Gambling.com Group (NASDAQ:GAMB) Sets New 52-Week High – Still a Buy?

Gambling.com Group Limited (NASDAQ:GAMB)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $16.25 and last traded at $16.39, with a volume of 97318 shares changing hands. The stock had previously closed at $15.74.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on GAMB shares. Truist Financial reaffirmed a “buy” rating and issued a $16.00 target price (up previously from $13.00) on shares of Gambling.com Group in a research report on Friday, November 15th. Stifel Nicolaus upped their price target on Gambling.com Group from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Jefferies Financial Group increased their price objective on shares of Gambling.com Group from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Craig Hallum boosted 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. Finally, Macquarie raised their price target on shares of Gambling.com Group from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $16.63.

Gambling.com Group Trading Up 1.4 %

The firm has a market cap of $593.81 million, a P/E ratio of 20.44 and a beta of 0.99. The business’s 50 day moving average is $14.17 and its 200-day moving average is $11.52. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.20.

Hedge Funds Weigh In On Gambling.com Group

Hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in Gambling.com Group by 13.7% during the 2nd 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 during the last quarter. MetLife Investment Management LLC raised its position in shares of Gambling.com Group by 111.2% during the 3rd 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 in the last quarter. State Street Corp lifted its stake in Gambling.com Group by 4.2% during the third quarter. State Street Corp now owns 194,120 shares of the company’s stock worth $1,945,000 after purchasing an additional 7,806 shares during the last quarter. Barclays PLC boosted its holdings in Gambling.com Group by 94.0% in the third quarter. Barclays PLC now owns 38,494 shares of the company’s stock worth $385,000 after purchasing an additional 18,656 shares during the period. Finally, SG Americas Securities LLC bought a new stake in Gambling.com Group during the fourth quarter valued at $163,000. 72.26% of the stock is currently owned by institutional investors and hedge funds.

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.