Bragg Gaming Group (NASDAQ:BRAG) Lowered to Strong Sell Rating by Zacks Research

Bragg Gaming Group (NASDAQ:BRAG) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday,Zacks.com reports.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Bragg Gaming Group in a report on Monday, December 29th. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $5.00.

Bragg Gaming Group Stock Up 8.1%

Shares of NASDAQ BRAG opened at $1.86 on Tuesday. The company has a market cap of $46.57 million, a price-to-earnings ratio of -5.03 and a beta of 0.86. Bragg Gaming Group has a 12-month low of $1.46 and a 12-month high of $4.82. The firm’s 50-day simple moving average is $1.84 and its 200 day simple moving average is $2.22.

Bragg Gaming Group (NASDAQ:BRAG) last announced its quarterly earnings data on Thursday, March 19th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). The company had revenue of $32.66 million for the quarter, compared to analyst estimates of $28.35 million. Bragg Gaming Group had a negative return on equity of 12.52% and a negative net margin of 7.59%. On average, equities analysts expect that Bragg Gaming Group will post -0.14 earnings per share for the current year.

Institutional Trading of Bragg Gaming Group

An institutional investor recently raised its position in Bragg Gaming Group stock. Jane Street Group LLC grew its position in Bragg Gaming Group Inc. (NASDAQ:BRAG) by 43.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,009 shares of the company’s stock after purchasing an additional 6,072 shares during the period. Jane Street Group LLC owned approximately 0.08% of Bragg Gaming Group worth $42,000 at the end of the most recent quarter. 4.04% of the stock is owned by institutional investors.

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.