JPMorgan Chase & Co. Purchases 129,279 Shares of Gambling.com Group Limited (NASDAQ:GAMB)

JPMorgan Chase & Co. grew its stake in Gambling.com Group Limited (NASDAQ:GAMB - Free Report) by 1,631.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 137,201 shares of the company's stock after purchasing an additional 129,279 shares during the period. JPMorgan Chase & Co. owned about 0.37% of Gambling.com Group worth $1,932,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. LPL Financial LLC boosted its position in shares of Gambling.com Group by 8.7% during the 4th quarter. LPL Financial LLC now owns 28,549 shares of the company's stock valued at $402,000 after acquiring an additional 2,275 shares in the last quarter. Barclays PLC boosted its holdings in Gambling.com Group by 94.0% during the third quarter. Barclays PLC now owns 38,494 shares of the company's stock valued at $385,000 after purchasing an additional 18,656 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Gambling.com Group in the 4th quarter valued at approximately $2,280,000. Gagnon Securities LLC acquired a new position in shares of Gambling.com Group in the 4th quarter worth approximately $317,000. Finally, M&T Bank Corp bought a new position in shares of Gambling.com Group during the 4th quarter worth approximately $195,000. Institutional investors own 72.26% of the company's stock.

Wall Street Analysts Forecast Growth

GAMB has been the subject of several recent analyst reports. Truist Financial dropped their price objective on Gambling.com Group from $18.00 to $17.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Cantor Fitzgerald began coverage on shares of Gambling.com Group in a report on Wednesday, March 5th. They set an "overweight" rating and a $20.00 price target for the company. Benchmark restated a "buy" rating and issued a $18.00 price target on shares of Gambling.com Group in a research report on Thursday, February 20th. Jefferies Financial Group lifted their target price on shares of Gambling.com Group from $20.00 to $21.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th. Finally, Macquarie increased their price target on Gambling.com Group from $18.00 to $19.00 and gave the stock an "outperform" rating in a research report on Friday, March 21st. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $17.67.

Gambling.com Group Trading Down 0.1 %

GAMB traded down $0.01 during trading on Wednesday, reaching $12.87. 275,753 shares of the company's stock were exchanged, compared to its average volume of 272,095. Gambling.com Group Limited has a fifty-two week low of $7.52 and a fifty-two week high of $17.14. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market capitalization of $447.40 million, a PE ratio of 16.50 and a beta of 1.04. The company's fifty day moving average price is $12.66 and its 200-day moving average price is $13.01.

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