Bragg Gaming Group (NASDAQ:BRAG) Given Market Outperform Rating at JMP Securities

JMP Securities restated their market outperform rating on shares of Bragg Gaming Group (NASDAQ:BRAG) in a research note issued to investors on Monday morning, Benzinga reports. The firm currently has a $7.00 price objective on the stock.

Bragg Gaming Group Price Performance

NASDAQ BRAG opened at $4.80 on Monday. Bragg Gaming Group has a 1 year low of $4.05 and a 1 year high of $7.00. The stock has a market capitalization of $119.74 million, a PE ratio of -20.00 and a beta of 0.92. The company’s 50 day simple moving average is $4.99 and its two-hundred day simple moving average is $5.59.

Bragg Gaming Group (NASDAQ:BRAG) last issued its earnings results on Thursday, August 8th. The company reported ($0.11) EPS for the quarter. The business had revenue of $26.76 million during the quarter. Bragg Gaming Group had a negative return on equity of 11.42% and a negative net margin of 8.51%. On average, research analysts anticipate that Bragg Gaming Group will post -0.15 EPS for the current year.

Institutional Trading of Bragg Gaming Group

Hedge funds have recently added to or reduced their stakes in the business. Marshall Wace LLP purchased a new position in shares of Bragg Gaming Group in the second quarter valued at about $77,000. Dimensional Fund Advisors LP purchased a new position in shares of Bragg Gaming Group in the second quarter valued at about $200,000. Finally, Renaissance Technologies LLC increased its position in shares of Bragg Gaming Group by 40.7% in 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 period. 4.04% of the stock is owned by institutional investors.

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.