Bragg Gaming Group (NASDAQ:BRAG) Trading 0.9% Higher – Should You Buy?

Bragg Gaming Group Inc. (NASDAQ:BRAG) shares traded up 0.9% during trading on Wednesday . The company traded as high as $2.29 and last traded at $2.27. 11,939 shares were traded during trading, a decline of 79% from the average session volume of 56,863 shares. The stock had previously closed at $2.25.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on BRAG shares. JMP Securities reiterated a “market perform” rating and issued a $4.00 price objective on shares of Bragg Gaming Group in a report on Friday, October 17th. Citigroup lowered Bragg Gaming Group from an “outperform” rating to a “market perform” rating in a research report on Friday, October 17th. Citizens Jmp reiterated a “market perform” rating on shares of Bragg Gaming Group in a research report on Friday, October 17th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Bragg Gaming Group in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Bragg Gaming Group currently has an average rating of “Hold” and an average price target of $7.00.

Bragg Gaming Group Stock Performance

The company has a market capitalization of $56.84 million, a P/E ratio of -6.68 and a beta of 0.84. The stock’s fifty day moving average price is $2.21 and its 200-day moving average price is $2.84.

Bragg Gaming Group (NASDAQ:BRAG) last announced its quarterly earnings results on Thursday, November 13th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.04). The company had revenue of $31.45 million during the quarter, compared to analyst estimates of $26.56 million. Bragg Gaming Group had a negative net margin of 7.08% and a negative return on equity of 11.05%. On average, research analysts predict that Bragg Gaming Group Inc. will post -0.14 EPS for the current fiscal year.

Institutional Investors Weigh In On Bragg Gaming Group

An institutional investor recently raised its position in Bragg Gaming Group stock. Goldman Sachs Group Inc. raised its holdings in Bragg Gaming Group Inc. (NASDAQ:BRAG) by 40.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 72,263 shares of the company’s stock after purchasing an additional 20,633 shares during the quarter. Goldman Sachs Group Inc. owned 0.29% of Bragg Gaming Group worth $297,000 as of its most recent SEC filing. Institutional investors own 4.04% of the company’s stock.

About Bragg Gaming Group

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.