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

Gambling.com Group Limited (NASDAQ:GRSD – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the nine analysts that are currently covering the stock, Marketbeat reports. One investment 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 12-month price objective among analysts that have issued a report on the stock in the last year is $6.43.

Several equities research analysts recently commented on GRSD shares. Zacks Research upgraded Gambling.com Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 25th. Weiss Ratings reiterated a “sell (d)” rating on shares of Gambling.com Group in a report on Monday, September 14th. Finally, Truist Financial dropped their price target on Gambling.com Group from $5.00 to $3.00 and set a “hold” rating on the stock in a research note on Monday, July 20th.

Read Our Latest Stock Analysis on GRSD

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. AWM Investment Company Inc. bought a new stake in Gambling.com Group in the second quarter valued at $5,068,000. Cornerstone Wealth Group LLC bought a new position in shares of Gambling.com Group during the 1st quarter worth about $734,000. Strs Ohio grew its stake in shares of Gambling.com Group by 41.9% in the 1st quarter. Strs Ohio now owns 137,900 shares of the company’s stock valued at $535,000 after buying an additional 40,700 shares during the period. WINTON GROUP Ltd grew its stake in shares of Gambling.com Group by 165.0% in the 4th quarter. WINTON GROUP Ltd now owns 120,016 shares of the company’s stock valued at $655,000 after buying an additional 74,729 shares during the period. Finally, Gagnon Securities LLC increased its position in Gambling.com Group by 357.8% in the 4th quarter. Gagnon Securities LLC now owns 105,569 shares of the company’s stock valued at $576,000 after buying an additional 82,507 shares in the last quarter. 72.26% of the stock is owned by institutional investors.

Gambling.com Group Price Performance

GRSD stock opened at $1.47 on Friday. 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 company’s fifty day simple moving average is $1.80 and its 200 day simple moving average is $2.56. Gambling.com Group has a 12-month low of $1.45 and a 12-month high of $8.49. The firm has a market cap of $51.60 million, a price-to-earnings ratio of -1.41 and a beta of 0.57.

About Gambling.com Group

(Get Free Report)

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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Analyst Recommendations for Gambling.com Group (NASDAQ:GRSD)

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