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

Bragg Gaming Group Inc. (NASDAQ:BRAG) has earned an average recommendation of “Hold” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $7.00.

BRAG has been the subject of several analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Bragg Gaming Group in a report on Monday, December 29th. JMP Securities reiterated a “market perform” rating and issued a $4.00 price objective on shares of Bragg Gaming Group in a research note on Friday, October 17th. Citizens Jmp reissued a “market perform” rating on shares of Bragg Gaming Group in a research report on Friday, October 17th. Finally, Citigroup lowered Bragg Gaming Group from an “outperform” rating to a “market perform” rating in a report on Friday, October 17th.

Institutional Investors Weigh In On Bragg Gaming Group

A hedge fund recently raised its stake in Bragg Gaming Group stock. Cidel Asset Management Inc. increased its stake in Bragg Gaming Group Inc. (NASDAQ:BRAG) by 20.5% during the second quarter, according to its most recent filing with the SEC. The fund owned 189,077 shares of the company’s stock after buying an additional 32,179 shares during the quarter. Cidel Asset Management Inc. owned 0.76% of Bragg Gaming Group worth $815,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 4.04% of the company’s stock.

Bragg Gaming Group Stock Down 2.7%

Shares of Bragg Gaming Group stock opened at $2.16 on Friday. Bragg Gaming Group has a 52 week low of $1.95 and a 52 week high of $6.12. The business has a 50 day moving average price of $2.21 and a 200-day moving average price of $2.72. The company has a market cap of $54.09 million, a PE ratio of -6.35 and a beta of 0.84.

Bragg Gaming Group (NASDAQ:BRAG) last announced its quarterly earnings results on Thursday, November 13th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate 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, research analysts anticipate that Bragg Gaming Group will post -0.14 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.