Gambling.com Group (NASDAQ:GAMB) Hits New 12-Month High – What’s Next?

Shares of Gambling.com Group Limited (NASDAQ:GAMB) hit a new 52-week high during trading on Friday . The company traded as high as $16.84 and last traded at $16.56, with a volume of 2878 shares. The stock had previously closed at $16.44.

Wall Street Analyst Weigh In

GAMB has been the subject of several research reports. Truist Financial reissued a “buy” rating and set a $16.00 price objective (up from $13.00) on shares of Gambling.com Group in a report on Friday, November 15th. Craig Hallum boosted their target price 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 raised their price target on Gambling.com Group from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. BTIG Research upped their price objective on Gambling.com Group from $13.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Finally, Stifel Nicolaus raised their target price on Gambling.com Group from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $16.88.

Gambling.com Group Price Performance

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 stock has a market cap of $623.44 million, a P/E ratio of 21.47 and a beta of 0.99. The firm has a 50 day moving average price of $14.57 and a 200 day moving average price of $11.86.

Hedge Funds Weigh In On Gambling.com Group

A number of hedge funds have recently modified their holdings of GAMB. Dimensional Fund Advisors LP raised its position in shares of Gambling.com Group by 12.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 503,426 shares of the company’s stock valued at $7,089,000 after purchasing an additional 56,268 shares during the period. Topline Capital Management LLC bought a new stake in Gambling.com Group during the fourth quarter valued at about $6,700,000. Hillsdale Investment Management Inc. lifted its position in shares of Gambling.com Group by 1,320.6% in the fourth quarter. Hillsdale Investment Management Inc. now owns 339,531 shares of the company’s stock valued at $4,781,000 after acquiring an additional 315,631 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of Gambling.com Group by 501.1% in the fourth quarter. Marshall Wace LLP now owns 323,781 shares of the company’s stock worth $4,559,000 after acquiring an additional 269,916 shares during the period. Finally, Orvieto Partners L.P. purchased a new stake in shares of Gambling.com Group during the fourth quarter worth about $3,098,000. 72.26% of the stock is currently owned by institutional investors.

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.