Bragg Gaming Group (NASDAQ:BRAG) Given New $11.00 Price Target at Maxim Group

Bragg Gaming Group (NASDAQ:BRAG) had its price objective lifted by Maxim Group from $9.00 to $11.00 in a report released on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

BRAG has been the topic of a number of other reports. JMP Securities decreased their target price on 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. Benchmark downgraded Bragg Gaming Group from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, January 30th.

Bragg Gaming Group Stock Down 1.8 %

Shares of Bragg Gaming Group stock opened at $5.44 on Wednesday. The stock’s 50-day simple moving average is $4.33 and its 200-day simple moving average is $4.47. Bragg Gaming Group has a 52 week low of $2.86 and a 52 week high of $7.00. The company has a market capitalization of $136.22 million, a price-to-earnings ratio of -22.67 and a beta of 0.78.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BRAG. Renaissance Technologies LLC grew its stake in Bragg Gaming Group by 20.1% in the fourth 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. Dimensional Fund Advisors LP grew its stake 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. NewEdge Advisors LLC grew its stake in Bragg Gaming Group by 589,766.7% in the fourth quarter. NewEdge Advisors LLC now owns 17,696 shares of the company’s stock worth $65,000 after purchasing an additional 17,693 shares in the last quarter. Two Sigma Securities LLC bought a new position in Bragg Gaming Group in the fourth quarter worth approximately $64,000. Finally, Millennium Management LLC bought a new position in Bragg Gaming Group in the fourth quarter worth approximately $58,000. Institutional investors own 4.04% of the company’s stock.

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.