Bragg Gaming Group (NASDAQ:BRAG) Price Target Cut to C$15.00

Bragg Gaming Group (NASDAQ:BRAG – Get Rating) had its price target dropped by research analysts at Canaccord Genuity Group from C$19.00 to C$15.00 in a report released on Thursday, The Fly reports.

BRAG opened at $4.98 on Thursday. The company has a market capitalization of $99.95 million, a PE ratio of -12.15, a P/E/G ratio of 1.35 and a beta of 0.69. The stock’s fifty day moving average is $6.02 and its 200-day moving average is $6.05. Bragg Gaming Group has a one year low of $4.06 and a one year high of $15.77.

Bragg Gaming Group (NASDAQ:BRAG – Get Rating) last issued its quarterly earnings results on Thursday, March 10th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). Bragg Gaming Group had a negative net margin of 12.89% and a negative return on equity of 12.12%. The business had revenue of $18.02 million for the quarter, compared to analysts’ expectations of $17.50 million. Research analysts expect that Bragg Gaming Group will post 0.14 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. acquired a new stake in shares of Bragg Gaming Group in the fourth quarter worth about $96,000. TD Asset Management Inc. acquired a new position in shares of Bragg Gaming Group during the 4th quarter worth about $70,000. Virtu Financial LLC acquired a new position in shares of Bragg Gaming Group during the 4th quarter worth about $77,000. Garde Capital Inc. acquired a new position in shares of Bragg Gaming Group during the 4th quarter worth about $126,000. Finally, Millennium Management LLC acquired a new position in shares of Bragg Gaming Group during the 4th quarter worth about $151,000. 4.72% of the stock is owned by institutional investors.

Bragg Gaming Group Company Profile (Get Rating)

Bragg Gaming Group Inc operates as a technology and content supplier to the gaming industry worldwide. The company provides business-to-business online gaming solutions. It offers a range of games, including slot, table, card, video bingo, scratch card, and live dealer games, as well as virtual sports.

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