FY2024 EPS Forecast for Bragg Gaming Group Raised by Analyst

Bragg Gaming Group Inc. (NASDAQ:BRAG) – Equities researchers at Cormark lifted their FY2024 earnings per share estimates for shares of Bragg Gaming Group in a note issued to investors on Tuesday, November 19th. Cormark analyst D. Mcfadgen now anticipates that the company will earn ($0.14) per share for the year, up from their prior forecast of ($0.18). The consensus estimate for Bragg Gaming Group’s current full-year earnings is ($0.15) per share. Cormark also issued estimates for Bragg Gaming Group’s FY2025 earnings at ($0.06) EPS.

Separately, JMP Securities restated a “market outperform” rating and issued a $7.00 price target on shares of Bragg Gaming Group in a report on Monday, October 14th.

Bragg Gaming Group Price Performance

BRAG opened at $3.31 on Friday. The stock has a market cap of $82.78 million, a P/E ratio of -13.54 and a beta of 0.93. The stock’s 50 day simple moving average is $4.65 and its 200 day simple moving average is $5.25. Bragg Gaming Group has a 1-year low of $2.86 and a 1-year high of $7.00.

Hedge Funds Weigh In On Bragg Gaming Group

Hedge funds have recently bought and sold shares of the stock. Marshall Wace LLP purchased a new position in Bragg Gaming Group during the second quarter worth $77,000. Dimensional Fund Advisors LP purchased a new position in Bragg Gaming Group during the second quarter worth $200,000. Finally, Renaissance Technologies LLC increased its position in Bragg Gaming Group by 40.7% during the second quarter. Renaissance Technologies LLC now owns 124,700 shares of the company’s stock worth $720,000 after buying an additional 36,100 shares in the last quarter. Hedge funds and other institutional investors 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.