Gambling.com Group (NASDAQ:GRSD) Rating Increased to Hold at Zacks Research

Gambling.com Group (NASDAQ:GRSD) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

Several other research analysts also recently weighed in on GRSD. Weiss Ratings reiterated a “sell (d)” rating on shares of Gambling.com Group in a research report on Wednesday, June 17th. Benchmark restated a “speculative buy” rating and issued a $4.00 price objective (down from $6.00) on shares of Gambling.com Group in a research note on Friday, May 15th. Truist Financial decreased their target price on Gambling.com Group from $5.00 to $3.00 and set a “hold” rating on the stock in a report on Monday, July 20th. Finally, Wall Street Zen upgraded Gambling.com Group from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $6.43.

Gambling.com Group Price Performance

Shares of NASDAQ:GRSD opened at $1.92 on Tuesday. 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 capitalization of $67.39 million, a PE ratio of -1.85 and a beta of 0.72. The firm’s 50 day moving average price is $1.95 and its 200-day moving average price is $3.03. Gambling.com Group has a twelve month low of $1.63 and a twelve month high of $8.79.

Hedge Funds Weigh In On Gambling.com Group

Several hedge funds have recently modified their holdings of GRSD. AWM Investment Company Inc. bought a new position in shares of Gambling.com Group during the second quarter worth $5,068,000. Millennium Management LLC lifted its stake in Gambling.com Group by 231.9% in the 3rd quarter. Millennium Management LLC now owns 1,231,370 shares of the company’s stock worth $10,073,000 after purchasing an additional 860,369 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Gambling.com Group by 3.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 632,330 shares of the company’s stock worth $5,173,000 after purchasing an additional 19,592 shares in the last quarter. Punch & Associates Investment Management Inc. boosted its holdings in shares of 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 valued at $5,140,000 after purchasing an additional 10,415 shares during the last quarter. Finally, Tocqueville Asset Management L.P. boosted its holdings in shares of Gambling.com Group by 57.3% during 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. Hedge funds and other 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.