Gambling.com Group Limited (NASDAQ:GRSD) Stock Has Consensus Target Price of $6.43 According to Brokerages

Gambling.com Group Limited (NASDAQ:GRSD) has been given a consensus rating of “Moderate Buy” by the nine research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $6.43.

A number of equities research analysts have issued reports on the stock. Zacks Research upgraded shares of Gambling.com Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 25th. Truist Financial decreased their target price on Gambling.com Group from $5.00 to $3.00 and set a “hold” rating for the company in a research note on Monday, July 20th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Gambling.com Group in a report on Monday, September 14th.

Gambling.com Group Price Performance

NASDAQ GRSD opened at $1.27 on Tuesday. Gambling.com Group has a 1 year low of $1.23 and a 1 year high of $7.84. The company has a fifty day simple moving average of $1.65 and a 200 day simple moving average of $2.29. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.10. The company has a market cap of $44.58 million, a P/E ratio of -1.22 and a beta of 0.57.

Institutional Trading of Gambling.com Group

A number of hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp grew its position in Gambling.com Group by 24.2% in the 1st quarter. Bank of New York Mellon Corp now owns 44,795 shares of the company’s stock worth $174,000 after purchasing an additional 8,737 shares during the last quarter. Royal Bank of Canada raised its stake in Gambling.com Group by 827.6% during the first quarter. Royal Bank of Canada now owns 25,185 shares of the company’s stock worth $98,000 after acquiring an additional 22,470 shares in the last quarter. Cetera Investment Advisers bought a new stake in Gambling.com Group during the 1st quarter worth approximately $107,000. Sei Investments Co. bought a new position in Gambling.com Group in the 1st quarter worth approximately $109,000. Finally, Strs Ohio lifted its position in Gambling.com Group by 41.9% during the 1st quarter. Strs Ohio now owns 137,900 shares of the company’s stock valued at $535,000 after purchasing an additional 40,700 shares during the period. 72.26% of the stock is owned by institutional investors.

Gambling.com Group Company Profile

Gambling.com Group Limited is a digital marketing and online gambling services company that operates websites designed to help consumers research and compare online sports betting and casino options. Its platforms generate revenue primarily through performance marketing, including referrals and other marketing arrangements with licensed gambling operators.

The company’s portfolio includes Gambling.com, Bookies.com, Rotogrinders and VegasInsider, which provide sportsbook and casino reviews, promotional offers, odds, betting insights, fantasy sports content and other gambling-related information.