JMP Securities Reaffirms “Market Perform” Rating for Bragg Gaming Group (NASDAQ:BRAG)

Bragg Gaming Group (NASDAQ:BRAG)‘s stock had its “market perform” rating reissued by investment analysts at JMP Securities in a report issued on Friday,Benzinga reports. They currently have a $4.00 price objective on the stock. JMP Securities’ price objective suggests a potential upside of 46.52% from the stock’s current price.

BRAG has been the topic of several other reports. Citizens Jmp reaffirmed a “market perform” rating on shares of Bragg Gaming Group in a research note on Friday. Citigroup cut shares of Bragg Gaming Group from an “outperform” rating to a “market perform” rating in a research note on Friday. Benchmark cut shares of Bragg Gaming Group from a “buy” rating to a “hold” rating and set a $6.00 price objective on the stock. in a research note on Monday, August 18th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Bragg Gaming Group in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $7.00.

Bragg Gaming Group Trading Down 3.9%

Shares of Bragg Gaming Group stock opened at $2.73 on Friday. The stock has a market capitalization of $68.36 million, a price-to-earnings ratio of -11.38 and a beta of 0.85. Bragg Gaming Group has a 1-year low of $2.59 and a 1-year high of $6.12. The firm’s 50-day moving average price is $2.88 and its two-hundred day moving average price is $3.74.

Bragg Gaming Group (NASDAQ:BRAG) last issued its quarterly earnings data on Thursday, August 14th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.02). The firm had revenue of $30.72 million for the quarter, compared to the consensus estimate of $27.86 million. Bragg Gaming Group had a negative return on equity of 7.51% and a negative net margin of 5.04%. Bragg Gaming Group has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Bragg Gaming Group will post -0.14 EPS for the current year.

Hedge Funds Weigh In On Bragg Gaming Group

Several large investors have recently bought and sold shares of BRAG. Militia Capital Partners LP acquired a new position in Bragg Gaming Group in the first quarter valued at approximately $58,000. XTX Topco Ltd acquired a new position in Bragg Gaming Group in the first quarter valued at approximately $77,000. Goldman Sachs Group Inc. lifted its holdings in Bragg Gaming Group by 40.0% in the first 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. Finally, Cidel Asset Management Inc. lifted its holdings in Bragg Gaming Group by 23.6% in the first quarter. Cidel Asset Management Inc. now owns 156,898 shares of the company’s stock valued at $654,000 after buying an additional 29,913 shares during the period. 4.04% of the stock is currently owned by institutional investors and hedge funds.

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.