Gambling.com Group Limited (NASDAQ:GAMB) Short Interest Down 6.2% in November

Gambling.com Group Limited (NASDAQ:GAMB) saw a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 740,700 shares, a decline of 6.2% from the October 31st total of 789,700 shares. Based on an average daily volume of 167,400 shares, the short-interest ratio is presently 4.4 days. Currently, 4.5% of the company’s shares are sold short.

Gambling.com Group Stock Up 2.1 %

Shares of NASDAQ GAMB traded up $0.28 during midday trading on Tuesday, hitting $13.64. 316,746 shares of the company’s stock were exchanged, compared to its average volume of 173,099. The firm’s fifty day simple moving average is $10.54 and its 200-day simple moving average is $9.47. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 1.03. Gambling.com Group has a twelve month low of $7.51 and a twelve month high of $13.67. The company has a market cap of $507.68 million, a PE ratio of 17.01 and a beta of 1.02.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on GAMB shares. Macquarie upped their target price on Gambling.com Group from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Craig Hallum lifted their price objective on shares of Gambling.com Group from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Truist Financial reiterated a “buy” rating and issued a $16.00 price objective (up previously from $13.00) on shares of Gambling.com Group in a report on Friday, November 15th. Finally, Stifel Nicolaus boosted their target price on Gambling.com Group from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $15.00.

Institutional Trading of Gambling.com Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP increased its stake in shares of Gambling.com Group by 1,997.6% in the second quarter. Quarry LP now owns 12,019 shares of the company’s stock worth $99,000 after buying an additional 11,446 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in shares of Gambling.com Group during the 2nd quarter valued at $115,000. MetLife Investment Management LLC lifted its position in shares of Gambling.com Group by 111.2% in the 3rd quarter. MetLife Investment Management LLC now owns 12,384 shares of the company’s stock valued at $124,000 after acquiring an additional 6,519 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Gambling.com Group by 38.0% in the second quarter. American Century Companies Inc. now owns 15,523 shares of the company’s stock worth $128,000 after purchasing an additional 4,276 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Gambling.com Group by 29.8% during the 2nd quarter. Rhumbline Advisers now owns 21,950 shares of the company’s stock worth $180,000 after purchasing an additional 5,043 shares in the last quarter. Hedge funds and other institutional investors own 72.26% of the company’s stock.

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.