Gambling.com Group Limited (NASDAQ:GAMB) Sees Large Growth in Short Interest

Gambling.com Group Limited (NASDAQ:GAMB) was the target of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 751,100 shares, a growth of 209.0% from the January 31st total of 243,100 shares. Currently, 4.4% of the company’s stock are sold short. Based on an average trading volume of 387,200 shares, the days-to-cover ratio is presently 1.9 days.

Gambling.com Group Stock Performance

GAMB stock traded up $0.02 during mid-day trading on Friday, reaching $14.22. 400,026 shares of the stock traded hands, compared to its average volume of 416,806. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.20. Gambling.com Group has a 52 week low of $7.51 and a 52 week high of $17.14. The business has a 50-day moving average of $14.67 and a two-hundred day moving average of $12.28. The firm has a market capitalization of $529.31 million, a PE ratio of 18.23 and a beta of 0.99.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on GAMB shares. Benchmark reaffirmed a “buy” rating and issued a $18.00 price target on shares of Gambling.com Group in a research note on Thursday, February 20th. Jefferies Financial Group increased their target price on shares of Gambling.com Group from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Macquarie increased their target price on shares of Gambling.com Group from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Truist Financial reissued 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 target price on shares of Gambling.com Group from $13.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $16.88.

Institutional Investors Weigh In On Gambling.com Group

A number of hedge funds have recently bought and sold shares of GAMB. Global Retirement Partners LLC lifted its stake in shares of Gambling.com Group by 1,613.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,971 shares of the company’s stock valued at $28,000 after buying an additional 1,856 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Gambling.com Group by 1,968.4% in the fourth quarter. Russell Investments Group Ltd. now owns 2,420 shares of the company’s stock valued at $34,000 after buying an additional 2,303 shares during the period. Quadrant Capital Group LLC lifted its stake in shares of Gambling.com Group by 481.8% in the fourth quarter. Quadrant Capital Group LLC now owns 2,461 shares of the company’s stock valued at $35,000 after buying an additional 2,038 shares during the period. IFP Advisors Inc bought a new stake in shares of Gambling.com Group in the fourth quarter valued at about $49,000. Finally, MetLife Investment Management LLC lifted its stake in shares of Gambling.com Group by 111.2% in the third quarter. MetLife Investment Management LLC now owns 12,384 shares of the company’s stock valued at $124,000 after buying an additional 6,519 shares during the period. 72.26% of the stock is currently owned by institutional investors.

Gambling.com Group Company Profile

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.