Gambling.com Group (NASDAQ:GAMB) Receives $20.00 Price Target from Jefferies Financial Group

On December 15, 2024, research analysts at Jefferies Financial Group revised their target price for Gambling.com Group (NASDAQ:GAMB) from $18.00 to $20.00. This information was shared in a report published on Friday, which included a "buy" rating for the stock. The new price target suggests a potential upside of 29.03% based on the company’s previous closing price.

Other investment firms have also recently commented on Gambling.com Group. Stifel Nicolaus raised their target price from $13.00 to $14.00 and affirmed a "buy" rating on November 15th. On the same day, Truist Financial maintained a "buy" rating and increased their price target from $13.00 to $16.00. Craig Hallum also lifted their target price from $14.00 to $16.00 while keeping a "buy" rating. Moreover, Macquarie reported a similar increase in their price target, raising it to $16.00 and designating the stock as "outperform." Currently, seven research analysts have issued a buy rating for the stock, leading to a consensus rating of "Buy" with an average price target of $16.57, according to MarketBeat.com.

Recent Trading Activity of Gambling.com Group

On the trading day following the news, Gambling.com Group's stock opened at $15.50. The company has a market capitalization of $576.96 million and a price-to-earnings ratio of 19.87, with a beta of 1.02. The stock's 50-day simple moving average stands at $11.30, while the 200-day moving average is $9.86. Throughout the past year, Gambling.com Group has experienced a low of $7.51 and a high of $16.09. The company's financial ratios indicate a debt-to-equity ratio of 0.20, a current ratio of 1.03, and a quick ratio of 1.03.

Institutional Investor Activity

Several institutional investors have recently adjusted their stakes in Gambling.com Group. For instance, Quarry LP notably increased its holdings by 1,997.6% in the second quarter, now owning 12,019 shares valued at $99,000 after adding 11,446 shares. HSBC Holdings PLC also entered a new position with shares valued around $115,000. Additionally, MetLife Investment Management LLC expanded its holdings by 111.2% in the third quarter, acquiring 6,519 additional shares to reach a total of 12,384 shares worth $124,000. American Century Companies Inc. and Rhumbline Advisers similarly raised their stakes, with 15,523 and 21,950 shares, respectively. Overall, 72.26% of Gambling.com Group's stock is owned by institutional investors and hedge funds.

About Gambling.com Group

Gambling.com Group Limited operates as a performance marketing company focusing on the global online gambling sector. The company offers digital marketing services primarily for iGaming and social casino products. Its operations specialize in online casino, online sports betting, and fantasy sports. Gambling.com Group manages a portfolio of branded websites, such as Gambling.com, Casinos.com, RotoWire.com, and Bookies.com.

Gambling, Stocks, Target