Gambling.com Group Limited (NASDAQ:GAMB) Short Interest Down 5.1% in March

Gambling.com Group Limited (NASDAQ:GAMB) was the recipient of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 266,700 shares, a decrease of 5.1% from the March 15th total of 280,900 shares. Currently, 1.6% of the shares of the stock are short sold. Based on an average trading volume of 144,700 shares, the days-to-cover ratio is presently 1.8 days.

Gambling.com Group Price Performance

Shares of NASDAQ:GAMB opened at $8.46 on Tuesday. Gambling.com Group has a one year low of $8.38 and a one year high of $14.83. The stock has a market cap of $314.88 million, a PE ratio of 18.00 and a beta of 0.90. The business’s fifty day moving average price is $8.95 and its two-hundred day moving average price is $10.26. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.45 and a current ratio of 1.45.

Gambling.com Group (NASDAQ:GAMB) last released its quarterly earnings results on Thursday, March 21st. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.01). The firm 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%. On average, analysts forecast that Gambling.com Group will post 0.82 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Institutional Trading of Gambling.com Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Clearbridge Investments LLC boosted its holdings in shares of Gambling.com Group by 30.1% during the first quarter. Clearbridge Investments LLC now owns 182,247 shares of the company’s stock worth $1,617,000 after purchasing an additional 42,195 shares during the last quarter. First Manhattan Co. acquired a new stake in Gambling.com Group in the 1st quarter worth about $39,000. Yarra Square Partners LP grew its holdings in Gambling.com Group by 30.4% in the 1st quarter. Yarra Square Partners LP now owns 107,860 shares of the company’s stock valued at $957,000 after buying an additional 25,127 shares during the period. JPMorgan Chase & Co. acquired a new position in shares of Gambling.com Group during the 2nd quarter valued at about $37,000. Finally, Northern Trust Corp purchased a new position in shares of Gambling.com Group during the 2nd quarter worth about $456,000. 72.26% of the stock is owned by hedge funds and other 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.