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

Gambling.com Group (NASDAQ:GAMB) had its price objective raised by Macquarie from $14.00 to $16.00 in a research report released on Monday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

Several other equities research analysts also recently commented on the company. Craig Hallum boosted their target price on Gambling.com Group from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Truist Financial reissued a “buy” rating and set a $16.00 price objective (up from $13.00) on shares of Gambling.com Group in a research report on Friday, November 15th. Finally, Stifel Nicolaus upped their target price on shares of Gambling.com Group from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Gambling.com Group currently has an average rating of “Buy” and a consensus price target of $15.00.

Gambling.com Group Stock Performance

Shares of GAMB opened at $12.91 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.20. The stock has a market cap of $480.55 million, a P/E ratio of 16.55 and a beta of 0.86. The business’s 50 day moving average price is $10.15 and its 200-day moving average price is $9.27. Gambling.com Group has a 52 week low of $7.51 and a 52 week high of $13.08.

Institutional Investors Weigh In On Gambling.com Group

A number of institutional investors and hedge funds have recently bought and sold shares of GAMB. Clearbridge Investments LLC lifted its holdings in shares of Gambling.com Group by 10.4% in the first quarter. Clearbridge Investments LLC now owns 972,250 shares of the company’s stock worth $8,877,000 after buying an additional 91,799 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Gambling.com Group by 13.7% in the second quarter. Dimensional Fund Advisors LP now owns 398,016 shares of the company’s stock worth $3,272,000 after buying an additional 47,843 shares in the last quarter. Yarra Square Partners LP boosted its stake in Gambling.com Group by 27.2% during the second quarter. Yarra Square Partners LP now owns 312,981 shares of the company’s stock valued at $2,573,000 after buying an additional 67,000 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Gambling.com Group by 4.2% during the 2nd quarter. Renaissance Technologies LLC now owns 298,800 shares of the company’s stock valued at $2,456,000 after buying an additional 12,000 shares in the last quarter. Finally, Wedge Capital Management L L P NC increased its stake in Gambling.com Group by 197.7% in the 2nd quarter. Wedge Capital Management L L P NC now owns 202,727 shares of the company’s stock worth $1,666,000 after acquiring an additional 134,620 shares during the last quarter. 72.26% of the stock is owned by 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.