Bragg Gaming Group Inc. (NASDAQ:BRAG) Receives Consensus Rating of “Hold” from Analysts

Shares of Bragg Gaming Group Inc. (NASDAQ:BRAG) have earned an average recommendation of “Hold” from the six analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $5.3333.

Several analysts have recently weighed in on BRAG shares. Zacks Research upgraded Bragg Gaming Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 29th. Weiss Ratings upgraded Bragg Gaming Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday. Finally, Maxim Group reduced 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

A number of hedge funds and other institutional investors have recently made changes to their positions in BRAG. Jane Street Group LLC boosted its stake in Bragg Gaming Group by 43.6% during the 4th quarter. Jane Street Group LLC now owns 20,009 shares of the company’s stock valued at $42,000 after acquiring an additional 6,072 shares during the last quarter. Royal Bank of Canada increased 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 worth $100,000 after purchasing an additional 7,527 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of 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 in the last quarter. Institutional investors own 4.04% of the company’s stock.

Bragg Gaming Group Stock Performance

Shares of BRAG stock opened at $1.75 on Friday. The company has a market capitalization of $43.82 million, a PE ratio of -5.64 and a beta of 0.93. The firm has a fifty day simple moving average of $1.80 and a 200-day simple moving average of $1.91. Bragg Gaming Group has a twelve month low of $1.42 and a twelve month high of $4.78.

Bragg Gaming Group (NASDAQ:BRAG) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.03. Bragg Gaming Group had a negative net margin of 6.27% and a negative return on equity of 10.65%. The firm had revenue of $29.64 million for the quarter, compared to the consensus estimate of $29.00 million. Equities research analysts predict that Bragg Gaming Group will post -0.02 EPS for the current year.

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.