Cidel Asset Management Inc. Buys 32,179 Shares of Bragg Gaming Group Inc. $BRAG

Cidel Asset Management Inc. raised its holdings in Bragg Gaming Group Inc. (NASDAQ:BRAG) by 20.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 189,077 shares of the company’s stock after purchasing an additional 32,179 shares during the quarter. Cidel Asset Management Inc. owned approximately 0.76% of Bragg Gaming Group worth $815,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its position in Bragg Gaming Group by 40.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 72,263 shares of the company’s stock valued at $297,000 after purchasing an additional 20,633 shares during the last quarter. XTX Topco Ltd bought a new position in Bragg Gaming Group in the 1st quarter valued at $77,000. Finally, Militia Capital Partners LP bought a new position in Bragg Gaming Group in the 1st quarter valued at $58,000. Institutional investors own 4.04% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on BRAG. Weiss Ratings reiterated a “sell (d-)” rating on shares of Bragg Gaming Group in a research report on Wednesday, October 8th. JMP Securities reiterated a “market perform” rating and issued a $4.00 price objective on shares of Bragg Gaming Group in a research report on Friday. Citizens Jmp restated a “market perform” rating on shares of Bragg Gaming Group in a research report on Friday. Benchmark downgraded Bragg Gaming Group from a “buy” rating to a “hold” rating and set a $6.00 target price for the company. in a research report on Monday, August 18th. Finally, Citigroup downgraded Bragg Gaming Group from an “outperform” rating to a “market perform” rating in a research report on Friday. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $7.00.

Bragg Gaming Group Stock Down 3.9%

BRAG stock opened at $2.73 on Monday. The company has a market cap of $68.36 million, a P/E ratio of -11.38 and a beta of 0.85. Bragg Gaming Group Inc. has a twelve month low of $2.59 and a twelve month high of $6.12. The business has a fifty day moving average of $2.88 and a 200-day moving average of $3.74.

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

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.