Bragg Gaming Group (NASDAQ:BRAG) Rating Reiterated by JMP Securities

Bragg Gaming Group (NASDAQ:BRAG)‘s stock had its “market outperform” rating restated by investment analysts at JMP Securities in a note issued to investors on Monday, Benzinga reports. They currently have a $7.00 price target on the stock. JMP Securities’ price objective would indicate a potential upside of 45.23% from the stock’s previous close.

Bragg Gaming Group Trading Up 0.4 %

Shares of BRAG stock opened at $4.82 on Monday. Bragg Gaming Group has a 1-year low of $4.05 and a 1-year high of $7.00. The company has a market capitalization of $120.24 million, a price-to-earnings ratio of -20.08 and a beta of 0.92. The stock’s fifty day simple moving average is $4.98 and its 200-day simple moving average is $5.58.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Marshall Wace LLP purchased a new position in Bragg Gaming Group in the second quarter valued at about $77,000. Dimensional Fund Advisors LP purchased a new position in Bragg Gaming Group in the second quarter valued at about $200,000. Finally, Renaissance Technologies LLC grew its stake in Bragg Gaming Group by 40.7% in the second quarter. Renaissance Technologies LLC now owns 124,700 shares of the company’s stock valued at $720,000 after purchasing an additional 36,100 shares in the last quarter. Hedge funds and other institutional investors own 4.04% of the company’s stock.

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.