Gambling.com Group Limited (NASDAQ:GRSD) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts assign Gambling.com Group a “Moderate Buy” consensus based on nine ratings: four buys, one strong buy, three holds and one sell. The average 12-month price target is $6.43.
• Recent analyst actions have been mixed but generally cautious, with Truist Financial cutting its target to $3.00 and Benchmark lowering its target to $4.00 while maintaining a speculative-buy rating; several firms upgraded the stock from sell to hold.
• GRSD opened at $1.86 and remains near the lower end of its $1.62–$8.79 12-month range, with a market capitalization of about $65.3 million. Institutional investors own 72.26% of the company’s shares.

Shares of Gambling.com Group Limited (NASDAQ:GRSD - Get Free Report) have received a consensus rating of "Moderate Buy" from the nine analysts that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $6.4286.

A number of research firms recently issued reports on GRSD. 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 report on Monday, July 20th. Benchmark reaffirmed a "speculative buy" rating and issued a $4.00 target price (down from $6.00) on shares of Gambling.com Group in a research report on Friday, May 15th. Wall Street Zen raised Gambling.com Group from a "sell" rating to a "hold" rating in a research note on Sunday, May 17th. Weiss Ratings reiterated a "sell (d)" rating on shares of Gambling.com Group in a report on Wednesday, June 17th. Finally, Zacks Research upgraded Gambling.com Group from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 25th.

Gambling.com Group Stock Performance

Gambling.com Group stock opened at $1.86 on Monday. Gambling.com Group has a 12 month low of $1.62 and a 12 month high of $8.79. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.10. The stock has a market cap of $65.29 million, a P/E ratio of -1.79 and a beta of 0.72. The company's fifty day simple moving average is $1.93 and its 200-day simple moving average is $2.99.

Hedge Funds Weigh In On Gambling.com Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GRSD. Tower Research Capital LLC TRC grew its position 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 acquiring an additional 4,557 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of 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 purchasing an additional 12,592 shares in the last quarter. HRT Financial LP bought a new position in shares of Gambling.com Group during the 4th quarter valued at $88,000. Royal Bank of Canada raised 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 purchasing an additional 22,470 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Gambling.com Group in the 4th quarter valued at $99,000. 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.

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