Bragg Gaming Group Inc. (NASDAQ:BRAG) Given Average Recommendation of “Hold” by Brokerages

Shares of Bragg Gaming Group Inc. (NASDAQ:BRAG) have earned an average recommendation of “Hold” from the six analysts that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $5.3333.

A number of research analysts have recently commented on the company. Zacks Research upgraded Bragg Gaming Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 29th. Weiss Ratings cut Bragg Gaming Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, July 16th. Finally, Maxim Group lowered their price target on Bragg Gaming Group to $6.00 and set a “buy” rating for the company in a report on Tuesday, June 9th.

Institutional Trading of Bragg Gaming Group

Several institutional investors have recently modified their holdings of the stock. Jane Street Group LLC boosted its holdings in shares of Bragg Gaming Group by 43.6% in the 4th quarter. Jane Street Group LLC now owns 20,009 shares of the company’s stock valued at $42,000 after buying an additional 6,072 shares in the last quarter. Royal Bank of Canada grew its position in shares of Bragg Gaming Group by 15.0% in the 1st quarter. Royal Bank of Canada now owns 57,864 shares of the company’s stock valued at $100,000 after buying an additional 7,527 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Bragg Gaming Group by 40.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 72,263 shares of the company’s stock worth $297,000 after acquiring an additional 20,633 shares in the last quarter. Hedge funds and other institutional investors own 4.04% of the company’s stock.

Bragg Gaming Group Trading Up 3.8%

Shares of BRAG stock opened at $1.62 on Wednesday. The firm has a fifty day moving average price of $1.71 and a 200 day moving average price of $1.85. The company has a market cap of $49.36 million, a P/E ratio of -5.23 and a beta of 0.93. Bragg Gaming Group has a 12 month low of $1.42 and a 12 month high of $4.31.

Bragg Gaming Group (NASDAQ:BRAG) last posted its earnings results on Thursday, May 14th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.03. The firm had revenue of $29.64 million for the quarter, compared to analyst estimates of $29.00 million. Bragg Gaming Group had a negative return on equity of 10.65% and a negative net margin of 6.27%. On average, equities analysts forecast that Bragg Gaming Group will post -0.02 EPS for the current year.

Bragg Gaming Group Company Profile

Bragg Gaming Group is a business-to-business supplier of online gaming content, technology and platform solutions. The company develops and distributes a mix of proprietary, third-party and licensed casino games, including video slots, table games and live dealer experiences. Its core offering centers on a scalable gaming platform designed to support operator integration, player management and advanced analytics.

Bragg’s technology stack features its flagship ORYX Gaming platform, which provides a centralized hub for game aggregation, platform services and regulatory compliance tools.