Gambling.com Group Limited (NASDAQ:GAMB - Get Free Report) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 313,200 shares, a decrease of 33.4% from the November 30th total of 470,500 shares. Currently, 1.9% of the company's shares are short sold. Based on an average daily volume of 247,300 shares, the short-interest ratio is currently 1.3 days.
Institutional Investors Weigh In On Gambling.com Group
Institutional investors have recently added to or reduced their stakes in the stock. Gabelli Funds LLC lifted its position in shares of Gambling.com Group by 4.2% during the second quarter. Gabelli Funds LLC now owns 32,000 shares of the company's stock valued at $263,000 after buying an additional 1,300 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Gambling.com Group by 5.3% during the second quarter. Bank of New York Mellon Corp now owns 41,714 shares of the company's stock valued at $343,000 after acquiring an additional 2,090 shares during the last quarter. American Century Companies Inc. boosted its stake in Gambling.com Group by 38.0% in the second quarter. American Century Companies Inc. now owns 15,523 shares of the company's stock valued at $128,000 after acquiring an additional 4,276 shares in the last quarter. Rhumbline Advisers grew its holdings in 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 purchasing an additional 5,043 shares during the last quarter. Finally, MetLife Investment Management LLC grew its holdings in Gambling.com Group by 111.2% in the third quarter. MetLife Investment Management LLC now owns 12,384 shares of the company's stock worth $124,000 after purchasing an additional 6,519 shares during the last quarter. Institutional investors own 72.26% of the company's stock.
Gambling.com Group Stock Down 1.3 %
NASDAQ GAMB traded down $0.19 during midday trading on Friday, hitting $14.25. 183,878 shares of the company traded hands, compared to its average volume of 188,508. The company has a market cap of $530.43 million, a PE ratio of 18.27 and a beta of 1.02. 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 52 week low of $7.51 and a 52 week high of $16.09. The company's 50-day simple moving average is $12.27 and its 200-day simple moving average is $10.35.
Analysts Set New Price Targets
A number of brokerages recently weighed in on GAMB. Stifel Nicolaus lifted their price objective on shares of Gambling.com Group from $13.00 to $14.00 and gave the company a "buy" rating in a report on Friday, November 15th. Macquarie lifted their price target on shares of Gambling.com Group from $14.00 to $16.00 and gave the company an "outperform" rating in a research note on Monday, November 18th. Jefferies Financial Group increased their price objective 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. Truist Financial reaffirmed a "buy" rating and set a $16.00 target price (up from $13.00) on shares of Gambling.com Group in a research report on Friday, November 15th. Finally, BTIG Research increased their price target on Gambling.com Group from $13.00 to $19.00 and gave the stock a "buy" rating in a research report on Friday, December 13th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $16.57.
Read Our Latest Research Report on Gambling.com Group
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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