Bragg Gaming Group (NASDAQ:BRAG) Shares Up 1.4% – What’s Next?

Bragg Gaming Group Inc. (NASDAQ:BRAG) was up 1.4% during trading on Friday . The company traded as high as $3.67 and last traded at $3.60. Approximately 45,420 shares traded hands during mid-day trading, a decline of 17% from the average daily volume of 54,968 shares. The stock had previously closed at $3.55.

Analyst Upgrades and Downgrades

BRAG has been the subject of several recent research reports. Maxim Group increased their target price on shares of Bragg Gaming Group from $9.00 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. Citigroup reaffirmed an “outperform” rating on shares of Bragg Gaming Group in a research report on Friday, March 21st. JMP Securities set a $6.00 target price on Bragg Gaming Group in a report on Friday, March 21st. Finally, Benchmark downgraded Bragg Gaming Group from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, January 30th.

Bragg Gaming Group Stock Up 1.4 %

The stock has a market capitalization of $90.15 million, a PE ratio of -15.00 and a beta of 0.82. The firm’s fifty day moving average is $4.57 and its 200-day moving average is $4.27.

Bragg Gaming Group (NASDAQ:BRAG) last issued its earnings results on Thursday, March 20th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. Bragg Gaming Group had a negative return on equity of 7.42% and a negative net margin of 5.33%. The business had revenue of $28.97 million during the quarter, compared to the consensus estimate of $26.70 million. On average, analysts expect that Bragg Gaming Group Inc. will post -0.14 EPS for the current year.

Institutional Investors Weigh In On Bragg Gaming Group

Several institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC increased its holdings in shares of Bragg Gaming Group by 20.1% in the 4th quarter. Renaissance Technologies LLC now owns 133,200 shares of the company’s stock valued at $493,000 after purchasing an additional 22,305 shares in the last quarter. NewEdge Advisors LLC grew its position in Bragg Gaming Group by 589,766.7% during the fourth quarter. NewEdge Advisors LLC now owns 17,696 shares of the company’s stock worth $65,000 after buying an additional 17,693 shares during the period. Dimensional Fund Advisors LP increased its holdings in Bragg Gaming Group by 15.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 82,944 shares of the company’s stock valued at $307,000 after buying an additional 10,838 shares in the last quarter. Two Sigma Securities LLC purchased a new position in Bragg Gaming Group in the fourth quarter valued at about $64,000. Finally, Millennium Management LLC acquired a new stake in shares of Bragg Gaming Group during the 4th quarter valued at approximately $58,000. 4.04% of the stock is currently owned by hedge funds and other institutional investors.

Bragg Gaming Group Company Profile

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.