Bragg Gaming Group Inc. (NASDAQ:BRAG) Receives $7.00 Consensus Target Price from Brokerages

Shares of Bragg Gaming Group Inc. (NASDAQ:BRAG) have earned a consensus rating of “Hold” from the six research firms that are presently covering the firm, MarketBeat Ratings reports. One equities 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 12 month price objective among brokers that have issued a report on the stock in the last year is $7.00.

Several analysts recently weighed in on the stock. Citizens Jmp reiterated a “market perform” rating on shares of Bragg Gaming Group in a research report on Friday, October 17th. JMP Securities restated a “market perform” rating and issued a $4.00 price target on shares of Bragg Gaming Group in a research note on Friday, October 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Bragg Gaming Group in a research report on Monday, December 29th. Finally, Citigroup cut Bragg Gaming Group from an “outperform” rating to a “market perform” rating in a research report on Friday, October 17th.

Institutional Investors Weigh In On Bragg Gaming Group

Institutional investors have recently bought and sold shares of the stock. Militia Capital Partners LP acquired a new position in Bragg Gaming Group during the 1st quarter valued at about $58,000. Goldman Sachs Group Inc. boosted its holdings in shares of Bragg Gaming Group by 40.0% in the first quarter. Goldman Sachs Group Inc. now owns 72,263 shares of the company’s stock valued at $297,000 after acquiring an additional 20,633 shares in the last quarter. Finally, Cidel Asset Management Inc. boosted its holdings in shares of Bragg Gaming Group by 20.5% in the second quarter. Cidel Asset Management Inc. now owns 189,077 shares of the company’s stock valued at $815,000 after acquiring an additional 32,179 shares in the last quarter. Institutional investors and hedge funds own 4.04% of the company’s stock.

Bragg Gaming Group Trading Up 0.5%

Shares of NASDAQ BRAG opened at $2.11 on Wednesday. The company has a market cap of $52.83 million, a price-to-earnings ratio of -6.21 and a beta of 0.84. Bragg Gaming Group has a 12-month low of $1.95 and a 12-month high of $6.12. The stock’s 50 day simple moving average is $2.19 and its 200 day simple moving average is $3.01.

Bragg Gaming Group (NASDAQ:BRAG) last issued its quarterly earnings data on Thursday, November 13th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.04). Bragg Gaming Group had a negative return on equity of 11.05% and a negative net margin of 7.08%.The company had revenue of $31.45 million for the quarter, compared to the consensus estimate of $26.56 million. As a group, equities analysts forecast that Bragg Gaming Group will post -0.14 earnings per share for the current fiscal 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.