Gambling.com Group Limited (NASDAQ:GAMB) Short Interest Up 21.5% in October

Gambling.com Group Limited (NASDAQ:GAMB) saw a significant growth in short interest in October. As of October 31st, there was short interest totalling 789,700 shares, a growth of 21.5% from the October 15th total of 650,100 shares. Based on an average daily volume of 170,700 shares, the days-to-cover ratio is currently 4.6 days. Approximately 5.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Stifel Nicolaus upped their price objective on shares of Gambling.com Group from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Friday. Truist Financial reaffirmed a “buy” rating and issued a $16.00 price target (up from $13.00) on shares of Gambling.com Group in a research note on Friday. Finally, Craig Hallum lifted their price objective on Gambling.com Group from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Friday. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Gambling.com Group currently has a consensus rating of “Buy” and an average target price of $14.75.

Institutional Trading of Gambling.com Group

Several institutional investors have recently made changes to their positions in GAMB. Clearbridge Investments LLC lifted 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 valued at $8,877,000 after buying an additional 91,799 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings 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 purchasing an additional 47,843 shares during the last quarter. Yarra Square Partners LP increased its holdings in Gambling.com Group by 27.2% in the 2nd 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 raised its position in Gambling.com Group by 4.2% in the second quarter. Renaissance Technologies LLC now owns 298,800 shares of the company’s stock valued at $2,456,000 after purchasing an additional 12,000 shares during the period. Finally, Wedge Capital Management L L P NC lifted its stake in Gambling.com Group by 197.7% during the second quarter. Wedge Capital Management L L P NC now owns 202,727 shares of the company’s stock worth $1,666,000 after purchasing an additional 134,620 shares in the last quarter. Hedge funds and other institutional investors own 72.26% of the company’s stock.

Gambling.com Group Trading Down 5.3 %

NASDAQ GAMB traded down $0.66 on Friday, reaching $11.77. 418,131 shares of the company were exchanged, compared to its average volume of 208,387. Gambling.com Group has a fifty-two week low of $7.51 and a fifty-two week high of $13.00. The stock has a market capitalization of $438.08 million, a P/E ratio of 15.09 and a beta of 0.86. The business’s fifty day moving average price is $10.01 and its 200 day moving average price is $9.20. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.17.

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 analyst estimates of $27.11 million. Gambling.com Group had a net margin of 23.40% and a return on equity of 25.28%. Analysts forecast that Gambling.com Group will post 0.8 earnings per share for the current 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.