Brokerages Set Bragg Gaming Group Inc. (NASDAQ:BRAG) Target Price at $5.33

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

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

Institutional Inflows and Outflows

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

Bragg Gaming Group Stock Up 1.2%

NASDAQ BRAG opened at $1.68 on Wednesday. The stock has a market capitalization of $51.19 million, a PE ratio of -5.42 and a beta of 0.97. Bragg Gaming Group has a 12-month low of $1.42 and a 12-month high of $4.22. The company has a 50 day moving average price of $1.71 and a two-hundred day moving average price of $1.83.

Bragg Gaming Group (NASDAQ:BRAG) last posted its quarterly earnings data 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. The business had revenue of $29.64 million during the quarter, compared to the consensus estimate of $29.00 million. Bragg Gaming Group had a negative net margin of 6.27% and a negative return on equity of 10.65%. As a group, equities analysts anticipate that Bragg Gaming Group will post -0.02 EPS for the current year.

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.