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

Key Points

• Analysts give Gambling.com Group a “Moderate Buy” consensus across nine brokerages, with an average 12-month price target of $6.43. Ratings include four buys, one strong buy, three holds and one sell.
• The stock opened at $1.57, near its 52-week low of $1.50 and well below its 52-week high of $8.49; its market capitalization is approximately $55.1 million.
• Institutional investors and hedge funds own 72.26% of the company, with several firms recently increasing their positions, including Royal Bank of Canada, which boosted its stake by 827.6%.

Shares of Gambling.com Group Limited (NASDAQ:GRSD - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the nine brokerages that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $6.43.

A number of analysts have recently commented on the stock. Weiss Ratings reissued a "sell (d)" rating on shares of Gambling.com Group in a research note on Monday, September 14th. Zacks Research upgraded Gambling.com Group from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 25th. Finally, Truist Financial cut 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.

Gambling.com Group Stock Performance

NASDAQ:GRSD opened at $1.57 on Friday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.59 and a current ratio of 0.59. The company has a fifty day moving average of $1.83 and a two-hundred day moving average of $2.65. The stock has a market capitalization of $55.11 million, a PE ratio of -1.51 and a beta of 0.62. Gambling.com Group has a fifty-two week low of $1.50 and a fifty-two week high of $8.49.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its stake in Gambling.com Group by 827.6% during the 1st quarter. Royal Bank of Canada now owns 25,185 shares of the company's stock worth $98,000 after purchasing an additional 22,470 shares during the last quarter. Cetera Investment Advisers acquired a new stake in shares of Gambling.com Group in the first quarter valued at about $107,000. Sei Investments Co. purchased a new position in shares of Gambling.com Group in the first quarter worth about $109,000. Aristides Capital LLC boosted its position in Gambling.com Group by 9.0% during the fourth quarter. Aristides Capital LLC now owns 35,900 shares of the company's stock worth $196,000 after acquiring an additional 2,961 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Gambling.com Group by 24.2% during 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 during the last quarter. 72.26% of the stock is owned by institutional investors and hedge funds.

About Gambling.com Group

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.

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