Bragg Gaming Group’s (BRAG) “Sell (E+)” Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their sell (e+) rating on shares of Bragg Gaming Group (NASDAQ:BRAG) in a report published on Thursday morning,Weiss Ratings reports.

Several other research analysts have also recently weighed in on the company. Citigroup cut Bragg Gaming Group from an “outperform” rating to a “market perform” rating in a research report on Friday, October 17th. Citizens Jmp reaffirmed a “market perform” rating on shares of Bragg Gaming Group in a research report on Friday, October 17th. Benchmark cut shares of Bragg Gaming Group from a “buy” rating to a “hold” rating and set a $6.00 target price for the company. in a report on Monday, August 18th. Finally, JMP Securities restated a “market perform” rating and set a $4.00 target price on shares of Bragg Gaming Group in a report on Friday, October 17th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Bragg Gaming Group has an average rating of “Hold” and a consensus target price of $7.00.

Bragg Gaming Group Trading Down 4.4%

Shares of NASDAQ BRAG opened at $2.38 on Thursday. The firm has a market cap of $59.60 million, a PE ratio of -9.92 and a beta of 0.85. Bragg Gaming Group has a 1-year low of $2.22 and a 1-year high of $6.12. The company has a fifty day moving average price of $2.75 and a 200 day moving average price of $3.66.

Bragg Gaming Group (NASDAQ:BRAG) last announced its earnings results on Thursday, August 14th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). The company had revenue of $30.72 million during the quarter, compared to analyst estimates of $27.86 million. Bragg Gaming Group had a negative return on equity of 7.51% and a negative net margin of 5.04%. Bragg Gaming Group has set its FY 2025 guidance at EPS. Equities research analysts forecast that Bragg Gaming Group will post -0.14 EPS for the current year.

Institutional Investors Weigh In On Bragg Gaming Group

Several large investors have recently made changes to their positions in BRAG. Militia Capital Partners LP acquired a new stake in Bragg Gaming Group in the first quarter valued at $58,000. XTX Topco Ltd acquired a new stake in Bragg Gaming Group in the 1st quarter valued at about $77,000. Goldman Sachs Group Inc. lifted its stake in Bragg Gaming Group by 40.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 72,263 shares of the company’s stock valued at $297,000 after purchasing an additional 20,633 shares during the last quarter. Finally, Cidel Asset Management Inc. lifted its stake in Bragg Gaming Group by 20.5% in the 2nd quarter. Cidel Asset Management Inc. now owns 189,077 shares of the company’s stock valued at $815,000 after purchasing an additional 32,179 shares during the last quarter. Institutional investors and hedge funds own 4.04% of the company’s stock.

Bragg Gaming Group Company Profile

Bragg Gaming Group Inc provides business to business online gaming technology platform and casino content aggregator worldwide. The company offers a range of games, including slot, table, card, video bingo, scratch card, and virtual sports, as well as live dealer games. It also provides player account management platform, a multi-channel and cross-product that enables operators to manage the entire product suite using one shared account and one wallet for casino, lottery, sportsbook, and other operations; and Fuze, a single integrated platform that delivers third party gaming content.