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

Gambling.com Group Limited (NASDAQ:GAMB - Get Free Report) was the recipient of a significant growth in short interest in May. As of May 31st, there was short interest totalling 1,540,000 shares, a growth of 36.3% from the May 15th total of 1,130,000 shares. Approximately 8.2% of the company's shares are sold short. Based on an average daily volume of 425,600 shares, the days-to-cover ratio is currently 3.6 days.

Gambling.com Group Price Performance

Shares of GAMB traded down $0.02 during mid-day trading on Friday, reaching $11.64. 335,059 shares of the stock traded hands, compared to its average volume of 309,464. The company has a market cap of $404.64 million, a price-to-earnings ratio of 12.00 and a beta of 0.95. Gambling.com Group has a 1 year low of $7.66 and a 1 year high of $17.14. The firm has a fifty day moving average price of $12.40 and a 200 day moving average price of $13.41. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.55.

Gambling.com Group (NASDAQ:GAMB - Get Free Report) last released its earnings results on Thursday, May 15th. The company reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.27. Gambling.com Group had a return on equity of 34.63% and a net margin of 24.97%. The company had revenue of $40.64 million during the quarter, compared to the consensus estimate of $40.07 million. As a group, equities research analysts predict that Gambling.com Group will post 0.88 earnings per share for the current year.

Wall Street Analyst Weigh In

GAMB has been the subject of several recent analyst reports. Macquarie increased their price objective on shares of Gambling.com Group from $18.00 to $19.00 and gave the stock an "outperform" rating in a research report on Friday, March 21st. Truist Financial lowered their price target on Gambling.com Group from $18.00 to $17.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Wall Street Zen raised shares of Gambling.com Group from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. Cantor Fitzgerald assumed coverage on shares of Gambling.com Group in a report on Wednesday, March 5th. They issued an "overweight" rating and a $20.00 price target on the stock. Finally, Benchmark reiterated a "buy" rating and issued a $18.00 price objective on shares of Gambling.com Group in a research note on Thursday, February 20th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $18.25.

Institutional Trading of Gambling.com Group

Institutional investors have recently bought and sold shares of the company. Jane Street Group LLC lifted its position in shares of Gambling.com Group by 119.4% during the 4th quarter. Jane Street Group LLC now owns 41,291 shares of the company's stock valued at $581,000 after buying an additional 22,471 shares in the last quarter. LPL Financial LLC lifted its position in Gambling.com Group by 8.7% during the fourth quarter. LPL Financial LLC now owns 28,549 shares of the company's stock valued at $402,000 after purchasing an additional 2,275 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in shares of Gambling.com Group in the 4th quarter worth about $1,337,000. Dimensional Fund Advisors LP increased its holdings in shares of Gambling.com Group by 12.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 503,426 shares of the company's stock worth $7,089,000 after buying an additional 56,268 shares during the last quarter. Finally, Centiva Capital LP bought a new position in shares of Gambling.com Group in the 4th quarter valued at about $274,000. 72.26% of the stock is owned by hedge funds and other institutional investors.

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.