Gambling.com Group (NASDAQ:GAMB) Shares Gap Up - Here's What Happened

Shares of Gambling.com Group Limited (NASDAQ:GAMB - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $14.53, but opened at $15.04. Gambling.com Group shares last traded at $15.13, with a volume of 80,881 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Truist Financial reiterated a "buy" rating and issued a $16.00 price objective (up previously from $13.00) on shares of Gambling.com Group in a research note on Friday, November 15th. Craig Hallum upped their price target 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, December 13th. Macquarie lifted their price objective on Gambling.com Group from $14.00 to $16.00 and gave the company an "outperform" rating in a research report on Monday, November 18th. BTIG Research boosted their target price on Gambling.com Group from $13.00 to $19.00 and gave the company a "buy" rating in a research note on Friday, December 13th. Finally, Stifel Nicolaus raised 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. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $16.63.

Gambling.com Group Stock Up 1.2 %

The stock has a market cap of $602.22 million, a P/E ratio of 20.74 and a beta of 0.99. 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 business has a 50-day simple moving average of $14.29 and a 200-day simple moving average of $11.62.

Hedge Funds Weigh In On Gambling.com Group

A number of institutional investors have recently made changes to their positions in the business. Barclays PLC increased its position in Gambling.com Group by 94.0% in 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 period. Gagnon Securities LLC acquired a new stake in shares of Gambling.com Group in the fourth quarter worth $317,000. State Street Corp increased its position in Gambling.com Group by 4.2% during the third quarter. State Street Corp now owns 194,120 shares of the company's stock worth $1,945,000 after acquiring an additional 7,806 shares during the period. MetLife Investment Management LLC raised 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 purchasing an additional 6,519 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in Gambling.com Group by 2.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 49,799 shares of the company's stock valued at $701,000 after purchasing an additional 1,325 shares during the period. 72.26% of the stock is currently owned by institutional investors.

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.