Bragg Gaming Group (NASDAQ:BRAG) Trading Down 1.2% – Here’s What Happened

Shares of Bragg Gaming Group Inc. (NASDAQ:BRAG) fell 1.2% during trading on Wednesday . The company traded as low as $4.15 and last traded at $4.15. 21,731 shares were traded during mid-day trading, a decline of 64% from the average session volume of 60,812 shares. The stock had previously closed at $4.20.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Benchmark cut shares of Bragg Gaming Group from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, January 30th. Maxim Group raised their price target on Bragg Gaming Group from $9.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. Finally, JMP Securities reduced their price objective on Bragg Gaming Group from $6.00 to $5.00 and set a “market outperform” rating on the stock in a research report on Monday, January 6th.

Bragg Gaming Group Trading Down 1.2 %

The company has a market cap of $103.93 million, a P/E ratio of -17.29 and a beta of 0.78. The company’s fifty day moving average is $4.63 and its 200 day moving average is $4.43.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Millennium Management LLC purchased a new stake in Bragg Gaming Group during the 4th quarter valued at about $58,000. Two Sigma Securities LLC purchased a new stake in shares of Bragg Gaming Group during the fourth quarter valued at approximately $64,000. NewEdge Advisors LLC increased its stake in shares of Bragg Gaming Group by 589,766.7% in the fourth quarter. NewEdge Advisors LLC now owns 17,696 shares of the company’s stock worth $65,000 after buying an additional 17,693 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Bragg Gaming Group by 15.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 82,944 shares of the company’s stock worth $307,000 after buying an additional 10,838 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in Bragg Gaming Group by 20.1% during the 4th quarter. Renaissance Technologies LLC now owns 133,200 shares of the company’s stock valued at $493,000 after buying an additional 22,305 shares during the last quarter. 4.04% of the stock is owned by institutional investors.

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.