Research Analysts Issue Forecasts for BRAG FY2025 Earnings

Bragg Gaming Group Inc. (NASDAQ:BRAG) – Equities researchers at Cormark decreased their FY2025 earnings estimates for Bragg Gaming Group in a research report issued to clients and investors on Wednesday, September 3rd. Cormark analyst D. Mcfadgen now expects that the company will post earnings per share of ($0.23) for the year, down from their previous estimate of ($0.08). The consensus estimate for Bragg Gaming Group’s current full-year earnings is ($0.14) per share. Cormark also issued estimates for Bragg Gaming Group’s FY2026 earnings at ($0.07) EPS.

Bragg Gaming Group (NASDAQ:BRAG) last issued its quarterly earnings results on Thursday, August 14th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.02). Bragg Gaming Group had a negative return on equity of 7.51% and a negative net margin of 5.04%.The company had revenue of $30.72 million for the quarter, compared to the consensus estimate of $27.86 million. Bragg Gaming Group has set its FY 2025 guidance at EPS.

Other equities analysts have also recently issued research reports about the stock. Benchmark cut shares of Bragg Gaming Group from a “buy” rating to a “hold” rating and set a $6.00 price target on the stock. in a research report on Monday, August 18th. 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. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Bragg Gaming Group has a consensus rating of “Moderate Buy” and an average price target of $7.00.

Bragg Gaming Group Stock Performance

Shares of BRAG stock opened at $2.66 on Friday. Bragg Gaming Group has a one year low of $2.59 and a one year high of $6.12. The company’s 50-day simple moving average is $3.79 and its 200-day simple moving average is $4.09. The stock has a market capitalization of $66.61 million, a price-to-earnings ratio of -11.08 and a beta of 0.83.

Institutional Investors Weigh In On Bragg Gaming Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in shares of Bragg Gaming Group by 15.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 82,944 shares of the company’s stock valued at $307,000 after buying an additional 10,838 shares in the last quarter. Militia Capital Partners LP bought a new position in shares of Bragg Gaming Group in the first quarter valued at $58,000. Millennium Management LLC bought a new position in shares of Bragg Gaming Group in the fourth quarter valued at $58,000. XTX Topco Ltd bought a new position in shares of Bragg Gaming Group in the first quarter valued at $77,000. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Bragg Gaming Group by 40.0% in the first quarter. Goldman Sachs Group Inc. now owns 72,263 shares of the company’s stock valued at $297,000 after buying an additional 20,633 shares in the last quarter. Institutional investors own 4.04% of the company’s stock.

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.