Bragg Gaming Group Inc (BRAG) Gets a Buy from Maxim Group

In a report released yesterday, Jack Vander Aarde from Maxim Group reiterated a Buy rating on Bragg Gaming Group Inc, with a price target of $8.00.

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According to TipRanks, Vander Aarde is an analyst with an average return of -0.4% and a 29.82% success rate. Vander Aarde covers the Technology sector, focusing on stocks such as CXApp, Turtle Beach, and Cloudastructure, Inc. Class A.

In addition to Maxim Group, Bragg Gaming Group Inc also received a Buy from Haywood’s Gianluca Tucci in a report issued on November 13. However, on November 15, TR | OpenAI – 4o reiterated a Hold rating on Bragg Gaming Group Inc (TSX: BRAG).

Based on Bragg Gaming Group Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of C$26.08 million and a GAAP net loss of C$1.83 million. In comparison, last year the company earned a revenue of C$24.86 million and had a GAAP net loss of C$2.4 million

Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BRAG in relation to earlier this year.