Short Interest in Gambling.com Group Limited (NASDAQ:GAMB) Increases By 31.9%
by Renee Jackson · The Cerbat GemGambling.com Group Limited (NASDAQ:GAMB – Get Free Report) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totaling 2,837,140 shares, a growth of 31.9% from the March 15th total of 2,151,301 shares. Approximately 19.2% of the shares of the company are sold short. Based on an average trading volume of 706,834 shares, the short-interest ratio is currently 4.0 days.
Analysts Set New Price Targets
Several analysts have weighed in on GAMB shares. Wall Street Zen raised Gambling.com Group from a “sell” rating to a “hold” rating in a research note on Saturday. Glj Research set a $7.50 target price on Gambling.com Group in a research note on Thursday, March 12th. Stifel Nicolaus cut their target price on Gambling.com Group from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, April 9th. Jefferies Financial Group lowered their price target on Gambling.com Group from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Friday, March 13th. Finally, Truist Financial lowered their price target on Gambling.com Group from $6.00 to $5.00 and set a “hold” rating on the stock in a research report on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $7.63.
Check Out Our Latest Stock Analysis on GAMB
Gambling.com Group Price Performance
Shares of GAMB stock traded up $0.14 during mid-day trading on Wednesday, hitting $3.81. 417,440 shares of the stock traded hands, compared to its average volume of 560,600. Gambling.com Group has a twelve month low of $3.58 and a twelve month high of $14.95. The firm has a market cap of $133.73 million, a price-to-earnings ratio of -4.01 and a beta of 0.91. The company’s 50-day simple moving average is $4.08 and its 200-day simple moving average is $5.34. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21.
Gambling.com Group (NASDAQ:GAMB – Get Free Report) last issued its quarterly earnings results on Thursday, March 12th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.10. The company had revenue of $46.24 million for the quarter, compared to analysts’ expectations of $46.06 million. Gambling.com Group had a positive return on equity of 38.87% and a negative net margin of 19.90%. As a group, equities research analysts expect that Gambling.com Group will post 0.88 earnings per share for the current year.
Hedge Funds Weigh In On Gambling.com Group
A number of hedge funds have recently modified their holdings of the stock. Millennium Management LLC grew its holdings in shares of Gambling.com Group by 231.9% in the 3rd quarter. Millennium Management LLC now owns 1,231,370 shares of the company’s stock worth $10,073,000 after acquiring an additional 860,369 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Gambling.com Group by 3.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 632,330 shares of the company’s stock worth $5,173,000 after acquiring an additional 19,592 shares during the last quarter. Punch & Associates Investment Management Inc. grew its holdings in shares of Gambling.com Group by 1.7% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 628,315 shares of the company’s stock worth $5,140,000 after acquiring an additional 10,415 shares during the last quarter. Tocqueville Asset Management L.P. grew its holdings in shares of Gambling.com Group by 57.3% during the fourth quarter. Tocqueville Asset Management L.P. now owns 365,000 shares of the company’s stock valued at $1,993,000 after buying an additional 133,000 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its holdings in shares of Gambling.com Group by 55.2% during the third quarter. Qube Research & Technologies Ltd now owns 300,483 shares of the company’s stock valued at $2,458,000 after buying an additional 106,920 shares in the last quarter. 72.26% of the stock is currently owned by institutional investors and hedge funds.
About Gambling.com Group
Gambling.com Group is a digital performance marketing company specializing in the online gambling industry. Through a diversified portfolio of affiliate websites, the company generates leads and traffic for operators in segments such as sports betting, online casino, poker, bingo and daily fantasy sports. Its platforms offer in-depth reviews, expert guides, comparison tools and editorial content designed to help players make informed choices and drive conversions for partner brands.
The group’s service offerings include search engine optimization, pay-per-click campaigns, display advertising, email marketing and social media management.