Bragg Gaming Group (NASDAQ:BRAG) Price Target Lowered to $5.00 at JMP Securities

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

Bragg Gaming Group Stock Performance

BRAG opened at $3.66 on Monday. The company’s 50-day simple moving average is $3.72 and its two-hundred day simple moving average is $4.70. The stock has a market capitalization of $91.54 million, a P/E ratio of -15.25 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.

Institutional Investors Weigh In On Bragg Gaming Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC lifted its holdings in shares of Bragg Gaming Group by 40.7% during the 2nd quarter. Renaissance Technologies LLC now owns 124,700 shares of the company’s stock valued at $720,000 after buying an additional 36,100 shares during the period. Dimensional Fund Advisors LP purchased a new stake in Bragg Gaming Group during the second quarter valued at $200,000. Finally, Marshall Wace LLP bought a new position in Bragg Gaming Group in the second quarter valued at about $77,000. Hedge funds and other institutional investors own 4.04% of the company’s stock.

Bragg Gaming Group Company Profile

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.