Gambling.com Group (NASDAQ:GAMB) Price Target Raised to $19.00

Gambling.com Group (NASDAQ:GAMB) had its price objective lifted by BTIG Research from $13.00 to $19.00 in a research report report published on Friday morning, Marketbeat.com reports. BTIG Research currently has a buy rating on the stock.

A number of other research firms have also recently weighed in on GAMB. Truist Financial restated 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. Craig Hallum lifted their price target on shares of Gambling.com Group from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Friday. 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 report on Friday, November 15th. Jefferies Financial Group upped their target price on Gambling.com Group from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Friday. Finally, Macquarie raised their price target on Gambling.com Group from $14.00 to $16.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Gambling.com Group has an average rating of “Buy” and an average target price of $16.57.

Gambling.com Group Trading Down 0.8 %

GAMB opened at $15.50 on Friday. Gambling.com Group has a 12 month low of $7.51 and a 12 month high of $16.09. The stock has a fifty day moving average price of $11.30 and a 200-day moving average price of $9.85. The firm has a market cap of $576.91 million, a price-to-earnings ratio of 19.87 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.

Hedge Funds Weigh In On Gambling.com Group

A number of institutional investors have recently bought and sold shares of the business. Quarry LP boosted its holdings in shares of Gambling.com Group by 1,997.6% in the 2nd quarter. Quarry LP now owns 12,019 shares of the company’s stock valued at $99,000 after acquiring an additional 11,446 shares during the last quarter. Hsbc Holdings PLC purchased a new position in shares of Gambling.com Group during the 2nd quarter valued at about $115,000. MetLife Investment Management LLC lifted its holdings in shares of Gambling.com Group by 111.2% in the 3rd quarter. MetLife Investment Management LLC now owns 12,384 shares of the company’s stock valued at $124,000 after buying an additional 6,519 shares during the period. American Century Companies Inc. raised its position in Gambling.com Group by 38.0% during the second quarter. American Century Companies Inc. now owns 15,523 shares of the company’s stock valued at $128,000 after acquiring an additional 4,276 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings 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 acquiring an additional 5,043 shares during the period. 72.26% of the stock is owned by hedge funds and other 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.