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

Bragg Gaming Group Inc. (NASDAQ:BRAG) has been assigned an average recommendation of “Hold” from the six analysts that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $7.00.

A number of brokerages have recently weighed in on BRAG. Citizens Jmp reaffirmed a “market perform” rating on shares of Bragg Gaming Group in a research note on Friday, October 17th. Benchmark downgraded Bragg Gaming Group from a “buy” rating to a “hold” rating and set a $6.00 price objective on the stock. in a research note on Monday, August 18th. JMP Securities reaffirmed a “market perform” rating and set a $4.00 target price on shares of Bragg Gaming Group in a research note on Friday, October 17th. Weiss Ratings reissued a “sell (e+)” rating on shares of Bragg Gaming Group in a report on Monday. Finally, Citigroup cut shares of Bragg Gaming Group from an “outperform” rating to a “market perform” rating in a research note on Friday, October 17th.

Bragg Gaming Group Trading Down 0.9%

BRAG opened at $2.16 on Friday. The business’s 50 day moving average is $2.41 and its 200-day moving average is $3.27. The stock has a market cap of $54.09 million, a PE ratio of -6.35 and a beta of 0.84. Bragg Gaming Group has a twelve month low of $1.96 and a twelve month high of $6.12.

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

Institutional Investors Weigh In On Bragg Gaming Group

Several hedge funds have recently modified their holdings of BRAG. Cidel Asset Management Inc. increased its position 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 worth $815,000 after acquiring an additional 32,179 shares in the last quarter. Goldman Sachs Group Inc. grew 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 worth $297,000 after purchasing an additional 20,633 shares in the last quarter. XTX Topco Ltd purchased a new position in Bragg Gaming Group during the 1st quarter worth approximately $77,000. Finally, Militia Capital Partners LP acquired a new stake in Bragg Gaming Group during the 1st quarter valued at $58,000. 4.04% of the stock is owned by hedge funds and other institutional investors.

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.