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

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

A number of analysts recently issued reports on the company. Zacks Research raised Gambling.com Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 25th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Gambling.com Group in a research report on Monday, September 14th. Finally, 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 note on Monday, July 20th.

Hedge Funds Weigh In On Gambling.com Group

Institutional investors have recently modified their holdings of the business. AWM Investment Company Inc. acquired a new stake in Gambling.com Group during the 2nd quarter worth $5,068,000. Cornerstone Wealth Group LLC purchased a new position in Gambling.com Group during the 1st quarter worth $734,000. Strs Ohio grew 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 worth $535,000 after purchasing an additional 40,700 shares during the last quarter. WINTON GROUP Ltd increased its stake in Gambling.com Group by 165.0% in the fourth quarter. WINTON GROUP Ltd now owns 120,016 shares of the company’s stock valued at $655,000 after purchasing an additional 74,729 shares during the period. Finally, Gagnon Securities LLC increased its stake in Gambling.com Group by 357.8% in the fourth quarter. Gagnon Securities LLC now owns 105,569 shares of the company’s stock valued at $576,000 after purchasing an additional 82,507 shares during the period. 72.26% of the stock is owned by institutional investors and hedge funds.

Gambling.com Group Price Performance

GRSD stock opened at $1.57 on Friday. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.59 and a quick ratio of 0.59. The firm has a market capitalization of $55.10 million, a P/E ratio of -1.51 and a beta of 0.62. The business’s 50-day moving average is $1.83 and its two-hundred day moving average is $2.63. Gambling.com Group has a 1 year low of $1.50 and a 1 year high of $8.49.

Gambling.com Group Company Profile

Gambling.com Group Ltd. is a performance marketing and digital media company focused on the online gambling industry. It operates a portfolio of websites that help consumers compare and choose online sports betting, casino, poker and lottery products, while connecting gambling operators with prospective customers.

The company generates revenue primarily by referring users to licensed online gambling operators through advertising, affiliate marketing and other performance-based arrangements.