Macquarie Issues Positive Forecast for Gambling.com Group (NASDAQ:GAMB) Stock Price

Gambling.com Group (NASDAQ:GAMB) had its target price hoisted by Macquarie from $14.00 to $16.00 in a research note issued to investors on Monday,Benzinga reports. Macquarie currently has an outperform rating on the stock.

A number of other research analysts have also weighed in on the stock. Stifel Nicolaus raised their price target on shares of Gambling.com Group from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Friday. Truist Financial reiterated a “buy” rating and set a $16.00 price target (up from $13.00) on shares of Gambling.com Group in a research report on Friday. Finally, Craig Hallum upped their target price on shares of Gambling.com Group from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Friday. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Gambling.com Group has a consensus rating of “Buy” and an average price target of $15.00.

Gambling.com Group Stock Performance

Shares of NASDAQ GAMB opened at $11.96 on Monday. Gambling.com Group has a 1 year low of $7.51 and a 1 year high of $13.00. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.99 and a current ratio of 0.99. The company’s fifty day moving average price is $10.04 and its 200 day moving average price is $9.22. The company has a market capitalization of $445.15 million, a PE ratio of 15.33 and a beta of 0.86.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Clearbridge Investments LLC boosted its holdings in Gambling.com Group by 10.4% in the 1st quarter. Clearbridge Investments LLC now owns 972,250 shares of the company’s stock valued at $8,877,000 after purchasing an additional 91,799 shares during the last quarter. Wedge Capital Management L L P NC grew its position in Gambling.com Group by 197.7% in the second quarter. Wedge Capital Management L L P NC now owns 202,727 shares of the company’s stock worth $1,666,000 after acquiring an additional 134,620 shares during the period. Bank of New York Mellon Corp increased its stake in Gambling.com Group by 5.3% during the second quarter. Bank of New York Mellon Corp now owns 41,714 shares of the company’s stock worth $343,000 after acquiring an additional 2,090 shares during the last quarter. Rhumbline Advisers raised 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 period. Finally, American Century Companies Inc. lifted its position in Gambling.com Group by 38.0% in the second quarter. American Century Companies Inc. now owns 15,523 shares of the company’s stock valued at $128,000 after buying an additional 4,276 shares during the last quarter. Institutional investors and hedge funds own 72.26% of the company’s stock.

Gambling.com Group Company Profile

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.