Gambling.com Group (NASDAQ:GAMB) Price Target Raised to $16.00

Gambling.com Group (NASDAQ:GAMB) had its target price hoisted by Macquarie from $14.00 to $16.00 in a research note released on Monday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other brokerages have also issued reports on GAMB. Craig Hallum lifted their price target on Gambling.com Group from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Stifel Nicolaus increased their target price on shares of Gambling.com Group from $13.00 to $14.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Truist Financial restated a “buy” rating and set a $16.00 target price (up from $13.00) on shares of Gambling.com Group in a report on Friday, November 15th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Gambling.com Group presently has an average rating of “Buy” and a consensus price target of $15.00.

Gambling.com Group Trading Up 3.1 %

Shares of Gambling.com Group stock opened at $12.91 on Monday. The company has a 50 day simple moving average of $10.15 and a two-hundred day simple moving average of $9.27. The firm has a market cap of $480.55 million, a PE ratio of 16.55 and a beta of 0.86. Gambling.com Group has a 1 year low of $7.51 and a 1 year high of $13.08. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 1.03.

Hedge Funds Weigh In On Gambling.com Group

Several hedge funds have recently made changes to their positions in GAMB. Clearbridge Investments LLC increased its position in Gambling.com Group by 10.4% during the 1st quarter. Clearbridge Investments LLC now owns 972,250 shares of the company’s stock valued at $8,877,000 after purchasing an additional 91,799 shares during the period. Yarra Square Partners LP increased its position in shares of Gambling.com Group by 27.2% during the second quarter. Yarra Square Partners LP now owns 312,981 shares of the company’s stock valued at $2,573,000 after buying an additional 67,000 shares during the period. Renaissance Technologies LLC raised its stake in Gambling.com Group by 4.2% in the second quarter. Renaissance Technologies LLC now owns 298,800 shares of the company’s stock worth $2,456,000 after buying an additional 12,000 shares in the last quarter. American Century Companies Inc. lifted its stake 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 valued at $128,000 after purchasing an additional 4,276 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Gambling.com Group by 13.7% during the second quarter. Dimensional Fund Advisors LP now owns 398,016 shares of the company’s stock valued at $3,272,000 after purchasing an additional 47,843 shares in the last quarter. 72.26% of the stock is owned by hedge funds and other 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.