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

Shares of Bragg Gaming Group Inc. (NASDAQ:BRAG) have earned a consensus rating of “Reduce” from the five analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $5.00.

BRAG has been the subject of a number of research reports. Zacks Research upgraded shares of Bragg Gaming Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 29th. Weiss Ratings raised shares of Bragg Gaming Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 1st.

Bragg Gaming Group Stock Down 2.9%

Shares of BRAG stock traded down $0.05 on Tuesday, reaching $1.65. The company had a trading volume of 27,571 shares, compared to its average volume of 67,759. The business’s 50-day moving average is $1.86 and its 200 day moving average is $1.97. Bragg Gaming Group has a one year low of $1.42 and a one year high of $4.78. The stock has a market capitalization of $41.35 million, a PE ratio of -5.33 and a beta of 0.92.

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

Institutional Trading of Bragg Gaming Group

Several institutional investors have recently modified their holdings of BRAG. Royal Bank of Canada increased its stake in shares of 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 buying an additional 7,527 shares during the period. Jane Street Group LLC boosted its holdings in Bragg Gaming Group by 43.6% in the fourth quarter. Jane Street Group LLC now owns 20,009 shares of the company’s stock valued at $42,000 after acquiring an additional 6,072 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased 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.