Bragg Gaming Group (NASDAQ:BRAG) Price Target Lowered to $5.00 at JMP Securities

Posted by ABMN Staff on Jan 6th, 2025

Bragg Gaming Group (NASDAQ:BRAG – Get Free Report) had its target price reduced by stock analysts at JMP Securities from $6.00 to $5.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “market outperform” rating on the stock. JMP Securities’ price objective suggests a potential upside of 32.98% from the company’s previous close.

Bragg Gaming Group Trading Up 3.3 %

Shares of NASDAQ:BRAG opened at $3.76 on Monday. Bragg Gaming Group has a 12-month low of $2.86 and a 12-month high of $7.00. The stock’s 50-day moving average price is $3.72 and its 200-day moving average price is $4.70. The stock has a market capitalization of $94.04 million, a P/E ratio of -15.67 and a beta of 0.79.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC raised its stake in shares of Bragg Gaming Group by 40.7% during the second quarter. Renaissance Technologies LLC now owns 124,700 shares of the company’s stock valued at $720,000 after acquiring an additional 36,100 shares during the last quarter. Dimensional Fund Advisors LP bought a new position in Bragg Gaming Group during the 2nd quarter valued at approximately $200,000. Finally, Marshall Wace LLP purchased a new stake in Bragg Gaming Group in the 2nd quarter worth approximately $77,000. 4.04% of the stock is owned by hedge funds and other institutional investors.

Bragg Gaming Group Company Profile

(Get Free Report)

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.