Maxim Group Increases Bragg Gaming Group (NASDAQ:BRAG) Price Target to $11.00

Bragg Gaming Group (NASDAQ:BRAG) had its price objective raised by equities researchers at Maxim Group from $9.00 to $11.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Maxim Group’s price objective indicates a potential upside of 98.70% from the company’s current price.

BRAG has been the topic of a number of other reports. JMP Securities dropped their target price on shares of Bragg Gaming Group from $6.00 to $5.00 and set a “market outperform” rating on the stock in a report on Monday, January 6th. Benchmark lowered shares of Bragg Gaming Group from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, January 30th.

Bragg Gaming Group Stock Down 9.4 %

Shares of BRAG stock traded down $0.57 on Wednesday, reaching $5.54. The stock had a trading volume of 134,787 shares, compared to its average volume of 79,398. The firm’s 50-day moving average is $4.22 and its two-hundred day moving average is $4.45. The firm has a market capitalization of $138.62 million, a price-to-earnings ratio of -23.25 and a beta of 0.78. Bragg Gaming Group has a 12 month low of $2.86 and a 12 month high of $7.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Millennium Management LLC acquired a new position in shares of Bragg Gaming Group during the 4th quarter worth approximately $58,000. Dimensional Fund Advisors LP grew its position in shares of Bragg Gaming Group by 15.0% during the 4th 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. Renaissance Technologies LLC grew its position in shares of Bragg Gaming Group by 20.1% during the 4th 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. NewEdge Advisors LLC grew its position in shares of Bragg Gaming Group by 589,766.7% during the 4th 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. Finally, Two Sigma Securities LLC bought a new stake in shares of Bragg Gaming Group during the 4th quarter worth approximately $64,000. Institutional investors and hedge funds own 4.04% of the company’s stock.

About Bragg Gaming Group

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.