Jump Financial LLC Takes Position in Gambling.com Group Limited (NASDAQ:GAMB)

Jump Financial LLC purchased a new stake in shares of Gambling.com Group Limited (NASDAQ:GAMB) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 10,888 shares of the company’s stock, valued at approximately $153,000.

A number of other hedge funds have also bought and sold shares of the company. Exchange Traded Concepts LLC raised its stake 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 worth $701,000 after buying an additional 1,325 shares during the last quarter. Global Retirement Partners LLC raised its stake in 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 buying an additional 1,856 shares during the last quarter. Quadrant Capital Group LLC raised its stake in Gambling.com Group by 481.8% during the fourth quarter. Quadrant Capital Group LLC now owns 2,461 shares of the company’s stock worth $35,000 after buying an additional 2,038 shares during the last quarter. LPL Financial LLC raised its stake in Gambling.com Group by 8.7% during the fourth quarter. LPL Financial LLC now owns 28,549 shares of the company’s stock worth $402,000 after buying an additional 2,275 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Gambling.com Group by 1,968.4% during the fourth quarter. Russell Investments Group Ltd. now owns 2,420 shares of the company’s stock worth $34,000 after buying an additional 2,303 shares during the last quarter. Institutional investors own 72.26% of the company’s stock.

Gambling.com Group Stock Up 0.1 %

Shares of NASDAQ GAMB opened at $12.79 on Tuesday. The stock has a market capitalization of $444.62 million, a P/E ratio of 16.40 and a beta of 1.04. The company has a 50-day moving average price of $12.76 and a 200-day moving average price of $13.02. Gambling.com Group Limited has a 1 year low of $7.52 and a 1 year high of $17.14. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 1.03.

Gambling.com Group (NASDAQ:GAMB) last released its quarterly earnings results on Thursday, March 20th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.10. The business had revenue of $35.30 million for 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 for the quarter was up 8.6% on a year-over-year basis. On average, equities research analysts forecast that Gambling.com Group Limited will post 0.88 EPS for the current fiscal year.

Analyst Ratings Changes

GAMB has been the subject of several research analyst reports. Truist Financial decreased their price target on shares of 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 initiated 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 target for the company. Macquarie lifted their price target on shares of Gambling.com Group from $18.00 to $19.00 and gave the company an “outperform” rating in a research note on Friday, March 21st. Benchmark reaffirmed a “buy” rating and issued a $18.00 price target on shares of Gambling.com Group in a research note on Thursday, February 20th. Finally, Jefferies Financial Group lifted their price target 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. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $17.67.

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.