Bragg Gaming Group Sees Unusually High Options Volume (NASDAQ:BRAG)

Bragg Gaming Group Inc. (NASDAQ:BRAGGet Free Report) saw unusually large options trading on Friday. Traders acquired 2,180 call options on the company. This is an increase of 612% compared to the typical volume of 306 call options.

Bragg Gaming Group Price Performance

BRAG stock traded up $0.07 on Friday, reaching $1.92. 10,369 shares of the company were exchanged, compared to its average volume of 37,803. The firm has a market capitalization of $48.08 million, a PE ratio of -6.19 and a beta of 0.93. Bragg Gaming Group has a 12 month low of $1.42 and a 12 month high of $4.78. The stock’s fifty day moving average price is $1.79 and its 200 day moving average price is $1.89.

Bragg Gaming Group (NASDAQ:BRAGGet Free Report) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.03. Bragg Gaming Group had a negative net margin of 6.27% and a negative return on equity of 10.65%. The business had revenue of $29.64 million during the quarter, compared to analyst estimates of $29.00 million. As a group, research analysts expect that Bragg Gaming Group will post -0.02 EPS for the current fiscal year.

Institutional Trading of Bragg Gaming Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC lifted its stake in Bragg Gaming Group by 43.6% during the fourth quarter. Jane Street Group LLC now owns 20,009 shares of the company’s stock worth $42,000 after purchasing an additional 6,072 shares during the period. Royal Bank of Canada grew its stake in shares of Bragg Gaming Group by 15.0% in the 1st quarter. Royal Bank of Canada now owns 57,864 shares of the company’s stock valued at $100,000 after purchasing an additional 7,527 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Bragg Gaming Group by 40.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 72,263 shares of the company’s stock worth $297,000 after buying an additional 20,633 shares in the last quarter. Institutional investors own 4.04% of the company’s stock.

Analysts Set New Price Targets

BRAG has been the subject of several recent research reports. Zacks Research raised Bragg Gaming Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 29th. Weiss Ratings raised shares of Bragg Gaming Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 29th. Finally, Maxim Group reduced their target price on shares of Bragg Gaming Group to $6.00 and set a “buy” rating for the company in a research note on Tuesday, June 9th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $5.33.

Check Out Our Latest Report on Bragg Gaming Group

Bragg Gaming Group Company Profile

(Get Free Report)

Bragg Gaming Group is a business-to-business supplier of online gaming content, technology and platform solutions. The company develops and distributes a mix of proprietary, third-party and licensed casino games, including video slots, table games and live dealer experiences. Its core offering centers on a scalable gaming platform designed to support operator integration, player management and advanced analytics.

Bragg’s technology stack features its flagship ORYX Gaming platform, which provides a centralized hub for game aggregation, platform services and regulatory compliance tools.

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