Gambling.com Group (NASDAQ:GAMB) Coverage Initiated at Benchmark

Benchmark initiated coverage on shares of Gambling.com Group (NASDAQ:GAMB) in a report issued on Wednesday, Marketbeat.com reports. The firm issued a buy rating and a $16.00 price objective on the stock.

A number of other research analysts have also commented on GAMB. Stifel Nicolaus upped 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. Craig Hallum raised their price target on shares of Gambling.com Group from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Jefferies Financial Group lifted their price objective on shares of Gambling.com Group from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Macquarie increased their target price on shares of Gambling.com Group from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Finally, BTIG Research lifted their price target on shares of Gambling.com Group from $13.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $16.50.

Gambling.com Group Trading Up 3.0 %

Shares of GAMB stock opened at $14.23 on Wednesday. Gambling.com Group has a 12-month low of $7.51 and a 12-month high of $16.09. The firm has a 50 day moving average price of $13.00 and a two-hundred day moving average price of $10.70. 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 market capitalization of $529.68 million, a PE ratio of 18.24 and a beta of 1.00.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Yarra Square Partners LP grew its holdings in shares of Gambling.com Group by 27.2% during 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. State Street Corp grew its stake in shares of Gambling.com Group by 4.2% during the third quarter. State Street Corp now owns 194,120 shares of the company’s stock worth $1,945,000 after buying an additional 7,806 shares during the last quarter. Barclays PLC increased its holdings in shares of Gambling.com Group by 94.0% during the third quarter. Barclays PLC now owns 38,494 shares of the company’s stock worth $385,000 after buying an additional 18,656 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Gambling.com Group by 4.2% during the 2nd quarter. Renaissance Technologies LLC now owns 298,800 shares of the company’s stock valued at $2,456,000 after acquiring an additional 12,000 shares in the last quarter. Finally, American Century Companies Inc. grew its position in Gambling.com Group by 38.0% during the 2nd quarter. American Century Companies Inc. now owns 15,523 shares of the company’s stock worth $128,000 after acquiring an additional 4,276 shares during the last quarter. Institutional investors and hedge funds own 72.26% of the company’s stock.

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.