Benchmark Reaffirms "Buy" Rating for Gambling.com Group (NASDAQ:GAMB)

Benchmark reissued their buy rating on shares of Gambling.com Group (NASDAQ:GAMB - Free Report) in a research report sent to investors on Thursday,Benzinga reports. Benchmark currently has a $18.00 price target on the stock.

GAMB has been the subject of several other research reports. Truist Financial restated a "buy" rating and issued a $16.00 price objective (up previously from $13.00) on shares of Gambling.com Group in a research report on Friday, November 15th. Jefferies Financial Group raised their price target on Gambling.com Group from $20.00 to $21.00 and gave the company a "buy" rating in a report on Wednesday, January 15th. Craig Hallum boosted their price objective on Gambling.com Group from $16.00 to $18.00 and gave the stock a "buy" rating in a report on Friday, December 13th. BTIG Research raised their target price on shares of 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 boosted their price target 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. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $16.88.

Gambling.com Group Price Performance

NASDAQ:GAMB traded down $0.22 during mid-day trading on Thursday, reaching $14.41. 384,744 shares of the company were exchanged, compared to its average volume of 421,983. Gambling.com Group has a 12 month low of $7.51 and a 12 month high of $17.14. The stock has a market cap of $536.38 million, a PE ratio of 18.48 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 company has a fifty day moving average of $14.76 and a 200 day moving average of $12.12.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of GAMB. Northern Trust Corp boosted its position in shares of Gambling.com Group by 0.9% during the fourth quarter. Northern Trust Corp now owns 109,928 shares of the company's stock worth $1,548,000 after purchasing an additional 1,003 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in Gambling.com Group by 2.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 49,799 shares of the company's stock worth $701,000 after buying an additional 1,325 shares in the last quarter. Global Retirement Partners LLC raised its holdings in Gambling.com Group by 1,613.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,971 shares of the company's stock worth $28,000 after acquiring an additional 1,856 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Gambling.com Group by 1.7% in the 4th quarter. Ameriprise Financial Inc. now owns 120,007 shares of the company's stock valued at $1,690,000 after buying an additional 2,017 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its stake in shares of Gambling.com Group by 481.8% during the 4th quarter. Quadrant Capital Group LLC now owns 2,461 shares of the company's stock worth $35,000 after purchasing an additional 2,038 shares during the last quarter. Institutional investors and hedge funds own 72.26% of the company's stock.

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.