Bragg Gaming Group (NASDAQ:BRAG) Given New $5.00 Price Target at JMP Securities

Bragg Gaming Group (NASDAQ:BRAG) had its target price reduced by investment analysts at JMP Securities from $6.00 to $5.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a “market outperform” rating on the stock. JMP Securities’ price target points to a potential upside of 40.06% from the stock’s current price.

Bragg Gaming Group Price Performance

Shares of BRAG opened at $3.57 on Monday. The company has a market cap of $89.29 million, a P/E ratio of -14.87 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. The stock has a fifty day moving average price of $3.70 and a 200 day moving average price of $4.68.

Institutional Trading of Bragg Gaming Group

Hedge funds have recently bought and sold shares of the company. Marshall Wace LLP bought a new position in Bragg Gaming Group in the 2nd quarter worth about $77,000. Dimensional Fund Advisors LP acquired a new position in shares of Bragg Gaming Group during the second quarter worth approximately $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 buying an additional 36,100 shares during the period. 4.04% of the stock is currently 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.