Gambling.com Group (NASDAQ:GAMB) Shares Down 2.5% – Time to Sell?

Shares of Gambling.com Group Limited (NASDAQ:GAMB) were down 2.5% during mid-day trading on Friday . The company traded as low as $14.49 and last traded at $14.55. Approximately 325,170 shares changed hands during trading, an increase of 73% from the average daily volume of 188,406 shares. The stock had previously closed at $14.93.

Wall Street Analyst Weigh In

A number of research firms have recently commented on GAMB. BTIG Research raised their price target on Gambling.com Group from $13.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Macquarie upped their price target 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. Stifel Nicolaus increased their price target on shares of Gambling.com Group from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, November 15th. 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 report on Friday, November 15th. Finally, Craig Hallum raised their price target 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. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $16.57.

Gambling.com Group Trading Down 2.9 %

The stock’s 50 day simple moving average is $11.83 and its 200 day simple moving average is $10.10. The firm has a market cap of $539.36 million, a PE ratio of 18.58 and a beta of 1.02. 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

A number of institutional investors have recently added to or reduced their stakes in the company. Yarra Square Partners LP boosted its holdings in shares of Gambling.com Group by 27.2% in the 2nd quarter. Yarra Square Partners LP now owns 312,981 shares of the company’s stock worth $2,573,000 after purchasing an additional 67,000 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Gambling.com Group by 4.2% in the second quarter. Renaissance Technologies LLC now owns 298,800 shares of the company’s stock worth $2,456,000 after buying an additional 12,000 shares in the last quarter. American Century Companies Inc. grew its position in 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 acquiring an additional 4,276 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Gambling.com Group by 13.7% during the second quarter. Dimensional Fund Advisors LP now owns 398,016 shares of the company’s stock worth $3,272,000 after acquiring an additional 47,843 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Gambling.com Group by 5.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 41,714 shares of the company’s stock worth $343,000 after acquiring an additional 2,090 shares during 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.