Bragg Gaming Group (NASDAQ:BRAG) Given New $5.00 Price Target at JMP Securities

Bragg Gaming Group (NASDAQ:BRAG) had its price target lowered by JMP Securities from $6.00 to $5.00 in a research note published on Monday,Benzinga reports. The firm currently has a market outperform rating on the stock.

Bragg Gaming Group Stock Down 3.4 %

Shares of Bragg Gaming Group stock opened at $3.45 on Monday. The firm has a market cap of $86.29 million, a PE ratio of -14.37 and a beta of 0.73. Bragg Gaming Group has a 52 week low of $2.86 and a 52 week high of $7.00. The business’s fifty day simple moving average is $3.65 and its 200-day simple moving average is $4.66.

Institutional Investors Weigh In On Bragg Gaming Group

Institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP purchased a new position in shares of Bragg Gaming Group during the 2nd quarter worth approximately $200,000. Marshall Wace LLP acquired a new position in Bragg Gaming Group during the second quarter worth $77,000. Finally, Renaissance Technologies LLC boosted its position in shares of Bragg Gaming Group by 40.7% during the second quarter. Renaissance Technologies LLC now owns 124,700 shares of the company’s stock worth $720,000 after buying an additional 36,100 shares during the period. 4.04% of the stock is currently owned by institutional investors and hedge funds.

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.