Research Analysts Set Expectations for BRAG FY2025 Earnings

Bragg Gaming Group Inc. (NASDAQ:BRAG) – Research analysts at Cormark lifted their FY2025 earnings estimates for shares of Bragg Gaming Group in a research note issued to investors on Thursday, January 30th. Cormark analyst D. Mcfadgen now expects that the company will post earnings per share of $0.03 for the year, up from their prior forecast of ($0.06). 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 $0.09 EPS.

A number of other equities research analysts have also weighed in on BRAG. JMP Securities decreased their target price on Bragg Gaming Group from $6.00 to $5.00 and set a “market outperform” rating for the company in a research report on Monday, January 6th. Benchmark downgraded shares of Bragg Gaming Group from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, January 30th.

Bragg Gaming Group Stock Performance

Shares of NASDAQ:BRAG opened at $5.44 on Monday. The firm’s 50 day simple moving average is $3.77 and its 200-day simple moving average is $4.46. Bragg Gaming Group has a one year low of $2.86 and a one year high of $7.00. The firm has a market cap of $136.23 million, a PE ratio of -22.67 and a beta of 0.78.

Hedge Funds Weigh In On Bragg Gaming Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP purchased a new stake in Bragg Gaming Group in the second quarter valued at approximately $200,000. Marshall Wace LLP acquired a new position in Bragg Gaming Group during the second quarter valued at $77,000. Finally, Renaissance Technologies LLC raised its stake in shares of Bragg Gaming Group by 40.7% during the 2nd quarter. Renaissance Technologies LLC now owns 124,700 shares of the company’s stock valued at $720,000 after buying an additional 36,100 shares during 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.