Benchmark Issues Positive Forecast for Gambling.com Group (NASDAQ:GAMB) Stock Price

Gambling.com Group (NASDAQ:GAMB) had its target price increased by Benchmark from $16.00 to $18.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

GAMB has been the subject of a number of other reports. Truist Financial reissued a “buy” rating and set a $16.00 price target (up from $13.00) on shares of Gambling.com Group in a research report on Friday, November 15th. BTIG Research boosted 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. Stifel Nicolaus boosted their target price on shares of Gambling.com Group from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Macquarie upped their price target 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, Craig Hallum upped 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. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $16.88.

Gambling.com Group Trading Down 0.8 %

Shares of NASDAQ GAMB opened at $15.86 on Tuesday. Gambling.com Group has a 1 year low of $7.51 and a 1 year high of $16.78. The stock has a market cap of $590.31 million, a P/E ratio of 20.33 and a beta of 0.99. The firm has a 50-day moving average of $14.38 and a 200 day moving average of $11.73. 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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Exchange Traded Concepts LLC boosted its position in shares of Gambling.com Group by 2.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 49,799 shares of the company’s stock worth $701,000 after acquiring an additional 1,325 shares during the last quarter. Global Retirement Partners LLC raised its stake in Gambling.com Group by 1,613.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,971 shares of the company’s stock valued at $28,000 after purchasing an additional 1,856 shares in the last quarter. LPL Financial LLC raised its stake in Gambling.com Group by 8.7% during the fourth quarter. LPL Financial LLC now owns 28,549 shares of the company’s stock valued at $402,000 after purchasing an additional 2,275 shares in the last quarter. IFP Advisors Inc purchased a new stake in Gambling.com Group during the fourth quarter valued at $49,000. Finally, Bank of New York Mellon Corp raised its stake in Gambling.com Group by 12.1% during the fourth quarter. Bank of New York Mellon Corp now owns 34,540 shares of the company’s stock valued at $486,000 after purchasing an additional 3,729 shares in the last quarter. Institutional investors 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.