Bragg Gaming Group's (BRAG) "Sell (D-)" Rating Reaffirmed at Weiss Ratings

Key Points

• Bragg Gaming Group's stock has been reaffirmed with a "sell (D-)" rating by Weiss Ratings, which indicates ongoing concerns about the company's performance.
• Analysts have recently adjusted their price targets for BRAG, with JMP Securities lowering theirs from $6.00 to $4.00, while the average price target for the stock is currently $7.00.
• Bragg reported a quarterly loss of ($0.08) EPS, missing estimates, despite achieving $30.72 million in revenue during the same period.

Bragg Gaming Group (NASDAQ:BRAG - Get Free Report)'s stock had its "sell (d-)" rating reissued by research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Several other brokerages also recently commented on BRAG. JMP Securities lowered their price target on Bragg Gaming Group from $6.00 to $4.00 and set a "market outperform" rating on the stock in a report on Friday, August 15th. Benchmark cut Bragg Gaming Group from a "buy" rating to a "hold" rating and set a $6.00 price objective for the company. in a research report on Monday, August 18th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Bragg Gaming Group currently has an average rating of "Hold" and a consensus price target of $7.00.

Bragg Gaming Group Price Performance

NASDAQ:BRAG traded up $0.08 during mid-day trading on Wednesday, reaching $2.93. The stock had a trading volume of 24,575 shares, compared to its average volume of 62,094. The business's 50 day moving average is $3.05 and its 200 day moving average is $3.81. Bragg Gaming Group has a fifty-two week low of $2.59 and a fifty-two week high of $6.12. The stock has a market cap of $73.37 million, a P/E ratio of -12.21 and a beta of 0.85.

Bragg Gaming Group (NASDAQ:BRAG - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The company reported ($0.08) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.02). Bragg Gaming Group had a negative return on equity of 7.51% and a negative net margin of 5.04%.The firm had revenue of $30.72 million during the quarter, compared to analyst estimates of $27.86 million. Bragg Gaming Group has set its FY 2025 guidance at EPS. Equities analysts expect that Bragg Gaming Group will post -0.14 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Militia Capital Partners LP bought a new position in shares of Bragg Gaming Group during the first quarter valued at $58,000. Millennium Management LLC bought a new position in shares of Bragg Gaming Group during the fourth quarter valued at $58,000. XTX Topco Ltd bought a new position in shares of Bragg Gaming Group during the first quarter valued at $77,000. Goldman Sachs Group Inc. lifted its holdings in shares of Bragg Gaming Group by 40.0% during the first quarter. Goldman Sachs Group Inc. now owns 72,263 shares of the company's stock valued at $297,000 after acquiring an additional 20,633 shares during the period. Finally, Cidel Asset Management Inc. lifted its holdings in shares of Bragg Gaming Group by 23.6% during the first quarter. Cidel Asset Management Inc. now owns 156,898 shares of the company's stock valued at $654,000 after acquiring an additional 29,913 shares during the period. 4.04% of the stock is owned by institutional investors.

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.

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