Bragg Gaming Group (NASDAQ:BRAG) Earns Market Outperform Rating from JMP Securities

Bragg Gaming Group (NASDAQ:BRAG)‘s stock had its “market outperform” rating reaffirmed by equities researchers at JMP Securities in a research note issued on Monday, Benzinga reports. They presently have a $7.00 price objective on the stock. JMP Securities’ price target suggests a potential upside of 45.23% from the company’s current price.

Bragg Gaming Group Stock Performance

Shares of Bragg Gaming Group stock traded down $0.09 on Monday, hitting $4.82. The stock had a trading volume of 12,681 shares, compared to its average volume of 44,106. The stock has a 50 day moving average of $4.99 and a 200 day moving average of $5.60. Bragg Gaming Group has a twelve month low of $4.05 and a twelve month high of $7.00. The firm has a market capitalization of $120.24 million, a P/E ratio of -20.08 and a beta of 0.92.

Bragg Gaming Group (NASDAQ:BRAG) last announced its earnings results on Thursday, August 8th. The company reported ($0.11) EPS for the quarter. Bragg Gaming Group had a negative net margin of 8.51% and a negative return on equity of 11.42%. The company had revenue of $26.76 million during the quarter. Equities analysts expect that Bragg Gaming Group will post -0.15 earnings per share for the current year.

Institutional Trading of Bragg Gaming Group

Several institutional investors have recently added to or reduced their stakes in BRAG. Marshall Wace LLP bought a new stake in Bragg Gaming Group in the second quarter valued at approximately $77,000. Dimensional Fund Advisors LP bought a new position in shares of Bragg Gaming Group during the 2nd quarter worth approximately $200,000. Finally, Renaissance Technologies LLC boosted 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 worth $720,000 after buying an additional 36,100 shares in the last quarter. 4.04% of the stock is currently owned by institutional investors.

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.