Bragg Gaming Group (NASDAQ:BRAG) Trading Up 1.4% – Time to Buy?

Bragg Gaming Group Inc. (NASDAQ:BRAG) was up 1.4% on Friday . The company traded as high as $3.67 and last traded at $3.60. Approximately 45,420 shares traded hands during mid-day trading, a decline of 17% from the average daily volume of 54,968 shares. The stock had previously closed at $3.55.

Analysts Set New Price Targets

Several research firms recently issued reports on BRAG. Benchmark lowered Bragg Gaming Group from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, January 30th. Citigroup reissued an “outperform” rating on shares of Bragg Gaming Group in a research report on Friday, March 21st. Maxim Group lifted their price objective on shares of Bragg Gaming Group from $9.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. Finally, JMP Securities set a $6.00 target price on shares of Bragg Gaming Group in a report on Friday, March 21st.

Bragg Gaming Group Trading Up 1.4 %

The firm has a market cap of $90.15 million, a PE ratio of -15.00 and a beta of 0.82. The firm has a 50 day moving average price of $4.57 and a 200-day moving average price of $4.27.

Bragg Gaming Group (NASDAQ:BRAG) last issued its earnings results on Thursday, March 20th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.02. Bragg Gaming Group had a negative net margin of 5.33% and a negative return on equity of 7.42%. The firm had revenue of $28.97 million for the quarter, compared to analysts’ expectations of $26.70 million. Equities analysts forecast that Bragg Gaming Group Inc. will post -0.14 earnings per share for the current fiscal year.

Institutional Trading of Bragg Gaming Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC raised its position in shares of Bragg Gaming Group by 20.1% during the 4th quarter. Renaissance Technologies LLC now owns 133,200 shares of the company’s stock worth $493,000 after acquiring an additional 22,305 shares in the last quarter. NewEdge Advisors LLC increased its stake in Bragg Gaming Group by 589,766.7% in the fourth quarter. NewEdge Advisors LLC now owns 17,696 shares of the company’s stock valued at $65,000 after purchasing an additional 17,693 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Bragg Gaming Group by 15.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 82,944 shares of the company’s stock worth $307,000 after purchasing an additional 10,838 shares in the last quarter. Two Sigma Securities LLC purchased a new stake in shares of Bragg Gaming Group during the 4th quarter worth approximately $64,000. Finally, Millennium Management LLC acquired a new position in shares of Bragg Gaming Group in the 4th quarter valued at $58,000. 4.04% of the stock is currently owned by institutional investors and hedge funds.

About Bragg Gaming Group

Bragg Gaming Group Inc provides business to business online gaming technology platform and casino content aggregator worldwide. The company offers a range of games, including slot, table, card, video bingo, scratch card, and virtual sports, as well as live dealer games. It also provides player account management platform, a multi-channel and cross-product that enables operators to manage the entire product suite using one shared account and one wallet for casino, lottery, sportsbook, and other operations; and Fuze, a single integrated platform that delivers third party gaming content.