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 analysts have rated the stock with a buy rating, According to MarketBeat, Gambling.com Group has a consensus rating of "Buy" and a consensus target price of $16.57.

Gambling.com Group Trading Down 8.3 %

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 firm has a market cap of $544.57 million, a price-to-earnings ratio of 18.76 and a beta of 1.02. The business's 50-day moving average price is $11.63 and its two-hundred day moving average price is $10.02.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GAMB. Yarra Square Partners LP grew its position in shares of Gambling.com Group by 27.2% in 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. Dimensional Fund Advisors LP boosted its stake in Gambling.com Group by 13.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 398,016 shares of the company's stock worth $3,272,000 after buying an additional 47,843 shares during the last quarter. Barclays PLC grew its holdings in Gambling.com Group by 94.0% in the 3rd quarter. Barclays PLC now owns 38,494 shares of the company's stock valued at $385,000 after buying an additional 18,656 shares during the period. Hsbc Holdings PLC acquired a new position in shares of Gambling.com Group during the 2nd quarter valued at about $115,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of Gambling.com Group by 4.2% during the 2nd quarter. Renaissance Technologies LLC now owns 298,800 shares of the company's stock worth $2,456,000 after acquiring an additional 12,000 shares during the period. 72.26% of the stock is currently 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.