Gambling.com Group Limited (NASDAQ:GRSD) Receives $6.43 Average Price Target from Brokerages

Shares of Gambling.com Group Limited (NASDAQ:GRSD) have been given an average rating of “Moderate Buy” by the nine research firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $6.4286.

GRSD has been the topic of several recent research reports. Benchmark reaffirmed a “speculative buy” rating and issued a $4.00 price objective (down from $6.00) on shares of Gambling.com Group in a research note on Friday, May 15th. Wall Street Zen raised shares of Gambling.com Group from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. Zacks Research upgraded shares of Gambling.com Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 25th. Truist Financial dropped their price target on shares of Gambling.com Group from $5.00 to $3.00 and set a “hold” rating for the company in a research report on Monday, July 20th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Gambling.com Group in a research note on Wednesday, June 17th.

Institutional Investors Weigh In On Gambling.com Group

Institutional investors have recently bought and sold shares of the business. AWM Investment Company Inc. purchased a new position in shares of Gambling.com Group in the second quarter valued at about $5,068,000. Millennium Management LLC grew its position in shares of Gambling.com Group by 231.9% during the third quarter. Millennium Management LLC now owns 1,231,370 shares of the company’s stock worth $10,073,000 after purchasing an additional 860,369 shares in the last quarter. Cornerstone Wealth Group LLC bought a new stake in Gambling.com Group during the 1st quarter valued at approximately $734,000. Prescott Group Capital Management L.L.C. bought a new stake in Gambling.com Group during the 4th quarter valued at approximately $953,000. Finally, Goldman Sachs Group Inc. lifted its holdings in Gambling.com Group by 146.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 292,404 shares of the company’s stock worth $1,597,000 after purchasing an additional 173,933 shares in the last quarter. Hedge funds and other institutional investors own 72.26% of the company’s stock.

Gambling.com Group Price Performance

Shares of Gambling.com Group stock opened at $1.90 on Monday. The stock has a market cap of $66.69 million, a P/E ratio of -1.83 and a beta of 0.62. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.59 and a current ratio of 0.59. The stock’s fifty day moving average is $1.90 and its 200 day moving average is $2.91. Gambling.com Group has a one year low of $1.62 and a one year high of $8.59.

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.