Gambling.com Group (NASDAQ:GAMB) Reaches New 12-Month High – Time to Buy?

Gambling.com Group Limited (NASDAQ:GAMB)’s share price hit 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 Ratings Changes

GAMB has been the topic of several recent analyst reports. Truist Financial reiterated a “buy” rating and issued a $16.00 price target (up previously from $13.00) on shares of Gambling.com Group in a report on Friday, November 15th. Stifel Nicolaus lifted their target price 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, November 15th. Macquarie increased their price target on shares of Gambling.com Group from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Craig Hallum lifted their price objective on Gambling.com Group from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Friday. Finally, Jefferies Financial Group increased their target price on Gambling.com Group from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday. Seven analysts have rated the stock with a buy rating, According to MarketBeat, Gambling.com Group has an average rating of “Buy” and an average target price of $16.57.

Gambling.com Group Stock Performance

The stock has a market capitalization of $576.91 million, a P/E ratio of 19.87 and a beta of 1.02. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.20. The business has a fifty day moving average price of $11.30 and a 200-day moving average price of $9.85.

Institutional Trading of Gambling.com Group

Hedge funds have recently bought and sold shares of the stock. Quarry LP grew its position in shares of Gambling.com Group by 1,997.6% during the second quarter. Quarry LP now owns 12,019 shares of the company’s stock worth $99,000 after purchasing an additional 11,446 shares in the last quarter. Hsbc Holdings PLC bought a new stake in shares of Gambling.com Group in the second quarter valued at about $115,000. MetLife Investment Management LLC lifted 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 worth $124,000 after purchasing an additional 6,519 shares during the period. American Century Companies Inc. increased its holdings in shares of Gambling.com Group by 38.0% in the 2nd quarter. American Century Companies Inc. now owns 15,523 shares of the company’s stock valued at $128,000 after acquiring an additional 4,276 shares during the period. Finally, Rhumbline Advisers raised its holdings in Gambling.com Group by 29.8% in 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 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.