Bragg Gaming Group Inc. (NASDAQ:BRAG) Receives $5.33 Consensus Target Price from Analysts

Bragg Gaming Group Inc. (NASDAQ:BRAG) has been assigned an average rating of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $5.3333.

A number of brokerages recently commented on BRAG. Weiss Ratings upgraded shares of Bragg Gaming Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 29th. Zacks Research upgraded Bragg Gaming Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 29th. Finally, Maxim Group dropped their price target on Bragg Gaming Group to $6.00 and set a “buy” rating on the stock in a research note on Tuesday, June 9th.

Bragg Gaming Group Trading Up 8.6%

Shares of NASDAQ:BRAG traded up $0.16 during trading on Friday, hitting $2.01. 50,037 shares of the company’s stock traded hands, compared to its average volume of 38,955. Bragg Gaming Group has a 52 week low of $1.42 and a 52 week high of $4.78. The company has a market cap of $50.33 million, a price-to-earnings ratio of -6.48 and a beta of 0.93. The company has a 50-day moving average price of $1.79 and a 200-day moving average price of $1.89.

Bragg Gaming Group (NASDAQ:BRAG) last posted its earnings results on Thursday, May 14th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.03. The business had revenue of $29.64 million during the quarter, compared to analysts’ expectations 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, analysts predict that Bragg Gaming Group will post -0.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bragg Gaming Group

Several institutional investors have recently bought and sold shares of the company. Jane Street Group LLC grew its stake in shares of Bragg Gaming Group by 43.6% during the 4th quarter. Jane Street Group LLC now owns 20,009 shares of the company’s stock worth $42,000 after acquiring an additional 6,072 shares in the last quarter. Royal Bank of Canada grew its position in Bragg Gaming Group by 15.0% in the first quarter. Royal Bank of Canada now owns 57,864 shares of the company’s stock valued at $100,000 after purchasing an additional 7,527 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased 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 buying an additional 20,633 shares during the last quarter. 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.