Maxim Group Increases Bragg Gaming Group (NASDAQ:BRAG) Price Target to $11.00

Bragg Gaming Group (NASDAQ:BRAG) had its target price raised by Maxim Group from $9.00 to $11.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Maxim Group’s price objective would indicate a potential upside of 98.70% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Benchmark cut shares of Bragg Gaming Group from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, January 30th. JMP Securities cut their price objective on shares of Bragg Gaming Group from $6.00 to $5.00 and set a “market outperform” rating on the stock in a research report on Monday, January 6th.

Bragg Gaming Group Trading Down 9.4 %

Shares of BRAG stock traded down $0.57 on Wednesday, hitting $5.54. The stock had a trading volume of 134,787 shares, compared to its average volume of 79,398. Bragg Gaming Group has a twelve month low of $2.86 and a twelve month high of $7.00. The firm has a market cap of $138.62 million, a P/E ratio of -23.25 and a beta of 0.78. The company has a fifty day moving average price of $4.22 and a two-hundred day moving average price of $4.45.

Institutional Investors Weigh In On Bragg Gaming Group

Several institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC bought a new stake in Bragg Gaming Group during the 4th quarter worth about $58,000. Two Sigma Securities LLC bought a new stake in Bragg Gaming Group during the 4th quarter worth about $64,000. NewEdge Advisors LLC lifted its position in Bragg Gaming Group by 589,766.7% during the 4th quarter. NewEdge Advisors LLC now owns 17,696 shares of the company’s stock worth $65,000 after buying an additional 17,693 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Bragg Gaming Group by 15.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 82,944 shares of the company’s stock worth $307,000 after buying an additional 10,838 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in Bragg Gaming Group by 20.1% during the 4th quarter. Renaissance Technologies LLC now owns 133,200 shares of the company’s stock worth $493,000 after buying an additional 22,305 shares in the last quarter. 4.04% of the stock is owned by 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.