Gambling.com Group Limited (NASDAQ:GAMB - Get Free Report) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 1,080,000 shares, an increase of 20.6% from the March 15th total of 895,800 shares. Currently, 6.4% of the shares of the stock are sold short. Based on an average daily volume of 437,700 shares, the short-interest ratio is presently 2.5 days.
Institutional Investors Weigh In On Gambling.com Group
Institutional investors and hedge funds have recently made changes to their positions in the business. Barclays PLC lifted its holdings in shares of Gambling.com Group by 94.0% in the third quarter. Barclays PLC now owns 38,494 shares of the company's stock valued at $385,000 after purchasing an additional 18,656 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Gambling.com Group in the 4th quarter worth $2,280,000. M&T Bank Corp purchased a new stake in shares of Gambling.com Group in the fourth quarter valued at about $195,000. Gagnon Securities LLC bought a new position in shares of Gambling.com Group during the 4th quarter worth approximately $317,000. Finally, IFP Advisors Inc purchased a new position in shares of Gambling.com Group in the 4th quarter worth approximately $49,000. Institutional investors and hedge funds own 72.26% of the company's stock.
Gambling.com Group Trading Up 2.7 %
Shares of Gambling.com Group stock traded up $0.33 during midday trading on Thursday, reaching $12.55. The company had a trading volume of 371,137 shares, compared to its average volume of 270,420. The firm has a market cap of $436.28 million, a PE ratio of 16.09 and a beta of 1.04. The stock has a fifty day moving average price of $12.89 and a 200 day moving average price of $12.93. 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 fifty-two week low of $7.52 and a fifty-two week high of $17.14.
Gambling.com Group (NASDAQ:GAMB - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.25 by $0.10. Gambling.com Group had a net margin of 23.40% and a return on equity of 25.06%. The company had revenue of $35.30 million during the quarter, compared to the consensus estimate of $35.20 million. The company's revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities analysts anticipate that Gambling.com Group will post 0.88 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on GAMB shares. Cantor Fitzgerald assumed coverage on Gambling.com Group in a research report on Wednesday, March 5th. They set an "overweight" rating and a $20.00 target price for the company. Truist Financial reduced their price objective on shares of Gambling.com Group from $18.00 to $17.00 and set a "buy" rating on the stock in a research note on Wednesday. Jefferies Financial Group lifted their price objective on Gambling.com Group from $20.00 to $21.00 and gave the stock a "buy" rating in a research note on Wednesday, January 15th. Benchmark reissued a "buy" rating and set a $18.00 target price on shares of Gambling.com Group in a research note on Thursday, February 20th. Finally, Macquarie upped their price objective on Gambling.com Group from $18.00 to $19.00 and gave the stock an "outperform" rating in a research report on Friday, March 21st. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, Gambling.com Group has an average rating of "Buy" and an average target price of $17.67.
Check Out Our Latest Research Report on GAMB
About Gambling.com Group
(
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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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