Gambling.com Group Limited (NASDAQ:GAMB) Short Interest Update

Gambling.com Group Limited (NASDAQ:GAMB) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totalling 430,500 shares, an increase of 23.2% from the June 30th total of 349,300 shares. Approximately 2.7% of the shares of the company are sold short. Based on an average daily volume of 171,300 shares, the short-interest ratio is currently 2.5 days.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on GAMB shares. B. Riley decreased their price target on shares of Gambling.com Group from $14.50 to $13.00 and set a “buy” rating for the company in a research note on Friday, May 17th. Stifel Nicolaus decreased their target price on Gambling.com Group from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, May 17th. Finally, Craig Hallum dropped their price target on Gambling.com Group from $15.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, May 17th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Gambling.com Group presently has an average rating of “Buy” and a consensus price target of $14.60.

Institutional Trading of Gambling.com Group

Several institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp increased its stake in shares of Gambling.com Group by 5.3% in the second quarter. Bank of New York Mellon Corp now owns 41,714 shares of the company’s stock worth $343,000 after buying an additional 2,090 shares during the period. Capstone Investment Advisors LLC raised its stake in shares of Gambling.com Group by 9.0% during the first quarter. Capstone Investment Advisors LLC now owns 32,700 shares of the company’s stock valued at $299,000 after acquiring an additional 2,700 shares during the last quarter. New York State Common Retirement Fund raised its stake in shares of Gambling.com Group by 101.3% during the fourth quarter. New York State Common Retirement Fund now owns 8,739 shares of the company’s stock valued at $85,000 after acquiring an additional 4,398 shares during the last quarter. M&T Bank Corp purchased a new stake in shares of Gambling.com Group during the fourth quarter worth about $107,000. Finally, Strs Ohio grew its stake 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 worth $533,000 after purchasing an additional 15,100 shares during the last quarter. 72.26% of the stock is currently owned by hedge funds and other institutional investors.

Gambling.com Group Price Performance

Shares of GAMB stock traded up $0.08 during trading on Tuesday, hitting $9.60. The company had a trading volume of 152,229 shares, compared to its average volume of 156,496. Gambling.com Group has a 52 week low of $7.51 and a 52 week high of $14.83. The stock has a market capitalization of $357.31 million, a price-to-earnings ratio of 19.59 and a beta of 0.85. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.01. The stock’s 50-day moving average is $8.24 and its two-hundred day moving average is $8.70.

Gambling.com Group (NASDAQ:GAMB) last released its earnings results on Thursday, May 16th. The company reported $0.20 EPS for the quarter, beating 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 business had revenue of $29.22 million for the quarter, compared to analysts’ expectations of $28.35 million. As a group, analysts predict that Gambling.com Group will post 0.76 EPS for the current fiscal year.

About Gambling.com Group

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.