Short Interest in Gambling.com Group Limited (NASDAQ:GAMB) Rises By 18.4%

Gambling.com Group Limited (NASDAQ:GAMB) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totalling 509,900 shares, an increase of 18.4% from the July 15th total of 430,500 shares. Based on an average daily trading volume, of 178,800 shares, the days-to-cover ratio is presently 2.9 days. Approximately 3.2% of the company’s shares are sold short.

Gambling.com Group Stock Down 2.3 %

GAMB stock traded down $0.25 during trading on Friday, reaching $10.65. The stock had a trading volume of 485,648 shares, compared to its average volume of 171,384. The firm has a fifty day moving average price of $8.62 and a 200 day moving average price of $8.70. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $396.42 million, a P/E ratio of 21.73 and a beta of 0.86. Gambling.com Group has a 1-year low of $7.51 and a 1-year high of $14.83.

Gambling.com Group (NASDAQ:GAMB) last released its earnings results on Thursday, May 16th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.06. Gambling.com Group had a return on equity of 23.12% and a net margin of 17.06%. The company had revenue of $29.22 million for the quarter, compared to the consensus estimate of $28.35 million. On average, equities analysts anticipate that Gambling.com Group will post 0.76 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Truist Financial restated a “buy” rating and issued a $13.00 price objective (up from $12.00) on shares of Gambling.com Group in a report on Friday. B. Riley dropped their target price on Gambling.com Group from $14.50 to $13.00 and set a “buy” rating for the company in a research report on Friday, May 17th. Craig Hallum increased their price target on shares of Gambling.com Group from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Stifel Nicolaus reduced their target price on shares of Gambling.com Group from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, May 17th. Four analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $13.25.

Hedge Funds Weigh In On Gambling.com Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Strs Ohio boosted its holdings in shares of Gambling.com Group by 38.1% in the fourth quarter. Strs Ohio now owns 54,700 shares of the company’s stock valued at $533,000 after acquiring an additional 15,100 shares in the last quarter. Calamos Advisors LLC raised its stake in shares of Gambling.com Group by 474.3% in the 4th quarter. Calamos Advisors LLC now owns 75,183 shares of the company’s stock worth $733,000 after buying an additional 62,091 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in shares of Gambling.com Group by 101.3% in the fourth quarter. New York State Common Retirement Fund now owns 8,739 shares of the company’s stock valued at $85,000 after buying an additional 4,398 shares during the period. Russell Investments Group Ltd. boosted its stake in Gambling.com Group by 237.3% during the fourth quarter. Russell Investments Group Ltd. now owns 183,611 shares of the company’s stock valued at $1,790,000 after buying an additional 129,182 shares in the last quarter. Finally, M&T Bank Corp acquired a new position in Gambling.com Group during the fourth quarter worth about $107,000. 72.26% of the stock is currently owned by institutional investors and hedge funds.

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.