Gambling.com Group Limited (NASDAQ:GAMB) Short Interest Down 6.2% in November

Gambling.com Group Limited (NASDAQ:GAMB) was the recipient of a large decrease in short interest in November. As of November 15th, there was short interest totalling 740,700 shares, a decrease of 6.2% from the October 31st total of 789,700 shares. Based on an average daily trading volume, of 167,400 shares, the days-to-cover ratio is presently 4.4 days. Approximately 4.5% of the shares of the stock are sold short.

Gambling.com Group Stock Down 0.7 %

NASDAQ:GAMB traded down $0.09 during trading hours on Tuesday, reaching $13.27. The company’s stock had a trading volume of 19,612 shares, compared to its average volume of 172,148. The stock has a 50 day moving average price of $10.54 and a two-hundred day moving average price of $9.47. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market capitalization of $493.91 million, a P/E ratio of 17.13 and a beta of 1.02. Gambling.com Group has a 12 month low of $7.51 and a 12 month high of $13.51.

Hedge Funds Weigh In On Gambling.com Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in GAMB. Barclays PLC boosted its stake in 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 acquiring an additional 18,656 shares in the last quarter. State Street Corp boosted its position in shares of Gambling.com Group by 4.2% in the 3rd quarter. State Street Corp now owns 194,120 shares of the company’s stock worth $1,945,000 after purchasing an additional 7,806 shares in the last quarter. MetLife Investment Management LLC grew its stake 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 worth $124,000 after buying an additional 6,519 shares during the last quarter. Quarry LP increased its position in Gambling.com Group by 1,997.6% during the 2nd quarter. Quarry LP now owns 12,019 shares of the company’s stock valued at $99,000 after buying an additional 11,446 shares in the last quarter. Finally, Gabelli Funds LLC raised its stake in Gambling.com Group by 4.2% in 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. Hedge funds and other institutional investors own 72.26% of the company’s stock.

Wall Street Analysts Forecast Growth

GAMB has been the topic of several analyst reports. Craig Hallum boosted their price objective on Gambling.com Group from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Stifel Nicolaus boosted their target price on Gambling.com Group from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Macquarie raised their price target on Gambling.com Group from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Finally, Truist Financial reiterated a “buy” rating and set a $16.00 price objective (up previously from $13.00) on shares of Gambling.com Group in a research report on Friday, November 15th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $15.00.

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.