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

Gambling.com Group Limited (NASDAQ:GAMB) saw a large drop in short interest in 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 trading volume, of 144,700 shares, the short-interest ratio is currently 1.8 days. Approximately 1.6% of the company’s stock are short sold.

Hedge Funds Weigh In On Gambling.com Group

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Gambling.com Group by 57.0% in the 4th quarter. Vanguard Group Inc. now owns 90,184 shares of the company’s stock valued at $879,000 after buying an additional 32,736 shares during the period. American International Group Inc. grew its position in shares of Gambling.com Group by 43.2% in the 4th quarter. American International Group Inc. now owns 7,621 shares of the company’s stock valued at $74,000 after purchasing an additional 2,298 shares during the period. Quarry LP bought a new stake in Gambling.com Group during the 4th quarter worth approximately $27,000. Potomac Capital Management Inc. lifted its stake in Gambling.com Group by 3.3% in the fourth quarter. Potomac Capital Management Inc. now owns 219,300 shares of the company’s stock valued at $2,138,000 after buying an additional 7,104 shares in the last quarter. Finally, Barclays PLC increased its position in shares of Gambling.com Group by 83.2% during the fourth quarter. Barclays PLC now owns 35,473 shares of the company’s stock worth $347,000 after acquiring an additional 16,113 shares in the last quarter. 72.26% of the stock is currently owned by institutional investors and hedge funds.

Gambling.com Group Stock Down 0.7 %

Shares of GAMB opened at $8.46 on Tuesday. The business’s 50 day simple moving average is $8.95 and its 200-day simple moving average is $10.26. Gambling.com Group has a one year low of $8.38 and a one year high of $14.83. The company has a market capitalization of $314.88 million, a P/E ratio of 18.00 and a beta of 0.90. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.45 and a quick ratio of 1.45.

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

Wall Street Analysts Forecast Growth

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

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.