Gambling.com Group (NASDAQ:GAMB) Price Target Raised to $21.00 at Jefferies Financial Group

Gambling.com Group (NASDAQ:GAMB) had its target price hoisted by investment analysts at Jefferies Financial Group from $20.00 to $21.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 49.68% from the company’s current price.

A number of other brokerages have also weighed in on GAMB. Benchmark assumed coverage on shares of Gambling.com Group in a research report on Wednesday, January 8th. They set a “buy” rating and a $16.00 target price for the company. Truist Financial reiterated a “buy” rating and issued a $16.00 price objective (up from $13.00) on shares of Gambling.com Group in a research note on Friday, November 15th. Stifel Nicolaus increased their target price on 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 boosted their price objective on Gambling.com Group from $13.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Finally, Macquarie raised their target price 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. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $16.63.

Gambling.com Group Stock Performance

Shares of NASDAQ GAMB traded up $0.51 during trading on Wednesday, reaching $14.03. 156,885 shares of the stock traded hands, compared to its average volume of 224,614. 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 stock has a market capitalization of $522.24 million, a P/E ratio of 17.99 and a beta of 1.00. Gambling.com Group has a 52-week low of $7.51 and a 52-week high of $16.09. The company has a 50-day moving average of $13.33 and a 200-day moving average of $10.88.

Institutional Investors Weigh In On Gambling.com Group

Several hedge funds have recently added to or reduced their stakes in GAMB. Bank of New York Mellon Corp lifted its stake 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 valued at $343,000 after acquiring an additional 2,090 shares during the last quarter. Rhumbline Advisers lifted its position in Gambling.com Group by 29.8% in the second quarter. Rhumbline Advisers now owns 21,950 shares of the company’s stock valued at $180,000 after purchasing an additional 5,043 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of 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 purchasing an additional 4,276 shares during the period. Dimensional Fund Advisors LP grew its holdings 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 purchasing an additional 47,843 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of 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 during the period. 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.