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

Gambling.com Group Limited (NASDAQ:GAMB) was the target of a large drop in short interest in December. As of December 15th, there was short interest totalling 313,200 shares, a drop of 33.4% from the November 30th total of 470,500 shares. Approximately 1.9% of the company’s stock are sold short. Based on an average trading volume of 247,300 shares, the short-interest ratio is currently 1.3 days.

Institutional Investors Weigh In On Gambling.com Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. 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 purchasing an additional 11,446 shares in the last quarter. Hsbc Holdings PLC purchased a new position in Gambling.com Group in the 2nd quarter valued at approximately $115,000. MetLife Investment Management LLC raised its holdings in Gambling.com Group by 111.2% during 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 during the period. American Century Companies Inc. lifted its position in shares of Gambling.com Group by 38.0% during the second quarter. American Century Companies Inc. now owns 15,523 shares of the company’s stock worth $128,000 after acquiring an additional 4,276 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of Gambling.com Group by 29.8% in the second quarter. Rhumbline Advisers now owns 21,950 shares of the company’s stock worth $180,000 after acquiring an additional 5,043 shares during the period. 72.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GAMB has been the subject of several recent analyst reports. Macquarie upped their target price on shares of Gambling.com Group from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. BTIG Research lifted their target price on shares of Gambling.com Group from $13.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Jefferies Financial Group boosted their target price on Gambling.com Group from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Craig Hallum increased their price target on Gambling.com Group from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Finally, Stifel Nicolaus boosted their price objective on Gambling.com Group from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $16.57.

Gambling.com Group Stock Performance

NASDAQ:GAMB opened at $14.25 on Friday. Gambling.com Group has a 1 year low of $7.51 and a 1 year high of $16.09. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 1.03. The business has a fifty day simple moving average of $12.27 and a two-hundred day simple moving average of $10.33. The company has a market capitalization of $530.43 million, a P/E ratio of 18.27 and a beta of 1.02.

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.