Gambling.com Group Limited (NASDAQ:GAMB – Get Rating) saw a significant growth in short interest in the month of December. As of December 30th, there was short interest totalling 90,400 shares, a growth of 26.4% from the December 15th total of 71,500 shares. Based on an average trading volume of 47,200 shares, the days-to-cover ratio is currently 1.9 days. Currently, 1.0% of the company's shares are sold short.
Institutional Investors Weigh In On Gambling.com Group
Several large investors have recently bought and sold shares of GAMB. Clearbridge Investments LLC increased its holdings in Gambling.com Group by 30.1% in the 1st quarter. Clearbridge Investments LLC now owns 182,247 shares of the company's stock worth $1,617,000 after buying an additional 42,195 shares in the last quarter. First Manhattan Co. bought a new stake in shares of Gambling.com Group during the 1st quarter valued at about $39,000. Yarra Square Partners LP grew its stake in shares of Gambling.com Group by 30.4% during the 1st quarter. Yarra Square Partners LP now owns 107,860 shares of the company's stock valued at $957,000 after purchasing an additional 25,127 shares during the period. JPMorgan Chase & Co. bought a new stake in shares of Gambling.com Group during the 2nd quarter valued at about $37,000. Finally, Prescott Group Capital Management L.L.C. bought a new stake in shares of Gambling.com Group during the 2nd quarter valued at about $1,132,000. 9.94% of the stock is currently owned by institutional investors.
Get Gambling.com Group alerts:Wall Street Analysts Forecast Growth
Several equities analysts have commented on GAMB shares. Stifel Nicolaus raised their price objective on Gambling.com Group from $11.00 to $12.00 and gave the company a "buy" rating in a research report on Friday, November 18th. Truist Financial raised their price objective on Gambling.com Group from $10.50 to $12.00 and gave the company a "buy" rating in a research report on Tuesday, October 25th.
Gambling.com Group Stock Down 0.2 %
Shares of GAMB traded down $0.02 during trading hours on Friday, hitting $9.25. The company had a trading volume of 75,136 shares, compared to its average volume of 47,180. The firm has a fifty day moving average price of $9.27 and a 200-day moving average price of $8.34. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a market capitalization of $312.74 million, a price-to-earnings ratio of 46.25 and a beta of 1.68. Gambling.com Group has a 52-week low of $6.62 and a 52-week high of $12.96.Gambling.com Group (NASDAQ:GAMB – Get Rating) last posted its quarterly earnings results on Thursday, November 17th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.11. The firm had revenue of $19.65 million during the quarter, compared to analyst estimates of $17.32 million. Gambling.com Group had a return on equity of 17.56% and a net margin of 11.72%. On average, equities research analysts forecast that Gambling.com Group will post 0.25 EPS for the current fiscal year.
About Gambling.com Group
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Gambling.com Group Limited operates as a performance marketing company for the online gambling industry worldwide. The company provides digital marketing services for the iGaming and sports betting. It publishes various branded websites, including Gambling.com and Bookies.com. Gambling.com Group Limited was incorporated in 2006 and is based in St.
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