Gambling.com Group (NASDAQ:GAMB) Shares Gap Up – Still a Buy?

Gambling.com Group Limited (NASDAQ:GAMBGet Free Report)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $14.53, but opened at $15.04. Gambling.com Group shares last traded at $15.13, with a volume of 80,881 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on GAMB shares. Macquarie lifted their target price on Gambling.com Group from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Jefferies Financial Group upped their price objective on shares of Gambling.com Group from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. BTIG Research raised 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. Benchmark began 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 objective on the stock. Finally, Craig Hallum lifted their price objective on shares of Gambling.com Group from $16.00 to $18.00 and gave the company a “buy” rating in a report on Friday, December 13th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $16.63.

View Our Latest Research Report on Gambling.com Group

Gambling.com Group Price Performance

The stock’s 50-day moving average is $14.23 and its 200 day moving average is $11.55. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market cap of $614.73 million, a PE ratio of 21.21 and a beta of 0.99.

Institutional Trading of Gambling.com Group

A number of institutional investors have recently made changes to their positions in GAMB. Global Retirement Partners LLC raised its stake in Gambling.com Group by 1,613.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,971 shares of the company’s stock valued at $28,000 after buying an additional 1,856 shares during the last quarter. IFP Advisors Inc acquired a new position in shares of Gambling.com Group during the fourth quarter valued at about $49,000. New York State Common Retirement Fund raised its position in shares of Gambling.com Group by 138.4% in the 4th quarter. New York State Common Retirement Fund now owns 10,497 shares of the company’s stock valued at $148,000 after purchasing an additional 6,093 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Gambling.com Group in the 4th quarter worth approximately $163,000. Finally, MetLife Investment Management LLC grew its position in Gambling.com Group by 111.2% during the 3rd quarter. MetLife Investment Management LLC now owns 12,384 shares of the company’s stock worth $124,000 after purchasing an additional 6,519 shares during the last quarter. Institutional investors and hedge funds own 72.26% of the company’s stock.

Gambling.com Group Company Profile

(Get Free Report)

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.

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