Gambling.com Group (NASDAQ:GAMB) Reaches New 1-Year High – What’s Next?

Gambling.com Group Limited (NASDAQ:GAMB)’s stock price 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.

Wall Street Analysts Forecast Growth

GAMB has been the topic of several recent analyst reports. Macquarie boosted their target price 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. BTIG Research boosted their target price on shares of Gambling.com Group from $13.00 to $19.00 and gave the company a “buy” rating in a report on Friday, December 13th. Jefferies Financial Group boosted their target price on shares of Gambling.com Group from $20.00 to $21.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Benchmark boosted their target price on shares of Gambling.com Group from $16.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Truist Financial reiterated a “buy” rating and issued a $16.00 target price (up from $13.00) on shares of Gambling.com Group in a report on Friday, November 15th. Eight analysts have rated the stock with a buy rating, According to MarketBeat, Gambling.com Group presently has a consensus rating of “Buy” and a consensus price target of $16.88.

Gambling.com Group Stock Performance

The firm’s 50 day moving average is $14.50 and its two-hundred day moving average is $11.79. The stock has a market capitalization of $612.60 million, a PE ratio of 21.17 and a beta of 0.99. 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

Large investors have recently modified their holdings of the company. Global Retirement Partners LLC increased its position in shares of Gambling.com Group by 1,613.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,971 shares of the company’s stock valued at $28,000 after purchasing an additional 1,856 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Gambling.com Group by 1,968.4% in the 4th quarter. Russell Investments Group Ltd. now owns 2,420 shares of the company’s stock valued at $34,000 after purchasing an additional 2,303 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Gambling.com Group by 481.8% in the 4th quarter. Quadrant Capital Group LLC now owns 2,461 shares of the company’s stock valued at $35,000 after purchasing an additional 2,038 shares during the last quarter. IFP Advisors Inc purchased a new stake in shares of Gambling.com Group in the 4th quarter valued at approximately $49,000. Finally, MetLife Investment Management LLC increased its position in shares of Gambling.com Group by 111.2% in the 3rd quarter. MetLife Investment Management LLC now owns 12,384 shares of the company’s stock valued at $124,000 after purchasing an additional 6,519 shares during the last quarter. 72.26% of the stock is owned by hedge funds and other institutional investors.

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.