Bragg Gaming Group (NASDAQ:BRAG) Trading Down 2.3% – Should You Sell?

Bragg Gaming Group Inc. (NASDAQ:BRAG)’s stock price fell 2.3% during trading on Thursday . The stock traded as low as $1.6724 and last traded at $1.72. 38,836 shares were traded during mid-day trading, a decline of 41% from the average session volume of 65,964 shares. The stock had previously closed at $1.76.

Wall Street Analyst Weigh In

Several research firms have commented on BRAG. Weiss Ratings upgraded shares of Bragg Gaming Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday. Zacks Research upgraded shares of Bragg Gaming Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 29th. Four analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $5.00.

Bragg Gaming Group Trading Down 5.8%

The firm’s 50 day simple moving average is $1.86 and its two-hundred day simple moving average is $1.97. The firm has a market cap of $40.57 million, a price-to-earnings ratio of -5.23 and a beta of 0.92.

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

Institutional Trading of Bragg Gaming Group

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC increased its holdings in Bragg Gaming Group by 43.6% in the 4th quarter. Jane Street Group LLC now owns 20,009 shares of the company’s stock valued at $42,000 after buying an additional 6,072 shares during the period. Royal Bank of Canada increased its holdings in Bragg Gaming Group by 15.0% in the 1st 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. Finally, Goldman Sachs Group Inc. increased its holdings in Bragg Gaming Group by 40.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 72,263 shares of the company’s stock valued at $297,000 after buying an additional 20,633 shares during the period. Institutional investors and hedge funds 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.