Shares of Bragg Gaming Group Inc. (NASDAQ:BRAG – Get Free Report) have earned an average recommendation of “Moderate Buy” from the five research firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $9.67.
BRAG has been the topic of a number of recent research reports. JMP Securities initiated coverage on Bragg Gaming Group in a research report on Wednesday, June 14th. They set a “market perform” rating on the stock. TheStreet raised Bragg Gaming Group from a “d+” rating to a “c-” rating in a report on Friday, August 11th.
Bragg Gaming Group Stock Down 1.3 %
Bragg Gaming Group (NASDAQ:BRAG – Get Free Report) last announced its earnings results on Thursday, August 10th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. Bragg Gaming Group had a negative return on equity of 3.96% and a negative net margin of 3.09%. The company had revenue of $26.92 million for the quarter, compared to analyst estimates of $25.90 million. Research analysts predict that Bragg Gaming Group will post 0.02 EPS for the current year.
Hedge Funds Weigh In On Bragg Gaming Group
Several large investors have recently bought and sold shares of BRAG. UBS Group AG boosted its stake in shares of Bragg Gaming Group by 467.5% during the first quarter. UBS Group AG now owns 85,493 shares of the company’s stock worth $614,000 after buying an additional 70,429 shares during the period. Bank of Montreal Can lifted its position in Bragg Gaming Group by 100.6% in the second quarter. Bank of Montreal Can now owns 34,500 shares of the company’s stock valued at $190,000 after purchasing an additional 17,300 shares during the period. HBK Sorce Advisory LLC lifted its position in Bragg Gaming Group by 100.0% in the fourth quarter. HBK Sorce Advisory LLC now owns 50,000 shares of the company’s stock valued at $60,000 after purchasing an additional 25,000 shares during the period. K.J. Harrison & Partners Inc acquired a new stake in Bragg Gaming Group in the first quarter valued at about $56,000. Finally, Royce & Associates LP lifted its position in Bragg Gaming Group by 20.0% in the first quarter. Royce & Associates LP now owns 300,000 shares of the company’s stock valued at $1,065,000 after purchasing an additional 50,000 shares during the period. Institutional investors and hedge funds own 5.17% of the company’s stock.
Bragg Gaming Group Company Profile
Bragg Gaming Group Inc operates as an online gaming and content supplier to the gaming industry 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 content services from iGaming platform and turnkey gaming solution; and proprietary third-party gaming content, which delivers through a single integrated platform.
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