Gambling.com Group (NASDAQ:GAMB) Hits New 52-Week High – Time to Buy?

Gambling.com Group Limited (NASDAQ:GAMB) shares reached a new 52-week high on Friday . The stock traded as high as $16.84 and last traded at $16.56, with a volume of 2878 shares trading hands. The stock had previously closed at $16.44.

Analysts Set New Price Targets

Several analysts have commented on the stock. Jefferies Financial Group boosted their price target on shares of Gambling.com Group from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Macquarie increased their price target on Gambling.com Group from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Truist Financial reaffirmed a “buy” rating and issued a $16.00 price objective (up previously from $13.00) on shares of Gambling.com Group in a research note on Friday, November 15th. BTIG Research upped their price objective on Gambling.com Group from $13.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Finally, Craig Hallum boosted their price target 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 analysts have rated the stock with a buy rating, According to MarketBeat.com, Gambling.com Group has a consensus rating of “Buy” and a consensus target price of $16.88.

Gambling.com Group Stock Up 1.9 %

The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.03 and a current ratio of 1.03. The company has a fifty day moving average of $14.57 and a two-hundred day moving average of $11.86. The company has a market cap of $623.44 million, a PE ratio of 21.47 and a beta of 0.99.

Institutional Investors Weigh In On Gambling.com Group

Several institutional investors have recently made changes to their positions in GAMB. Topline Capital Management LLC purchased a new stake in Gambling.com Group in the 4th quarter worth about $6,700,000. Hillsdale Investment Management Inc. lifted its stake in shares of Gambling.com Group by 1,320.6% during the 4th quarter. Hillsdale Investment Management Inc. now owns 339,531 shares of the company’s stock worth $4,781,000 after acquiring an additional 315,631 shares during the last quarter. Marshall Wace LLP boosted its holdings in Gambling.com Group by 501.1% during the 4th quarter. Marshall Wace LLP now owns 323,781 shares of the company’s stock valued at $4,559,000 after acquiring an additional 269,916 shares during the period. Orvieto Partners L.P. bought a new position in Gambling.com Group in the 4th quarter valued at $3,098,000. Finally, Topsail Wealth Management LLC purchased a new stake in Gambling.com Group in the fourth quarter worth $2,400,000. 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.