Gambling.com Group (NASDAQ:GAMB) Shares Down 5.4% - Should You Sell?

Gambling.com Group Limited (NASDAQ:GAMB - Get Free Report) fell 5.4% during mid-day trading on Wednesday . The stock traded as low as $16.25 and last traded at $15.67. 101,277 shares changed hands during trading, a decline of 73% from the average session volume of 374,947 shares. The stock had previously closed at $16.56.

Analysts Set New Price Targets

Several research analysts have commented on GAMB shares. Craig Hallum lifted their target price on shares of Gambling.com Group from $16.00 to $18.00 and gave the stock a "buy" rating in a research report on Friday, December 13th. Stifel Nicolaus increased their price objective 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. Macquarie raised their price objective 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. Jefferies Financial Group boosted their price target on shares of Gambling.com Group from $20.00 to $21.00 and gave the company a "buy" rating in a report on Wednesday, January 15th. Finally, Benchmark reiterated a "buy" rating and issued a $18.00 price objective on shares of Gambling.com Group in a report on Thursday. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $16.88.

Gambling.com Group Stock Down 7.7 %

The firm's 50-day simple moving average is $14.76 and its two-hundred day simple moving average is $12.10. The stock has a market cap of $544.53 million, a price-to-earnings ratio of 18.76 and a beta of 0.99. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.03 and a current ratio of 1.03.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Barclays PLC raised its position 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 valued at $385,000 after acquiring an additional 18,656 shares during the last quarter. Gagnon Securities LLC bought a new stake in Gambling.com Group in the 4th quarter valued at $317,000. State Street Corp boosted its stake in Gambling.com Group by 4.2% in 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 during the period. SG Americas Securities LLC bought a new position in Gambling.com Group during the 4th quarter worth about $163,000. Finally, MetLife Investment Management LLC boosted its position in shares of Gambling.com Group by 111.2% during the third quarter. MetLife Investment Management LLC now owns 12,384 shares of the company's stock worth $124,000 after buying an additional 6,519 shares during the period. 72.26% of the stock is currently owned by 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.