Bragg Gaming Group Inc. (NASDAQ:BRAG) Receives Consensus Recommendation of “Hold” from Brokerages

Bragg Gaming Group Inc. (NASDAQ:BRAG) has been assigned a consensus rating of “Hold” from the six analysts that are presently covering the stock, MarketBeat.com reports. One equities research 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 1-year price objective among brokerages that have issued ratings on the stock in the last year is $5.3333.

BRAG has been the subject of several research reports. Zacks Research raised shares of Bragg Gaming Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 29th. Maxim Group dropped their price objective on shares of Bragg Gaming Group to $6.00 and set a “buy” rating on the stock in a report on Tuesday, June 9th. Finally, Weiss Ratings upgraded shares of Bragg Gaming Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 29th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC lifted its position in Bragg Gaming Group by 43.6% during the fourth quarter. Jane Street Group LLC now owns 20,009 shares of the company’s stock valued at $42,000 after purchasing an additional 6,072 shares in the last quarter. Royal Bank of Canada grew its holdings in Bragg Gaming Group by 15.0% during the first quarter. Royal Bank of Canada now owns 57,864 shares of the company’s stock valued at $100,000 after purchasing an additional 7,527 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in Bragg Gaming Group by 40.0% in the first quarter. Goldman Sachs Group Inc. now owns 72,263 shares of the company’s stock worth $297,000 after buying an additional 20,633 shares in the last quarter. Hedge funds and other institutional investors own 4.04% of the company’s stock.

Bragg Gaming Group Stock Performance

Shares of BRAG opened at $1.83 on Friday. The firm has a market cap of $45.82 million, a PE ratio of -5.90 and a beta of 0.93. The firm has a fifty day simple moving average of $1.79 and a two-hundred day simple moving average of $1.89. Bragg Gaming Group has a 1-year low of $1.42 and a 1-year high of $4.78.

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

About Bragg Gaming Group

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.