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

Gambling.com Group Limited (NASDAQ:GAMB)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $15.00 and last traded at $14.95, with a volume of 193319 shares trading hands. The stock had previously closed at $13.27.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on GAMB. Craig Hallum boosted their price target on Gambling.com Group from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday. BTIG Research boosted 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 report on Friday. Stifel Nicolaus raised their price target on shares of Gambling.com Group from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Macquarie lifted their target price on Gambling.com Group from $14.00 to $16.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Finally, Truist Financial restated a “buy” rating and set a $16.00 target price (up from $13.00) on shares of Gambling.com Group in a research report on Friday, November 15th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $16.57.

Gambling.com Group Trading Down 0.8 %

The company has a 50 day moving average price of $11.30 and a two-hundred day moving average price of $9.85. The firm has a market capitalization of $576.91 million, a price-to-earnings ratio of 19.87 and a beta of 1.02. 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 Trading of Gambling.com Group

Several institutional investors have recently modified their holdings of the stock. Quarry LP raised its position in shares of Gambling.com Group by 1,997.6% during the 2nd quarter. Quarry LP now owns 12,019 shares of the company’s stock worth $99,000 after purchasing an additional 11,446 shares during the last quarter. MetLife Investment Management LLC increased its stake in Gambling.com Group by 111.2% during the 3rd quarter. MetLife Investment Management LLC now owns 12,384 shares of the company’s stock worth $124,000 after buying an additional 6,519 shares in the last quarter. Hsbc Holdings PLC acquired a new position in shares of Gambling.com Group during the second quarter valued at approximately $115,000. American Century Companies Inc. boosted its stake in shares of Gambling.com Group by 38.0% in the second 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 during the last quarter. Finally, Rhumbline Advisers increased its position in shares of Gambling.com Group by 29.8% during the second quarter. Rhumbline Advisers now owns 21,950 shares of the company’s stock worth $180,000 after purchasing an additional 5,043 shares in the last quarter. Institutional investors and hedge funds 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.