Bragg Gaming Group (NASDAQ:BRAG) Price Target Raised to $11.00

Bragg Gaming Group (NASDAQ:BRAG) had its target price lifted by Maxim Group from $9.00 to $11.00 in a report released on Wednesday morning,Benzinga reports. Maxim Group currently has a buy rating on the stock.

Other research analysts have also recently issued research reports about the company. Benchmark cut Bragg Gaming Group from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, January 30th. JMP Securities lowered their price objective on Bragg Gaming Group from $6.00 to $5.00 and set a “market outperform” rating for the company in a research note on Monday, January 6th.

Bragg Gaming Group Stock Down 1.8 %

BRAG opened at $5.44 on Wednesday. The stock has a market cap of $136.22 million, a PE ratio of -22.67 and a beta of 0.78. The business has a 50 day moving average of $4.33 and a 200-day moving average of $4.47. Bragg Gaming Group has a 52 week low of $2.86 and a 52 week high of $7.00.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Millennium Management LLC bought a new stake in shares of Bragg Gaming Group in the fourth quarter worth $58,000. Two Sigma Securities LLC bought a new stake in shares of Bragg Gaming Group in the fourth quarter worth $64,000. NewEdge Advisors LLC grew its holdings 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 acquiring an additional 17,693 shares during the period. Dimensional Fund Advisors LP grew its holdings 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 acquiring an additional 10,838 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in shares of Bragg Gaming Group by 20.1% in the fourth quarter. Renaissance Technologies LLC now owns 133,200 shares of the company’s stock worth $493,000 after acquiring an additional 22,305 shares during the period. 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.