Gambling.com Group Limited (NASDAQ:GRSD) Receives Average Recommendation of “Moderate Buy” from Brokerages

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

Several research analysts recently commented on the company. 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 research note on Tuesday, August 25th. Finally, Truist Financial decreased 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 Down 1.3%

Gambling.com Group stock opened at $1.53 on Friday. The firm has a market capitalization of $53.70 million, a P/E ratio of -1.47 and a beta of 0.62. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.10. Gambling.com Group has a twelve month low of $1.50 and a twelve month high of $8.49. The stock’s fifty day simple moving average is $1.81 and its 200-day simple moving average is $2.59.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. AWM Investment Company Inc. purchased a new stake in shares of Gambling.com Group in the 2nd quarter valued at approximately $5,068,000. Royal Bank of Canada raised its holdings in shares of Gambling.com Group by 827.6% in 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. Cetera Investment Advisers purchased a new stake in shares of Gambling.com Group during the 1st quarter worth $107,000. Bank of New York Mellon Corp lifted its position in shares of Gambling.com Group by 24.2% during the 1st quarter. Bank of New York Mellon Corp now owns 44,795 shares of the company’s stock worth $174,000 after purchasing an additional 8,737 shares during the last quarter. Finally, Sei Investments Co. acquired a new position in shares of Gambling.com Group during the first quarter worth $109,000. Hedge funds and other institutional investors own 72.26% of the company’s stock.

Gambling.com Group Company Profile

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.