Gambling.com Group (NASDAQ:GAMB) Hits New 1-Year High – Still a Buy?

Gambling.com Group Limited (NASDAQ:GAMB)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $13.58 and last traded at $13.50, with a volume of 110999 shares trading hands. The stock had previously closed at $13.36.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on GAMB. Truist Financial restated a “buy” rating and set a $16.00 target price (up previously from $13.00) on shares of Gambling.com Group in a report on Friday, November 15th. Craig Hallum upped their target price on Gambling.com Group from $14.00 to $16.00 and gave the company a “buy” rating in a report on Friday, November 15th. Macquarie upped their target price on Gambling.com Group from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Finally, Stifel Nicolaus increased their price objective on Gambling.com Group from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Gambling.com Group currently has an average rating of “Buy” and a consensus target price of $15.00.

Gambling.com Group Stock Performance

The stock has a market capitalization of $503.59 million, a PE ratio of 17.35 and a beta of 1.02. The business has a 50 day moving average price of $10.69 and a 200 day moving average price of $9.54. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 1.03.

Institutional Investors Weigh In On Gambling.com Group

Institutional investors have recently modified their holdings of the stock. Quarry LP grew its stake in shares of Gambling.com Group by 1,997.6% in the second quarter. Quarry LP now owns 12,019 shares of the company’s stock worth $99,000 after acquiring an additional 11,446 shares during the last quarter. MetLife Investment Management LLC grew 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 worth $124,000 after acquiring an additional 6,519 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in shares of Gambling.com Group in the second quarter worth $115,000. American Century Companies Inc. boosted its position in shares of 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 buying an additional 4,276 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Gambling.com Group by 29.8% during the second quarter. Rhumbline Advisers now owns 21,950 shares of the company’s stock valued at $180,000 after buying an additional 5,043 shares during 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.