Short Interest in Gambling.com Group Limited (NASDAQ:GAMB) Drops By 33.4%

Gambling.com Group Limited (NASDAQ:GAMB) was the target of a large decrease in short interest in 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. Based on an average daily trading volume, of 247,300 shares, the short-interest ratio is currently 1.3 days. Approximately 1.9% of the company’s shares are short sold.

Gambling.com Group Stock Down 1.3 %

Shares of NASDAQ:GAMB opened at $14.25 on Monday. The firm has a market capitalization of $530.43 million, a PE ratio of 18.27 and a beta of 1.02. Gambling.com Group has a 1 year low of $7.51 and a 1 year high of $16.09. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 1.03. The firm’s 50-day moving average is $12.27 and its two-hundred day moving average is $10.36.

Institutional Investors Weigh In On Gambling.com Group

Several large investors have recently added to or reduced their stakes in the business. Gabelli Funds LLC boosted its position in Gambling.com Group by 4.2% in the 2nd 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 period. Bank of New York Mellon Corp raised its stake in shares of Gambling.com Group by 5.3% in 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 in the last quarter. American Century Companies Inc. boosted its holdings 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 purchasing an additional 4,276 shares during the period. Rhumbline Advisers grew its stake in Gambling.com Group by 29.8% during the 2nd quarter. Rhumbline Advisers now owns 21,950 shares of the company’s stock worth $180,000 after purchasing an additional 5,043 shares in the last quarter. Finally, MetLife Investment Management LLC increased its holdings 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 purchasing an additional 6,519 shares during the period. 72.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GAMB has been the topic of several analyst reports. BTIG Research lifted their price target on shares of Gambling.com Group from $13.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Stifel Nicolaus lifted 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. Jefferies Financial Group increased their price target on Gambling.com Group from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Macquarie boosted their price objective on shares of Gambling.com Group from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Finally, Truist Financial reaffirmed a “buy” rating and set a $16.00 target price (up previously from $13.00) on shares of Gambling.com Group in a research note on Friday, November 15th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $16.57.

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.