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

Key Points

• Gambling.com Group experienced a significant increase in short interest, rising to 2,150,000 shares in August, which is a 52.5% increase from July.
• Several analysts downgraded Gambling.com Group from "buy" to "hold" ratings, with Truist Financial reducing their price target from $17.00 to $11.00.
• The company reported a quarterly EPS of $0.37, exceeding expectations and indicating a promising financial outlook.

Gambling.com Group Limited (NASDAQ:GAMB - Get Free Report) was the target of a significant growth in short interest in the month of August. As of August 15th, there was short interest totaling 2,150,000 shares, agrowthof52.5% from the July 31st total of 1,410,000 shares. Based on an average trading volume of 540,500 shares, the days-to-cover ratio is currently 4.0 days. Currently,10.9% of the company's stock are sold short. Currently,10.9% of the company's stock are sold short. Based on an average trading volume of 540,500 shares, the days-to-cover ratio is currently 4.0 days.

Analyst Upgrades and Downgrades

GAMB has been the topic of a number of recent research reports. Wall Street Zen lowered Gambling.com Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Truist Financial lowered Gambling.com Group from a "buy" rating to a "hold" rating and cut their price objective for the stock from $17.00 to $11.00 in a research report on Friday, August 15th. BTIG Research cut their price objective on Gambling.com Group from $19.00 to $12.00 and set a "buy" rating on the stock in a research report on Friday, August 15th. Stifel Nicolaus cut their price objective on Gambling.com Group from $18.00 to $15.00 and set a "buy" rating on the stock in a research report on Friday, August 15th. Finally, Jefferies Financial Group cut their price objective on Gambling.com Group from $18.00 to $15.00 and set a "buy" rating on the stock in a research report on Friday, August 15th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, Gambling.com Group currently has an average rating of "Moderate Buy" and an average price target of $16.00.

Institutional Investors Weigh In On Gambling.com Group

Several hedge funds have recently made changes to their positions in GAMB. G2 Investment Partners Management LLC boosted its stake in shares of Gambling.com Group by 70.9% during the second quarter. G2 Investment Partners Management LLC now owns 1,802,443 shares of the company's stock worth $21,431,000 after buying an additional 747,559 shares during the period. Driehaus Capital Management LLC acquired a new stake in shares of Gambling.com Group during the fourth quarter worth about $7,168,000. Boothbay Fund Management LLC boosted its stake in shares of Gambling.com Group by 225.2% during the second quarter. Boothbay Fund Management LLC now owns 669,989 shares of the company's stock worth $7,966,000 after buying an additional 463,993 shares during the period. Divisadero Street Capital Management LP acquired a new stake in shares of Gambling.com Group during the second quarter worth about $3,635,000. Finally, American Century Companies Inc. boosted its stake in shares of Gambling.com Group by 362.2% during the second quarter. American Century Companies Inc. now owns 193,669 shares of the company's stock worth $2,303,000 after buying an additional 151,767 shares during the period. Institutional investors and hedge funds own 72.26% of the company's stock.

Gambling.com Group Stock Performance

NASDAQ GAMB traded up $0.04 during trading hours on Friday, hitting $8.26. The company had a trading volume of 714,268 shares, compared to its average volume of 956,675. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.59 and a current ratio of 0.59. Gambling.com Group has a 1-year low of $8.03 and a 1-year high of $17.14. The company has a market cap of $294.96 million, a PE ratio of 20.65 and a beta of 0.89. The business has a 50 day moving average of $10.25 and a 200-day moving average of $11.78.

Gambling.com Group (NASDAQ:GAMB - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.25. Gambling.com Group had a net margin of 9.66% and a return on equity of 38.04%. The company had revenue of $39.59 million during the quarter, compared to the consensus estimate of $38.93 million. Gambling.com Group has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Gambling.com Group will post 0.88 EPS for the current 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.

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