Bragg Gaming Group (NASDAQ:BRAG) Shares Down 1.6% – Here’s Why

Bragg Gaming Group Inc. (NASDAQ:BRAG)’s stock price traded down 1.6% during trading on Wednesday . The company traded as low as $1.82 and last traded at $1.82. 14,057 shares traded hands during trading, a decline of 36% from the average session volume of 22,067 shares. The stock had previously closed at $1.85.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Bragg Gaming Group in a report on Monday, December 29th. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Bragg Gaming Group presently has a consensus rating of “Reduce” and an average target price of $5.00.

Bragg Gaming Group Price Performance

The stock has a 50-day moving average price of $2.15 and a two-hundred day moving average price of $2.50. The stock has a market cap of $45.57 million, a PE ratio of -5.35 and a beta of 0.84.

Institutional Investors Weigh In On Bragg Gaming Group

A hedge fund recently raised its stake in Bragg Gaming Group stock. Jane Street Group LLC boosted its position in Bragg Gaming Group Inc. (NASDAQ:BRAG) by 43.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,009 shares of the company’s stock after purchasing an additional 6,072 shares during the period. Jane Street Group LLC owned approximately 0.08% of Bragg Gaming Group worth $42,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 4.04% of the company’s stock.

Bragg Gaming Group Company Profile

Bragg Gaming Group is a business-to-business supplier of online gaming content, technology and platform solutions. The company develops and distributes a mix of proprietary, third-party and licensed casino games, including video slots, table games and live dealer experiences. Its core offering centers on a scalable gaming platform designed to support operator integration, player management and advanced analytics.

Bragg’s technology stack features its flagship ORYX Gaming platform, which provides a centralized hub for game aggregation, platform services and regulatory compliance tools.