Gambling.com Group (NASDAQ:GRSD) Stock Rating Upgraded by Zacks Research

Gambling.com Group (NASDAQ:GRSD) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

GRSD has been the subject of several other research reports. Wall Street Zen upgraded Gambling.com Group from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th. Weiss Ratings reiterated a “sell (d)” rating on shares of Gambling.com Group in a report on Wednesday, June 17th. Truist Financial reduced their price objective on 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, Benchmark restated 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. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Gambling.com Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.43.

Gambling.com Group Trading Down 5.0%

Shares of NASDAQ:GRSD opened at $1.92 on Tuesday. 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 50-day moving average is $1.95 and its 200-day moving average is $3.03. The company has a market cap of $67.39 million, a P/E ratio of -1.85 and a beta of 0.72. Gambling.com Group has a 52-week low of $1.63 and a 52-week high of $8.79.

Hedge Funds Weigh In On Gambling.com Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its holdings in Gambling.com Group by 653.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,254 shares of the company’s stock valued at $62,000 after acquiring an additional 4,557 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of Gambling.com Group by 3,262.2% during the 4th quarter. Deutsche Bank AG now owns 12,978 shares of the company’s stock worth $71,000 after purchasing an additional 12,592 shares in the last quarter. HRT Financial LP acquired a new stake in shares of Gambling.com Group during the 4th quarter worth approximately $88,000. Royal Bank of Canada increased its position in shares of Gambling.com Group by 827.6% during the first quarter. Royal Bank of Canada now owns 25,185 shares of the company’s stock valued at $98,000 after purchasing an additional 22,470 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Gambling.com Group in the fourth quarter valued at $99,000. 72.26% of the stock is currently owned by institutional investors.

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.