Analysts Set Bragg Gaming Group Inc. (NASDAQ:BRAG) Price Target at $7.00

Shares of Bragg Gaming Group Inc. (NASDAQ:BRAG) have been assigned an average rating of “Hold” from the six analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $7.00.

Several equities research analysts recently commented on BRAG shares. JMP Securities reaffirmed a “market perform” rating and issued a $4.00 price target on shares of Bragg Gaming Group in a report on Friday, October 17th. Citizens Jmp reaffirmed a “market perform” rating on shares of Bragg Gaming Group in a research note on Friday, October 17th. Citigroup cut shares of Bragg Gaming Group from an “outperform” rating to a “market perform” rating in a research report on Friday, October 17th. Weiss Ratings reissued a “sell (e+)” rating on shares of Bragg Gaming Group in a report on Thursday, October 30th. Finally, Benchmark downgraded shares of Bragg Gaming Group from a “buy” rating to a “hold” rating and set a $6.00 target price on the stock. in a research note on Monday, August 18th.

Bragg Gaming Group Trading Up 17.9%

BRAG opened at $2.44 on Tuesday. Bragg Gaming Group has a twelve month low of $1.96 and a twelve month high of $6.12. The firm has a market capitalization of $61.10 million, a PE ratio of -10.17 and a beta of 0.83. The firm’s 50-day moving average price is $2.65 and its 200 day moving average price is $3.56.

Bragg Gaming Group (NASDAQ:BRAG) last released its quarterly earnings data on Thursday, November 13th. The company reported ($0.11) EPS for the quarter. Bragg Gaming Group had a negative net margin of 5.04% and a negative return on equity of 7.51%. Bragg Gaming Group has set its FY 2025 guidance at EPS. As a group, analysts predict that Bragg Gaming Group will post -0.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Cidel Asset Management Inc. grew its position in Bragg Gaming Group by 20.5% in the second quarter. Cidel Asset Management Inc. now owns 189,077 shares of the company’s stock worth $815,000 after acquiring an additional 32,179 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Bragg Gaming Group by 40.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 72,263 shares of the company’s stock valued at $297,000 after purchasing an additional 20,633 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Bragg Gaming Group during the 1st quarter worth $77,000. Finally, Militia Capital Partners LP purchased a new position in shares of Bragg Gaming Group during the 1st quarter worth $58,000. 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.