Goldman Sachs Group Inc. Purchases 20,633 Shares of Bragg Gaming Group Inc. $BRAG

Goldman Sachs Group Inc. increased its holdings in shares of Bragg Gaming Group Inc. (NASDAQ:BRAG) by 40.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,263 shares of the company’s stock after buying an additional 20,633 shares during the period. Goldman Sachs Group Inc. owned about 0.29% of Bragg Gaming Group worth $297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Millennium Management LLC acquired a new position in Bragg Gaming Group during the 4th quarter valued at approximately $58,000. Militia Capital Partners LP acquired a new stake in shares of Bragg Gaming Group in the first quarter valued at approximately $58,000. XTX Topco Ltd bought a new stake in Bragg Gaming Group during the first quarter valued at $77,000. Finally, Cidel Asset Management Inc. increased its stake in Bragg Gaming Group by 23.6% in the 1st quarter. Cidel Asset Management Inc. now owns 156,898 shares of the company’s stock valued at $654,000 after buying an additional 29,913 shares during the last quarter. Institutional investors and hedge funds own 4.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. JMP Securities reduced their price target on shares of Bragg Gaming Group from $6.00 to $4.00 and set a “market outperform” rating on the stock in a research report on Friday, August 15th. Benchmark lowered shares of Bragg Gaming Group from a “buy” rating to a “hold” rating and set a $6.00 price target for the company. in a report on Monday, August 18th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $7.00.

Bragg Gaming Group Trading Up 5.4%

NASDAQ:BRAG opened at $2.92 on Friday. The firm has a market capitalization of $73.12 million, a price-to-earnings ratio of -12.17 and a beta of 0.83. Bragg Gaming Group Inc. has a 1-year low of $2.59 and a 1-year high of $6.12. The business’s 50-day moving average price is $3.27 and its two-hundred day moving average price is $3.88.

Bragg Gaming Group (NASDAQ:BRAG) last issued its quarterly earnings results on Thursday, August 14th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.02). Bragg Gaming Group had a negative net margin of 5.04% and a negative return on equity of 7.51%. The business had revenue of $30.72 million during the quarter, compared to the consensus estimate of $27.86 million. Bragg Gaming Group has set its FY 2025 guidance at EPS. Sell-side analysts predict that Bragg Gaming Group Inc. will post -0.14 earnings per share for the current year.

Bragg Gaming Group 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.