Gambling.com Group (NASDAQ:GAMB) Shares Down 2.5% – Should You Sell?

Gambling.com Group Limited (NASDAQ:GAMB)’s share price traded down 2.5% during mid-day trading on Friday . The company traded as low as $14.49 and last traded at $14.55. 325,170 shares were traded during trading, an increase of 73% from the average session volume of 188,406 shares. The stock had previously closed at $14.93.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Truist Financial reissued a “buy” rating and set a $16.00 target price (up from $13.00) on shares of Gambling.com Group in a research note on Friday, November 15th. Craig Hallum increased their target price 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 lifted their price objective on shares of Gambling.com Group from $13.00 to $19.00 and gave the company a “buy” rating in a report on Friday, December 13th. Jefferies Financial Group upped their target price on shares of Gambling.com Group from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Finally, Stifel Nicolaus boosted their price objective on Gambling.com Group from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $16.57.

Gambling.com Group Price Performance

The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market cap of $539.36 million, a PE ratio of 18.58 and a beta of 1.02. The business has a 50 day moving average price of $11.83 and a two-hundred day moving average price of $10.10.

Institutional Investors Weigh In On Gambling.com Group

Hedge funds have recently made changes to their positions in the business. Quarry LP increased its holdings in Gambling.com Group by 1,997.6% during the second quarter. Quarry LP now owns 12,019 shares of the company’s stock worth $99,000 after buying an additional 11,446 shares during the last quarter. Hsbc Holdings PLC bought a new position in shares of Gambling.com Group during the 2nd quarter valued at approximately $115,000. MetLife Investment Management LLC increased its stake in shares of Gambling.com Group by 111.2% during the 3rd quarter. MetLife Investment Management LLC now owns 12,384 shares of the company’s stock worth $124,000 after purchasing an additional 6,519 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Gambling.com Group by 38.0% in the 2nd quarter. American Century Companies Inc. now owns 15,523 shares of the company’s stock worth $128,000 after purchasing an additional 4,276 shares during the period. Finally, Rhumbline Advisers lifted its stake in Gambling.com Group by 29.8% in the second quarter. Rhumbline Advisers now owns 21,950 shares of the company’s stock valued at $180,000 after purchasing an additional 5,043 shares during the last quarter. 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.