Bragg Gaming Group (NASDAQ:BRAG) Shares Down 1.2% - What's Next?

Bragg Gaming Group Inc. (NASDAQ:BRAG - Get Free Report) shares traded down 1.2% on Wednesday . The stock traded as low as $4.15 and last traded at $4.15. 21,731 shares were traded during trading, a decline of 64% from the average session volume of 60,812 shares. The stock had previously closed at $4.20.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Benchmark lowered shares of Bragg Gaming Group from a "strong-buy" rating to a "moderate buy" rating in a research report on Thursday, January 30th. Maxim Group lifted their price target on shares of Bragg Gaming Group from $9.00 to $11.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. Finally, JMP Securities dropped their price target on shares of Bragg Gaming Group from $6.00 to $5.00 and set a "market outperform" rating on the stock in a research report on Monday, January 6th.

Bragg Gaming Group Stock Down 2.4 %

The company has a market cap of $101.42 million, a P/E ratio of -16.87 and a beta of 0.78. The stock's 50-day moving average price is $4.63 and its 200 day moving average price is $4.43.

Institutional Investors Weigh In On Bragg Gaming Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Millennium Management LLC bought a new position in shares of Bragg Gaming Group in the fourth quarter valued at about $58,000. Two Sigma Securities LLC bought a new position in shares of Bragg Gaming Group in the fourth quarter valued at about $64,000. NewEdge Advisors LLC raised its holdings in shares of Bragg Gaming Group by 589,766.7% in the fourth quarter. NewEdge Advisors LLC now owns 17,696 shares of the company's stock valued at $65,000 after buying an additional 17,693 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Bragg Gaming Group by 15.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 82,944 shares of the company's stock valued at $307,000 after buying an additional 10,838 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Bragg Gaming Group by 20.1% in the fourth quarter. Renaissance Technologies LLC now owns 133,200 shares of the company's stock valued at $493,000 after buying an additional 22,305 shares during the last quarter. Institutional investors and hedge funds own 4.04% of the company's stock.

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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.