Bragg Gaming Group (NASDAQ:BRAG) Receives Sell (E+) Rating from Weiss Ratings

Weiss Ratings reissued their sell (e+) rating on shares of Bragg Gaming Group (NASDAQ:BRAG) in a research report released on Thursday,Weiss Ratings reports.

A number of other research firms have also weighed in on BRAG. JMP Securities reaffirmed a “market perform” rating and set a $4.00 target price on shares of Bragg Gaming Group in a report on Friday, October 17th. Citigroup lowered Bragg Gaming Group from an “outperform” rating to a “market perform” rating in a report on Friday, October 17th. Citizens Jmp reaffirmed a “market perform” rating on shares of Bragg Gaming Group in a report on Friday, October 17th. Finally, Benchmark lowered Bragg Gaming Group from a “buy” rating to a “hold” rating and set a $6.00 target price for the company. in a report on Monday, August 18th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $7.00.

Bragg Gaming Group Stock Performance

Shares of Bragg Gaming Group stock opened at $2.49 on Thursday. Bragg Gaming Group has a 52-week low of $2.45 and a 52-week high of $6.12. The stock’s 50-day simple moving average is $2.76 and its 200 day simple moving average is $3.67. The stock has a market capitalization of $62.35 million, a P/E ratio of -10.38 and a beta of 0.85.

Bragg Gaming Group (NASDAQ:BRAG) last posted its earnings results on Thursday, August 14th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). The company had revenue of $30.72 million for the quarter, compared to analysts’ expectations of $27.86 million. Bragg Gaming Group had a negative net margin of 5.04% and a negative return on equity of 7.51%. Bragg Gaming Group has set its FY 2025 guidance at EPS. Equities research analysts forecast that Bragg Gaming Group will post -0.14 EPS for the current fiscal year.

Institutional Trading of Bragg Gaming Group

A number of hedge funds have recently bought and sold shares of the company. Cidel Asset Management Inc. lifted its position in Bragg Gaming Group by 20.5% in the 2nd quarter. Cidel Asset Management Inc. now owns 189,077 shares of the company’s stock worth $815,000 after buying an additional 32,179 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Bragg Gaming Group by 40.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 72,263 shares of the company’s stock worth $297,000 after buying an additional 20,633 shares during the last quarter. Militia Capital Partners LP bought a new stake in Bragg Gaming Group in the first quarter valued at approximately $58,000. Finally, XTX Topco Ltd bought a new stake in Bragg Gaming Group in the first quarter valued at approximately $77,000. Institutional investors own 4.04% of the company’s stock.

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.