Gambling.com Group Limited (NASDAQ:GAMB) Short Interest Update

Gambling.com Group Limited (NASDAQ:GAMB) was the target of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 266,700 shares, a drop of 5.1% from the March 15th total of 280,900 shares. Based on an average daily volume of 144,700 shares, the short-interest ratio is presently 1.8 days. Currently, 1.6% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, TheStreet lowered Gambling.com Group from a “b” rating to a “c” rating in a research report on Monday, January 8th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $15.57.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Exchange Traded Concepts LLC acquired a new position in Gambling.com Group during the 4th quarter worth approximately $649,000. Acadian Asset Management LLC lifted its holdings in shares of Gambling.com Group by 151.6% in the 3rd quarter. Acadian Asset Management LLC now owns 353,050 shares of the company’s stock worth $4,605,000 after purchasing an additional 212,742 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in Gambling.com Group in the 3rd quarter valued at $275,000. Algert Global LLC bought a new stake in Gambling.com Group during the 3rd quarter valued at $145,000. Finally, Fuller & Thaler Asset Management Inc. acquired a new position in Gambling.com Group during the third quarter worth $2,043,000. Institutional investors and hedge funds own 72.26% of the company’s stock.

Gambling.com Group Stock Performance

Shares of Gambling.com Group stock opened at $8.60 on Thursday. The business has a 50-day moving average price of $8.93 and a two-hundred day moving average price of $10.21. Gambling.com Group has a 1-year low of $8.35 and a 1-year high of $14.83. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.01. The company has a market cap of $320.12 million, a P/E ratio of 18.30 and a beta of 0.90.

Gambling.com Group (NASDAQ:GAMB) last released its earnings results on Thursday, March 21st. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.01). The business had revenue of $32.53 million for the quarter, compared to analyst estimates of $27.63 million. Gambling.com Group had a return on equity of 24.50% and a net margin of 16.81%. As a group, analysts anticipate that Gambling.com Group will post 0.82 EPS for the current year.

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.