Gambling.com Group Limited (NASDAQ:GAMB) Sees Large Growth in Short Interest

Gambling.com Group Limited (NASDAQ:GAMB) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 651,100 shares, a growth of 12.3% from the September 15th total of 579,800 shares. Approximately 4.1% of the shares of the stock are short sold. Based on an average trading volume of 175,800 shares, the short-interest ratio is presently 3.7 days.

Analysts Set New Price Targets

A number of analysts recently weighed in on GAMB shares. Truist Financial reiterated a “buy” rating and issued a $13.00 price target (up from $12.00) on shares of Gambling.com Group in a research report on Friday, August 16th. Craig Hallum lifted their price objective on shares of Gambling.com Group from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Gambling.com Group presently has a consensus rating of “Buy” and an average target price of $13.25.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Clearbridge Investments LLC increased its position in Gambling.com Group by 10.4% in the first quarter. Clearbridge Investments LLC now owns 972,250 shares of the company’s stock worth $8,877,000 after buying an additional 91,799 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Gambling.com Group by 13.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 398,016 shares of the company’s stock valued at $3,272,000 after acquiring an additional 47,843 shares during the period. Yarra Square Partners LP lifted its holdings in Gambling.com Group by 27.2% during the second quarter. Yarra Square Partners LP now owns 312,981 shares of the company’s stock valued at $2,573,000 after purchasing an additional 67,000 shares during the last quarter. Renaissance Technologies LLC boosted its position in Gambling.com Group by 4.2% during the second quarter. Renaissance Technologies LLC now owns 298,800 shares of the company’s stock worth $2,456,000 after purchasing an additional 12,000 shares during the period. Finally, Wedge Capital Management L L P NC raised its position in shares of Gambling.com Group by 197.7% in the second quarter. Wedge Capital Management L L P NC now owns 202,727 shares of the company’s stock valued at $1,666,000 after purchasing an additional 134,620 shares during the period. 72.26% of the stock is owned by institutional investors.

Gambling.com Group Stock Down 1.0 %

Shares of NASDAQ:GAMB traded down $0.10 during midday trading on Thursday, hitting $9.89. 7,327 shares of the company’s stock were exchanged, compared to its average volume of 161,218. Gambling.com Group has a 12 month low of $7.51 and a 12 month high of $13.88. The company has a market cap of $368.14 million, a PE ratio of 20.39 and a beta of 0.85. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a 50 day moving average price of $9.93 and a 200-day moving average price of $9.02.

Gambling.com Group (NASDAQ:GAMB) last announced its quarterly earnings data on Thursday, August 15th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.07. The firm had revenue of $30.54 million during the quarter, compared to the consensus estimate of $27.11 million. Gambling.com Group had a return on equity of 22.98% and a net margin of 22.13%. On average, sell-side analysts anticipate that Gambling.com Group will post 0.79 EPS for the current fiscal year.

Gambling.com Group Company Profile

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.