Zacks Research Upgrades Gambling.com Group (NASDAQ:GRSD) to Hold

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

A number of other equities analysts have also weighed in on GRSD. 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 report on Friday, May 15th. Truist Financial cut their target price on Gambling.com Group from $5.00 to $3.00 and set a “hold” rating on the stock in a research note on Monday, July 20th. Weiss Ratings reissued a “sell (d)” rating on shares of Gambling.com Group in a report on Wednesday, June 17th. Finally, Wall Street Zen upgraded Gambling.com Group from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th. One equities 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 given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $6.43.

Gambling.com Group Stock Down 5.0%

Shares of Gambling.com Group stock opened at $1.92 on Tuesday. The company has a 50-day simple moving average of $1.95 and a two-hundred day simple moving average of $3.03. The stock has a market capitalization of $67.39 million, a PE 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. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.59 and a current ratio of 0.59.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC boosted its holdings in Gambling.com Group by 653.8% in the second quarter. Tower Research Capital LLC TRC now owns 5,254 shares of the company’s stock worth $62,000 after purchasing an additional 4,557 shares during the last quarter. Deutsche Bank AG raised its stake in Gambling.com Group by 3,262.2% during the 4th quarter. Deutsche Bank AG now owns 12,978 shares of the company’s stock valued at $71,000 after buying an additional 12,592 shares during the last quarter. HRT Financial LP purchased a new stake in Gambling.com Group during the 4th quarter valued at $88,000. Royal Bank of Canada lifted its holdings in shares of Gambling.com Group by 827.6% during the 1st quarter. Royal Bank of Canada now owns 25,185 shares of the company’s stock valued at $98,000 after buying an additional 22,470 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Gambling.com Group during the 4th quarter valued at $99,000. 72.26% of the stock is owned by hedge funds and other institutional investors.

Gambling.com Group Company Profile

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.