Gambling.com Group (NASDAQ:GAMB) Shares Gap Up – Time to Buy?

Gambling.com Group Limited (NASDAQ:GAMB)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $14.53, but opened at $15.04. Gambling.com Group shares last traded at $15.13, with a volume of 80,881 shares changing hands.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Benchmark assumed coverage on Gambling.com Group in a research note on Wednesday, January 8th. They set a “buy” rating and a $16.00 target price for the company. Macquarie raised their target price on Gambling.com Group from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Craig Hallum raised their target price on Gambling.com Group from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, December 13th. 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 note on Friday, November 15th. Finally, Stifel Nicolaus lifted their price target on Gambling.com Group from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $16.63.

Gambling.com Group Price Performance

The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.20. The business has a 50-day moving average price of $14.11 and a two-hundred day moving average price of $11.49. The firm has a market capitalization of $574.86 million, a price-to-earnings ratio of 19.78 and a beta of 0.99.

Institutional Trading of Gambling.com Group

A number of institutional investors and hedge funds have recently made changes to their positions in GAMB. Global Retirement Partners LLC raised its position in shares of Gambling.com Group by 1,613.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,971 shares of the company’s stock worth $28,000 after purchasing an additional 1,856 shares during the period. IFP Advisors Inc acquired a new stake in shares of Gambling.com Group during the 4th quarter worth approximately $49,000. MetLife Investment Management LLC raised its position in shares of 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 purchasing an additional 6,519 shares during the period. New York State Common Retirement Fund grew its holdings in Gambling.com Group by 138.4% in the 4th quarter. New York State Common Retirement Fund now owns 10,497 shares of the company’s stock worth $148,000 after buying an additional 6,093 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in Gambling.com Group in the 4th quarter worth approximately $163,000. 72.26% of the stock is currently owned by institutional investors and hedge funds.

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.