Bragg Gaming Group (NASDAQ:BRAG - Free Report) had its price target trimmed by JMP Securities from $6.00 to $5.00 in a research note published on Monday,Benzinga reports. The firm currently has a market outperform rating on the stock.
Bragg Gaming Group Price Performance
Shares of NASDAQ:BRAG traded down $0.10 during trading on Monday, hitting $3.66. The company's stock had a trading volume of 70,747 shares, compared to its average volume of 37,949. The company has a 50-day moving average of $3.72 and a 200-day moving average of $4.70. The firm 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.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of BRAG. Marshall Wace LLP purchased a new stake in shares of Bragg Gaming Group during the second quarter worth about $77,000. Dimensional Fund Advisors LP purchased a new position in shares of Bragg Gaming Group in the second quarter worth $200,000. Finally, Renaissance Technologies LLC boosted 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 acquiring an additional 36,100 shares during the last quarter. Hedge funds and other institutional investors own 4.04% of the company's stock.
Bragg Gaming Group Company Profile
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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.
Further Reading
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