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

Gambling.com Group Limited (NASDAQ:GRSD) has been assigned a consensus recommendation of “Moderate Buy” from the nine analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $6.43.

Several analysts have weighed in on GRSD shares. Zacks Research raised Gambling.com Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 25th. Truist Financial decreased their target price on shares of 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, Weiss Ratings reiterated a “sell (d)” rating on shares of Gambling.com Group in a report on Monday, September 14th.

Gambling.com Group Stock Performance

GRSD opened at $1.17 on Tuesday. 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 business’s 50 day moving average is $1.64 and its 200-day moving average is $2.92. The stock has a market cap of $41.07 million, a PE ratio of -1.12 and a beta of 0.57. Gambling.com Group has a twelve month low of $1.17 and a twelve month high of $7.84.

Hedge Funds Weigh In On Gambling.com Group

Several hedge funds have recently modified their holdings of GRSD. AWM Investment Company Inc. acquired a new stake in shares of Gambling.com Group in the second quarter valued at $5,068,000. Royal Bank of Canada grew its holdings 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 during the period. Sei Investments Co. bought a new stake in Gambling.com Group in the first quarter worth about $109,000. Cetera Investment Advisers bought a new stake in Gambling.com Group in the first quarter worth about $107,000. Finally, Bank of New York Mellon Corp raised its position in Gambling.com Group by 24.2% in the first quarter. Bank of New York Mellon Corp now owns 44,795 shares of the company’s stock worth $174,000 after acquiring an additional 8,737 shares in the last quarter. 72.26% of the stock is currently owned by institutional investors and hedge funds.

About Gambling.com Group

Gambling.com Group Limited is a digital marketing and media company focused on the online gambling and sports betting industries. It operates websites that provide gambling-related news, reviews, analysis, odds information and comparison tools, helping consumers find and evaluate online sportsbooks, casinos and other gaming services.

The company’s portfolio includes the Gambling.com and Bookies.com brands, as well as Rotowire, a provider of fantasy sports and sports information content.