Bragg Gaming Group (NASDAQ:BRAG - Free Report) had its price target hoisted by Maxim Group from $9.00 to $11.00 in a research report sent to investors on Wednesday,Benzinga reports. The firm currently has a buy rating on the stock.
BRAG has been the subject of a number of other research reports. Benchmark downgraded Bragg Gaming Group from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, January 30th. JMP Securities decreased their price objective on shares of Bragg Gaming Group from $6.00 to $5.00 and set a "market outperform" rating for the company in a report on Monday, January 6th.
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Bragg Gaming Group Price Performance
NASDAQ:BRAG traded down $0.10 during mid-day trading on Wednesday, reaching $5.44. 94,571 shares of the company's stock traded hands, compared to its average volume of 84,838. The company has a 50 day moving average price of $4.37 and a 200-day moving average price of $4.47. The firm has a market capitalization of $136.22 million, a price-to-earnings ratio of -22.67 and a beta of 0.78. Bragg Gaming Group has a 12-month low of $2.86 and a 12-month high of $7.00.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in Bragg Gaming Group by 15.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 82,944 shares of the company's stock worth $307,000 after purchasing an additional 10,838 shares in the last quarter. Millennium Management LLC bought a new stake in Bragg Gaming Group during the fourth quarter worth about $58,000. Two Sigma Securities LLC purchased a new stake in Bragg Gaming Group in the fourth quarter worth about $64,000. NewEdge Advisors LLC lifted its holdings in shares of Bragg Gaming Group by 589,766.7% during the fourth quarter. NewEdge Advisors LLC now owns 17,696 shares of the company's stock valued at $65,000 after purchasing an additional 17,693 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Bragg Gaming Group by 20.1% in the 4th quarter. Renaissance Technologies LLC now owns 133,200 shares of the company's stock worth $493,000 after purchasing an additional 22,305 shares in the last quarter. 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.
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