Bragg Gaming Group Inc. (NASDAQ:BRAG) Receives Consensus Recommendation of “Hold” from Analysts

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

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

Bragg Gaming Group Price Performance

NASDAQ:BRAG opened at $1.75 on Friday. The business’s 50 day moving average is $1.80 and its two-hundred day moving average is $1.91. 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 $43.82 million, a PE ratio of -5.64 and a beta of 0.93.

Bragg Gaming Group (NASDAQ:BRAG) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.03. Bragg Gaming Group had a negative return on equity of 10.65% and a negative net margin of 6.27%.The business had revenue of $29.64 million during the quarter, compared to the consensus estimate of $29.00 million. As a group, sell-side analysts expect that Bragg Gaming Group will post -0.02 EPS for the current fiscal year.

Hedge Funds Weigh In On Bragg Gaming Group

A number of large investors have recently bought and sold shares of the business. Royal Bank of Canada boosted 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 period. Jane Street Group LLC lifted 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 worth $42,000 after purchasing an additional 6,072 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Bragg Gaming Group by 40.0% during 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. Institutional investors own 4.04% of the company’s stock.

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.