Gambling.com Group (NASDAQ:GRSD) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Gambling.com Group (NASDAQ:GRSD) from a strong sell rating to a hold rating in a research report report published on Tuesday,Zacks.com reports.

Other analysts also recently issued reports about the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Gambling.com Group in a report on Wednesday, June 17th. Wall Street Zen raised Gambling.com Group from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th. Benchmark restated a “speculative buy” rating and set a $4.00 price target (down from $6.00) on shares of Gambling.com Group in a research report on Friday, May 15th. Finally, Truist Financial dropped their price target 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. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.43.

Gambling.com Group Trading Down 5.0%

Shares of Gambling.com Group stock opened at $1.92 on Tuesday. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.59 and a quick ratio of 0.59. Gambling.com Group has a 1 year low of $1.63 and a 1 year high of $8.79. The firm has a market cap of $67.39 million, a PE ratio of -1.85 and a beta of 0.72. The company has a 50 day simple moving average of $1.95 and a two-hundred day simple moving average of $3.03.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. AWM Investment Company Inc. bought a new position in shares of Gambling.com Group during the second quarter valued at approximately $5,068,000. Millennium Management LLC boosted its holdings in Gambling.com Group by 231.9% in the third quarter. Millennium Management LLC now owns 1,231,370 shares of the company’s stock valued at $10,073,000 after acquiring an additional 860,369 shares in the last quarter. Cornerstone Wealth Group LLC purchased a new position in Gambling.com Group during the 1st quarter valued at $734,000. Prescott Group Capital Management L.L.C. purchased a new position in Gambling.com Group during the 4th quarter valued at $953,000. Finally, Goldman Sachs Group Inc. raised 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.

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.