JPMorgan Chase & Co. Sells 9,832 Shares of Gambling.com Group Limited (NASDAQ:GAMB)

JPMorgan Chase & Co. lowered its holdings in shares of Gambling.com Group Limited (NASDAQ:GAMB) by 55.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 7,922 shares of the company’s stock after selling 9,832 shares during the period. JPMorgan Chase & Co.’s holdings in Gambling.com Group were worth $79,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of GAMB. Dimensional Fund Advisors LP raised its stake in Gambling.com Group by 13.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 398,016 shares of the company’s stock valued at $3,272,000 after acquiring an additional 47,843 shares during the period. State Street Corp lifted its stake in shares of Gambling.com Group by 4.2% during the 3rd quarter. State Street Corp now owns 194,120 shares of the company’s stock worth $1,945,000 after buying an additional 7,806 shares during the last quarter. Barclays PLC boosted its holdings in shares of Gambling.com Group by 94.0% during the 3rd quarter. Barclays PLC now owns 38,494 shares of the company’s stock worth $385,000 after buying an additional 18,656 shares during the period. Hsbc Holdings PLC acquired a new position in Gambling.com Group in the 2nd quarter valued at about $115,000. Finally, MetLife Investment Management LLC raised its holdings in Gambling.com Group by 111.2% in the 3rd quarter. MetLife Investment Management LLC now owns 12,384 shares of the company’s stock valued at $124,000 after acquiring an additional 6,519 shares during the period. Institutional investors and hedge funds own 72.26% of the company’s stock.

Gambling.com Group Stock Up 0.6 %

GAMB opened at $14.17 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.20. The company’s 50-day moving average price is $14.08 and its two-hundred day moving average price is $11.45. Gambling.com Group Limited has a twelve month low of $7.51 and a twelve month high of $16.09. The stock has a market cap of $527.41 million, a price-to-earnings ratio of 18.17 and a beta of 0.99.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Craig Hallum upped their target price on Gambling.com Group from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, December 13th. BTIG Research lifted their target price on Gambling.com Group from $13.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Truist Financial reaffirmed a “buy” rating and set a $16.00 price target (up from $13.00) on shares of Gambling.com Group in a research report on Friday, November 15th. Macquarie increased their price target on Gambling.com Group from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Finally, Benchmark assumed coverage on shares of Gambling.com Group in a report on Wednesday, January 8th. They set a “buy” rating and a $16.00 price target for the company. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $16.63.

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.