Gambling.com Group’s (GAMB) “Buy” Rating Reaffirmed at Benchmark

Gambling.com Group (NASDAQ:GAMB)‘s stock had its “buy” rating reiterated by research analysts at Benchmark in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $18.00 target price on the stock. Benchmark’s price target suggests a potential upside of 14.61% from the stock’s previous close.

GAMB has been the subject of a number of other research reports. 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 report on Friday, November 15th. BTIG Research upped their target price on shares of Gambling.com Group from $13.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Jefferies Financial Group upped their target price on shares of Gambling.com Group from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Macquarie upped their target price on shares of Gambling.com Group from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Finally, Craig Hallum upped their target price 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, December 13th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $16.88.

Gambling.com Group Price Performance

Shares of GAMB traded down $0.22 during mid-day trading on Thursday, reaching $15.71. The stock had a trading volume of 41,738 shares, compared to its average volume of 403,466. The firm has a market cap of $584.54 million, a price-to-earnings ratio of 20.06 and a beta of 0.99. Gambling.com Group has a 12 month low of $7.51 and a 12 month high of $17.14. The business has a fifty day moving average of $14.77 and a 200 day moving average of $12.01. 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 Investors Weigh In On Gambling.com Group

Several hedge funds and other institutional investors have recently made changes to their positions in GAMB. Global Retirement Partners LLC raised its stake in shares of 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 acquiring an additional 1,856 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Gambling.com Group by 1,968.4% in the fourth quarter. Russell Investments Group Ltd. now owns 2,420 shares of the company’s stock valued at $34,000 after acquiring an additional 2,303 shares during the period. Quadrant Capital Group LLC raised its stake in shares of Gambling.com Group by 481.8% in the fourth quarter. Quadrant Capital Group LLC now owns 2,461 shares of the company’s stock valued at $35,000 after acquiring an additional 2,038 shares during the period. IFP Advisors Inc purchased a new stake in shares of Gambling.com Group in the fourth quarter valued at $49,000. Finally, MetLife Investment Management LLC raised 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 valued at $124,000 after acquiring an additional 6,519 shares during the period. Hedge funds and other institutional investors own 72.26% of the company’s stock.

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.