Brokerages Set Gambling.com Group Limited (NASDAQ:GRSD) Target Price at $6.43

Shares of Gambling.com Group Limited (NASDAQ:GRSD) have been assigned an average recommendation of “Moderate Buy” from the nine analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $6.4286.

Several equities analysts have commented on the stock. Truist Financial dropped their price target on shares of 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. Weiss Ratings reiterated a “sell (d)” rating on shares of Gambling.com Group in a research note on Wednesday, June 17th. Benchmark reiterated a “speculative buy” rating and issued a $4.00 target price (down from $6.00) on shares of Gambling.com Group in a report on Friday, May 15th. Zacks Research raised Gambling.com Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 25th. Finally, Wall Street Zen upgraded Gambling.com Group from a “sell” rating to a “hold” rating in a report on Sunday, May 17th.

Hedge Funds Weigh In On Gambling.com Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. AWM Investment Company Inc. purchased a new stake in shares of Gambling.com Group during the second quarter worth approximately $5,068,000. Millennium Management LLC lifted its stake 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 worth $10,073,000 after acquiring an additional 860,369 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Gambling.com Group by 3.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 632,330 shares of the company’s stock worth $5,173,000 after acquiring an additional 19,592 shares in the last quarter. Punch & Associates Investment Management Inc. grew its holdings in Gambling.com Group by 1.7% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 628,315 shares of the company’s stock worth $5,140,000 after acquiring an additional 10,415 shares in the last quarter. Finally, Tocqueville Asset Management L.P. increased its position in shares of Gambling.com Group by 57.3% in the 4th quarter. Tocqueville Asset Management L.P. now owns 365,000 shares of the company’s stock valued at $1,993,000 after purchasing an additional 133,000 shares during the last quarter. 72.26% of the stock is owned by institutional investors and hedge funds.

Gambling.com Group Trading Up 7.8%

Shares of GRSD stock opened at $1.94 on Monday. Gambling.com Group has a fifty-two week low of $1.62 and a fifty-two week high of $8.59. The company has a 50 day moving average price of $1.91 and a 200 day moving average price of $2.94. The stock has a market capitalization of $68.09 million, a P/E ratio of -1.87 and a beta of 0.62. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.59 and a current ratio of 0.59.

Gambling.com Group Company Profile

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.