Brokerages Set Gambling.com Group Limited (NASDAQ:GAMB) PT at $15.57

Gambling.com Group Limited (NASDAQ:GAMB) has earned a consensus recommendation of “Buy” from the seven brokerages that are currently covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a buy rating. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $15.57.

Separately, TheStreet lowered shares of Gambling.com Group from a “b” rating to a “c” rating in a report on Monday, January 8th.

Institutional Investors Weigh In On Gambling.com Group

A number of institutional investors have recently added to or reduced their stakes in GAMB. Dorsey Wright & Associates purchased a new stake in Gambling.com Group during the 3rd quarter valued at approximately $26,000. UBS Group AG grew its holdings in Gambling.com Group by 348.6% during the 3rd quarter. UBS Group AG now owns 3,472 shares of the company’s stock valued at $27,000 after buying an additional 2,698 shares in the last quarter. Quarry LP purchased a new stake in Gambling.com Group during the 4th quarter valued at approximately $27,000. American International Group Inc. purchased a new stake in Gambling.com Group during the 2nd quarter valued at approximately $32,000. Finally, Citigroup Inc. grew its holdings in Gambling.com Group by 317,600.0% during the 2nd quarter. Citigroup Inc. now owns 3,177 shares of the company’s stock valued at $33,000 after buying an additional 3,176 shares in the last quarter. 72.26% of the stock is owned by hedge funds and other institutional investors.

Gambling.com Group Price Performance

NASDAQ GAMB opened at $9.28 on Tuesday. Gambling.com Group has a 52 week low of $8.39 and a 52 week high of $14.83. The firm has a market capitalization of $345.40 million, a P/E ratio of 19.75 and a beta of 0.90. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average price of $8.99 and a 200-day moving average price of $10.45.

About Gambling.com Group

Gambling.com Group Limited operates as a performance marketing company for the online gambling industry worldwide. The company provides digital marketing services for the iGaming and sports betting. It publishes various branded websites, including Gambling.com, Bookies.com, RotoWire.com, and BonusFinder.com.