Gambling.com Group (NASDAQ:GAMB) Stock Price Down 5.4% – What’s Next?

Shares of Gambling.com Group Limited (NASDAQ:GAMB) dropped 5.4% during mid-day trading on Wednesday . The stock traded as low as $16.25 and last traded at $15.67. Approximately 101,277 shares traded hands during trading, a decline of 73% from the average daily volume of 374,947 shares. The stock had previously closed at $16.56.

Wall Street Analysts Forecast Growth

GAMB has been the subject of several analyst reports. Craig Hallum raised their price target on shares of Gambling.com Group from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Jefferies Financial Group lifted their target price 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. Benchmark reissued a “buy” rating and set a $18.00 target price on shares of Gambling.com Group in a research note on Thursday. Stifel Nicolaus lifted their target price on shares of Gambling.com Group from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, BTIG Research lifted their target price on shares of Gambling.com Group from $13.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $16.88.

Gambling.com Group Price Performance

The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $544.53 million, a price-to-earnings ratio of 18.76 and a beta of 0.99. The business’s fifty day simple moving average is $14.77 and its 200 day simple moving average is $12.03.

Institutional Investors Weigh In On Gambling.com Group

A number of large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio acquired a new stake in Gambling.com Group in the fourth quarter worth $197,000. AWM Investment Company Inc. grew its holdings in Gambling.com Group by 9.8% in the fourth quarter. AWM Investment Company Inc. now owns 1,517,259 shares of the company’s stock worth $21,363,000 after purchasing an additional 135,000 shares during the period. PharVision Advisers LLC acquired a new stake in Gambling.com Group in the fourth quarter worth $544,000. Squarepoint Ops LLC grew its holdings in Gambling.com Group by 95.5% in the fourth quarter. Squarepoint Ops LLC now owns 23,562 shares of the company’s stock worth $332,000 after purchasing an additional 11,508 shares during the period. Finally, State of Wyoming grew its holdings in Gambling.com Group by 134.6% in the fourth quarter. State of Wyoming now owns 25,616 shares of the company’s stock worth $361,000 after purchasing an additional 14,697 shares during the period. 72.26% of the stock is currently owned by institutional investors and hedge funds.

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.