Bragg Gaming Group (NASDAQ:BRAG) Given Market Outperform Rating at JMP Securities

JMP Securities reiterated their market outperform rating on shares of Bragg Gaming Group (NASDAQ:BRAG) in a report issued on Friday,Benzinga reports. They currently have a $6.00 target price on the stock.

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. Citigroup reaffirmed an “outperform” rating on shares of Bragg Gaming Group in a report on Friday, March 21st. Finally, Maxim Group upped their target price on shares of Bragg Gaming Group from $9.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday, February 19th.

Bragg Gaming Group Price Performance

Shares of BRAG opened at $4.68 on Friday. Bragg Gaming Group has a 1-year low of $2.86 and a 1-year high of $6.70. The stock has a market cap of $117.20 million, a PE ratio of -19.50 and a beta of 0.83. The firm has a fifty day moving average price of $4.08 and a 200 day moving average price of $4.13.

Bragg Gaming Group (NASDAQ:BRAG) last announced its quarterly earnings results on Thursday, May 15th. The company reported ($0.12) earnings per share for the quarter. Bragg Gaming Group had a negative net margin of 5.33% and a negative return on equity of 7.42%. As a group, equities analysts expect that Bragg Gaming Group will post -0.14 EPS for the current fiscal year.

Institutional Investors Weigh In On Bragg Gaming Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its holdings in shares of 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 during the last quarter. Millennium Management LLC purchased a new position in Bragg Gaming Group during the fourth quarter worth about $58,000. Two Sigma Securities LLC purchased a new position in Bragg Gaming Group during the fourth quarter worth about $64,000. NewEdge Advisors LLC raised its holdings 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 purchasing an additional 17,693 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in Bragg Gaming Group during the first quarter worth about $77,000. 4.04% of the stock is owned by hedge funds and other 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.