Gambling.com Group (NASDAQ:GAMB) Given New $19.00 Price Target at BTIG Research

Gambling.com Group (NASDAQ:GAMB) had its target price raised by BTIG Research from $13.00 to $19.00 in a research report sent to investors on Friday morning, MarketBeat Ratings reports. They currently have a buy rating on the stock.

GAMB has been the topic of several other research reports. 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 research note on Friday, November 15th. Craig Hallum increased their price objective 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. Jefferies Financial Group boosted their target price on Gambling.com Group from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Friday. Truist Financial reaffirmed a “buy” rating and set a $16.00 target price (up previously from $13.00) on shares of Gambling.com Group in a research note on Friday, November 15th. Finally, Macquarie raised their price target on Gambling.com Group from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Seven analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $16.57.

Gambling.com Group Stock Performance

NASDAQ:GAMB opened at $15.50 on Friday. The firm has a market capitalization of $576.91 million, a PE ratio of 19.87 and a beta of 1.02. The stock’s fifty day moving average is $11.30 and its 200 day moving average is $9.85. Gambling.com Group has a fifty-two week low of $7.51 and a fifty-two week high of $16.09. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.03 and a current ratio of 1.03.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Quarry LP lifted its holdings in shares of Gambling.com Group by 1,997.6% in the 2nd quarter. Quarry LP now owns 12,019 shares of the company’s stock worth $99,000 after buying an additional 11,446 shares during the period. Hsbc Holdings PLC bought a new stake in shares of Gambling.com Group in the second quarter valued at about $115,000. MetLife Investment Management LLC raised its holdings 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 acquiring an additional 6,519 shares in the last quarter. American Century Companies Inc. lifted its stake in Gambling.com Group by 38.0% in the second 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 period. Finally, Rhumbline Advisers grew its holdings in Gambling.com Group by 29.8% during the 2nd quarter. Rhumbline Advisers now owns 21,950 shares of the company’s stock worth $180,000 after acquiring an additional 5,043 shares in the last quarter. 72.26% of the stock is currently owned by hedge funds and other institutional investors.

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.