Gambling.com Group Limited (NASDAQ:GAMB) Holdings Lifted by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its holdings in shares of Gambling.com Group Limited (NASDAQ:GAMB - Free Report) by 1,631.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 137,201 shares of the company's stock after acquiring an additional 129,279 shares during the quarter. JPMorgan Chase & Co. owned 0.37% of Gambling.com Group worth $1,932,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Exchange Traded Concepts LLC grew its position in Gambling.com Group by 2.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 49,799 shares of the company's stock valued at $701,000 after purchasing an additional 1,325 shares in the last quarter. Global Retirement Partners LLC raised its holdings in shares of Gambling.com Group by 1,613.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,971 shares of the company's stock worth $28,000 after acquiring an additional 1,856 shares in the last quarter. LPL Financial LLC boosted its position in Gambling.com Group by 8.7% during the fourth quarter. LPL Financial LLC now owns 28,549 shares of the company's stock valued at $402,000 after purchasing an additional 2,275 shares during the last quarter. IFP Advisors Inc purchased a new position in Gambling.com Group in the fourth quarter valued at about $49,000. Finally, Bank of New York Mellon Corp increased its position in Gambling.com Group by 12.1% in the 4th quarter. Bank of New York Mellon Corp now owns 34,540 shares of the company's stock worth $486,000 after purchasing an additional 3,729 shares during the last quarter. Hedge funds and other institutional investors own 72.26% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Jefferies Financial Group boosted their price target on Gambling.com Group from $20.00 to $21.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th. Cantor Fitzgerald began coverage on shares of Gambling.com Group in a research note on Wednesday, March 5th. They issued an "overweight" rating and a $20.00 price objective for the company. Benchmark reaffirmed a "buy" rating and issued a $18.00 price target on shares of Gambling.com Group in a research report on Thursday, February 20th. Macquarie increased their price objective on Gambling.com Group from $18.00 to $19.00 and gave the company an "outperform" rating in a report on Friday, March 21st. Finally, Truist Financial decreased their target price on Gambling.com Group from $18.00 to $17.00 and set a "buy" rating for the company in a research report on Wednesday. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $17.67.

Gambling.com Group Stock Up 2.7 %

Shares of GAMB stock opened at $12.55 on Friday. The stock has a 50 day moving average of $12.89 and a 200-day moving average of $12.93. The firm has a market cap of $436.28 million, a PE ratio of 16.09 and a beta of 1.04. 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 Limited has a 12 month low of $7.52 and a 12 month high of $17.14.

Gambling.com Group (NASDAQ:GAMB - Get Free Report) last released its earnings results on Thursday, March 20th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.25 by $0.10. The firm had revenue of $35.30 million during the quarter, compared to analysts' expectations of $35.20 million. Gambling.com Group had a net margin of 23.40% and a return on equity of 25.06%. The firm's revenue was up 8.6% on a year-over-year basis. On average, equities analysts predict that Gambling.com Group Limited will post 0.88 EPS for the current year.

Gambling.com Group 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.

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