Gambling.com Group (NASDAQ:GAMB) Price Target Raised to $20.00 at Jefferies Financial Group

Gambling.com Group (NASDAQ:GAMB) had its price target lifted by equities researchers at Jefferies Financial Group from $18.00 to $20.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s target price indicates a potential upside of 27.96% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Stifel Nicolaus boosted 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. Craig Hallum boosted their target price on Gambling.com Group from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Truist Financial reissued 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. Finally, Macquarie boosted their target price on Gambling.com Group from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Gambling.com Group currently has a consensus rating of “Buy” and a consensus target price of $15.83.

Gambling.com Group Stock Performance

Shares of Gambling.com Group stock opened at $15.63 on Friday. The stock has a market cap of $581.75 million, a price-to-earnings ratio of 20.04 and a beta of 1.02. The firm’s 50-day moving average is $11.19 and its 200 day moving average is $9.79. Gambling.com Group has a 1 year low of $7.51 and a 1 year high of $16.09. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick 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. Quarry LP increased its holdings in Gambling.com Group by 1,997.6% in the 2nd quarter. Quarry LP now owns 12,019 shares of the company’s stock worth $99,000 after acquiring an additional 11,446 shares in the last quarter. Hsbc Holdings PLC purchased a new stake in Gambling.com Group in the 2nd quarter worth approximately $115,000. MetLife Investment Management LLC increased its holdings in Gambling.com Group by 111.2% in the 3rd quarter. MetLife Investment Management LLC now owns 12,384 shares of the company’s stock worth $124,000 after acquiring an additional 6,519 shares in the last quarter. American Century Companies Inc. increased its holdings in Gambling.com Group by 38.0% in the 2nd quarter. American Century Companies Inc. now owns 15,523 shares of the company’s stock worth $128,000 after acquiring an additional 4,276 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in Gambling.com Group by 29.8% in the 2nd quarter. Rhumbline Advisers now owns 21,950 shares of the company’s stock worth $180,000 after acquiring an additional 5,043 shares in the last quarter. 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.