Bragg Gaming Group (NASDAQ:BRAG – Get Free Report) had its price target lowered by investment analysts at JMP Securities from $6.00 to $5.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “market outperform” rating on the stock. JMP Securities’ target price suggests a potential upside of 40.06% from the company’s current price.
Bragg Gaming Group Stock Down 2.5 %
Shares of NASDAQ BRAG opened at $3.57 on Monday. The firm has a market cap of $89.29 million, a PE ratio of -14.87 and a beta of 0.73. The business has a 50 day moving average price of $3.70 and a two-hundred day moving average price of $4.68. Bragg Gaming Group has a fifty-two week low of $2.86 and a fifty-two week high of $7.00.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. Marshall Wace LLP bought a new position in Bragg Gaming Group during the second quarter worth $77,000. Renaissance Technologies LLC increased its stake in 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 purchasing an additional 36,100 shares during the last quarter. Finally, Dimensional Fund Advisors LP acquired a new stake in shares of Bragg Gaming Group during the second quarter worth $200,000. Institutional investors and hedge funds 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.
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