Jefferies Financial Group Forecasts Strong Price Appreciation for Gambling.com Group (NASDAQ:GAMB) Stock

Gambling.com Group (NASDAQ:GAMB - Get Free Report) had its price objective hoisted by investment analysts at Jefferies Financial Group from $18.00 to $20.00 in a report released on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Jefferies Financial Group's price objective suggests a potential upside of 29.03% from the company's current price.

A number of other equities analysts have also recently issued reports on the stock. Craig Hallum lifted their target price on shares of Gambling.com Group from $14.00 to $16.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Macquarie increased their target price on Gambling.com Group from $14.00 to $16.00 and gave the company an "outperform" rating in a report on Monday, November 18th. Truist Financial reissued a "buy" rating and issued a $16.00 price target (up from $13.00) on shares of Gambling.com Group in a report on Friday, November 15th. Finally, Stifel Nicolaus increased their price objective on Gambling.com Group from $13.00 to $14.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $16.57.

Gambling.com Group Price Performance

Shares of GAMB stock traded down $0.13 during mid-day trading on Friday, reaching $15.50. The stock had a trading volume of 1,555,515 shares, compared to its average volume of 183,729. The company has a market cap of $576.91 million, a P/E ratio of 18.85 and a beta of 1.02. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.20. Gambling.com Group has a 12-month low of $7.51 and a 12-month high of $16.09. The business has a 50-day simple moving average of $11.19 and a 200 day simple moving average of $9.79.

Institutional Trading of Gambling.com Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wedge Capital Management L L P NC boosted its position in shares of Gambling.com Group by 197.7% in the second quarter. Wedge Capital Management L L P NC now owns 202,727 shares of the company's stock worth $1,666,000 after acquiring an additional 134,620 shares during the last quarter. Yarra Square Partners LP boosted its holdings in shares of Gambling.com Group by 27.2% in the 2nd 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 last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Gambling.com Group by 13.7% during 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 raised its position in shares of 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. Finally, Hsbc Holdings PLC acquired a new position in Gambling.com Group in the second quarter valued at $115,000. Hedge funds and other institutional investors 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.