Traders Buy High Volume of Gambling.com Group Call Options (NASDAQ:GAMB)

Gambling.com Group Limited (NASDAQ:GAMB) saw some unusual options trading activity on Monday. Stock traders acquired 5,025 call options on the company. This is an increase of approximately 2,259% compared to the typical volume of 213 call options.

Gambling.com Group Price Performance

GAMB traded up $0.25 on Monday, reaching $4.76. 6,680,289 shares of the company’s stock were exchanged, compared to its average volume of 607,891. The stock has a market cap of $167.18 million, a PE ratio of -5.03 and a beta of 0.83. Gambling.com Group has a twelve month low of $3.51 and a twelve month high of $14.95. The stock’s fifty day moving average price is $3.94 and its 200-day moving average price is $4.92. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21.

Gambling.com Group (NASDAQ:GAMB) last posted its quarterly earnings results on Thursday, March 12th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.10. The firm had revenue of $46.24 million for the quarter, compared to analyst estimates of $46.06 million. Gambling.com Group had a negative net margin of 19.90% and a positive return on equity of 38.87%. Sell-side analysts expect that Gambling.com Group will post 0.32 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on GAMB shares. Stifel Nicolaus cut their price objective on shares of Gambling.com Group from $8.00 to $6.00 and set a “buy” rating for the company in a report on Thursday, April 9th. Benchmark cut their price objective on shares of Gambling.com Group from $7.00 to $6.00 and set a “buy” rating for the company in a report on Friday, March 13th. Glj Research set a $7.50 price objective on shares of Gambling.com Group in a report on Thursday, March 12th. Jefferies Financial Group cut their price objective on shares of Gambling.com Group from $8.00 to $7.00 and set a “buy” rating for the company in a report on Friday, March 13th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Gambling.com Group in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $7.63.

Hedge Funds Weigh In On Gambling.com Group

A number of institutional investors have recently bought and sold shares of GAMB. Tower Research Capital LLC TRC raised its stake in Gambling.com Group by 653.8% during the second quarter. Tower Research Capital LLC TRC now owns 5,254 shares of the company’s stock worth $62,000 after purchasing an additional 4,557 shares during the period. SG Americas Securities LLC purchased a new position in Gambling.com Group during the fourth quarter worth about $65,000. Deutsche Bank AG raised its stake in Gambling.com Group by 3,262.2% during the fourth quarter. Deutsche Bank AG now owns 12,978 shares of the company’s stock worth $71,000 after purchasing an additional 12,592 shares during the period. HRT Financial LP purchased a new position in Gambling.com Group during the fourth quarter worth about $88,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Gambling.com Group during the fourth quarter worth about $99,000. 72.26% of the stock is owned by hedge funds and other institutional investors.

About Gambling.com Group

Gambling.com Group is a digital performance marketing company specializing in the online gambling industry. Through a diversified portfolio of affiliate websites, the company generates leads and traffic for operators in segments such as sports betting, online casino, poker, bingo and daily fantasy sports. Its platforms offer in-depth reviews, expert guides, comparison tools and editorial content designed to help players make informed choices and drive conversions for partner brands.

The group’s service offerings include search engine optimization, pay-per-click campaigns, display advertising, email marketing and social media management.