Bragg Gaming Group (NASDAQ:BRAG) Shares Down 1.6% – Here’s Why

Bragg Gaming Group Inc. (NASDAQ:BRAG) shares traded down 1.6% during trading on Wednesday . The company traded as low as $1.82 and last traded at $1.82. 14,057 shares were traded during trading, a decline of 36% from the average session volume of 22,067 shares. The stock had previously closed at $1.85.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Bragg Gaming Group in a research note on Monday, December 29th. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Bragg Gaming Group currently has a consensus rating of “Reduce” and a consensus price target of $5.00.

Bragg Gaming Group Price Performance

The company has a market cap of $45.57 million, a PE ratio of -5.35 and a beta of 0.84. The business has a fifty day simple moving average of $2.15 and a two-hundred day simple moving average of $2.50.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Bragg Gaming Group stock. Goldman Sachs Group Inc. boosted its position in shares of Bragg Gaming Group Inc. (NASDAQ:BRAG) by 40.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,263 shares of the company’s stock after acquiring an additional 20,633 shares during the period. Goldman Sachs Group Inc. owned 0.29% of Bragg Gaming Group worth $297,000 as of its most recent filing with the Securities & Exchange Commission. 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.