Gambling.com Group Limited (NASDAQ:GAMB - Get Free Report) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 651,100 shares, a growth of 12.3% from the September 15th total of 579,800 shares. Based on an average trading volume of 175,800 shares, the short-interest ratio is presently 3.7 days. Approximately 4.1% of the shares of the company are sold short.
Institutional Trading of Gambling.com Group
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Capstone Investment Advisors LLC increased its holdings in Gambling.com Group by 9.0% in the 1st quarter. Capstone Investment Advisors LLC now owns 32,700 shares of the company's stock worth $299,000 after acquiring an additional 2,700 shares in the last quarter. Clearbridge Investments LLC increased its stake in shares of Gambling.com Group by 10.4% in the first quarter. Clearbridge Investments LLC now owns 972,250 shares of the company's stock worth $8,877,000 after purchasing an additional 91,799 shares in the last quarter. Wedge Capital Management L L P NC increased its stake in shares of Gambling.com Group by 197.7% in the second quarter. Wedge Capital Management L L P NC now owns 202,727 shares of the company's stock worth $1,666,000 after purchasing an additional 134,620 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Gambling.com Group by 5.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 41,714 shares of the company's stock valued at $343,000 after purchasing an additional 2,090 shares during the period. Finally, Rhumbline Advisers lifted 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 valued at $180,000 after buying an additional 5,043 shares in the last quarter. Hedge funds and other institutional investors own 72.26% of the company's stock.
Gambling.com Group Stock Performance
Shares of NASDAQ:GAMB traded up $0.02 during trading on Tuesday, hitting $9.90. The company's stock had a trading volume of 139,138 shares, compared to its average volume of 162,324. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market cap of $368.51 million, a price-to-earnings ratio of 20.12 and a beta of 0.85. The company has a 50-day moving average of $9.89 and a 200-day moving average of $9.01. Gambling.com Group has a 12 month low of $7.51 and a 12 month high of $13.88.
Gambling.com Group (NASDAQ:GAMB - Get Free Report) last issued its quarterly earnings results on Thursday, August 15th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.07. The business had revenue of $30.54 million for the quarter, compared to analysts' expectations of $27.11 million. Gambling.com Group had a net margin of 22.13% and a return on equity of 22.98%. On average, sell-side analysts expect that Gambling.com Group will post 0.79 earnings per share for the current year.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the stock. Craig Hallum boosted their price objective on shares of Gambling.com Group from $12.00 to $14.00 and gave the company a "buy" rating in a report on Friday, August 16th. Truist Financial reaffirmed a "buy" rating and issued a $13.00 target price (up previously from $12.00) on shares of Gambling.com Group in a research report on Friday, August 16th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $13.25.
Check Out Our Latest Stock 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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