JMP Securities Issues Pessimistic Forecast for Bragg Gaming Group (NASDAQ:BRAG) Stock Price

Bragg Gaming Group (NASDAQ:BRAG) had its price target cut by JMP Securities from $6.00 to $5.00 in a research report released on Monday,Benzinga reports. They currently have a market outperform rating on the stock.

Bragg Gaming Group Trading Down 2.7 %

NASDAQ BRAG opened at $3.66 on Monday. The stock has a market cap of $91.54 million, a price-to-earnings ratio of -15.25 and a beta of 0.73. Bragg Gaming Group has a 12 month low of $2.86 and a 12 month high of $7.00. The company’s 50 day moving average is $3.72 and its two-hundred day moving average is $4.70.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of BRAG. Dimensional Fund Advisors LP bought a new stake in Bragg Gaming Group during the second quarter valued at about $200,000. Marshall Wace LLP purchased a new stake in shares of Bragg Gaming Group during the second quarter worth about $77,000. Finally, Renaissance Technologies LLC grew its position 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 worth $720,000 after purchasing an additional 36,100 shares in the last quarter. 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.