Brokerages Set Gambling.com Group Limited (NASDAQ:GAMB) Price Target at $16.63

Shares of Gambling.com Group Limited (NASDAQ:GAMB) have been given a consensus recommendation of “Buy” by the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. Eight research analysts have rated the stock with a buy recommendation. The average 12 month price target among analysts that have issued a report on the stock in the last year is $16.63.

A number of research analysts recently commented on the company. Craig Hallum upped their target price on Gambling.com Group from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Macquarie increased their price objective on shares of Gambling.com Group from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. BTIG Research lifted their target price 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. Stifel Nicolaus increased their price target on shares of Gambling.com Group from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Benchmark started coverage on shares of Gambling.com Group in a research note on Wednesday, January 8th. They set a “buy” rating and a $16.00 price target for the company.

Hedge Funds Weigh In On Gambling.com Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Global Retirement Partners LLC boosted its holdings in shares of Gambling.com Group by 1,613.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,971 shares of the company’s stock worth $28,000 after acquiring an additional 1,856 shares in the last quarter. IFP Advisors Inc acquired a new position in Gambling.com Group in the fourth quarter worth $49,000. New York State Common Retirement Fund grew its holdings in shares of Gambling.com Group by 138.4% during the fourth quarter. New York State Common Retirement Fund now owns 10,497 shares of the company’s stock worth $148,000 after purchasing an additional 6,093 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Gambling.com Group during the fourth quarter worth $163,000. Finally, MetLife Investment Management LLC increased its stake in shares of Gambling.com Group by 111.2% in the third 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 in the last quarter. 72.26% of the stock is currently owned by institutional investors and hedge funds.

Gambling.com Group Trading Up 1.2 %

Gambling.com Group stock opened at $16.18 on Friday. The business has a 50 day moving average price of $14.29 and a two-hundred day moving average price of $11.60. The company has a quick ratio of 1.03, a current 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 $16.78. The stock has a market cap of $602.22 million, a price-to-earnings ratio of 20.74 and a beta of 0.99.

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.