Bragg Gaming Group Inc. (NASDAQ:BRAG) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Bragg Gaming Group Inc. has received an average analyst recommendation of "Hold" from six research firms, with one sell rating, four holds, and one buy rating.
• The company's shares recently traded at $2.81, down 1.1%, and are below the average price target of $7.00 set by brokers.
• In its latest earnings report, Bragg Gaming Group reported a loss of ($0.08) earnings per share (EPS), missing expectations, despite revenue exceeding forecasts.

Shares of Bragg Gaming Group Inc. (NASDAQ:BRAG - Get Free Report) have earned a consensus rating of "Hold" from the six research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $7.00.

BRAG has been the topic of several recent research reports. Benchmark cut shares of Bragg Gaming Group from a "buy" rating to a "hold" rating and set a $6.00 price objective on the stock. in a research note on Monday, August 18th. Citizens Jmp reiterated a "market perform" rating on shares of Bragg Gaming Group in a research note on Friday. Weiss Ratings reiterated a "sell (d-)" rating on shares of Bragg Gaming Group in a research note 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 note on Friday. Finally, Citigroup cut shares of Bragg Gaming Group from an "outperform" rating to a "market perform" rating in a research note on Friday.

Institutional Investors Weigh In On Bragg Gaming Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cidel Asset Management Inc. raised its stake in Bragg Gaming Group by 20.5% during the 2nd quarter. Cidel Asset Management Inc. now owns 189,077 shares of the company's stock worth $815,000 after acquiring an additional 32,179 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Bragg Gaming Group by 40.0% during 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 during the last quarter. Militia Capital Partners LP bought a new stake in shares of Bragg Gaming Group during the first quarter valued at approximately $58,000. Finally, XTX Topco Ltd bought a new stake in shares of Bragg Gaming Group during the first quarter valued at approximately $77,000. Institutional investors own 4.04% of the company's stock.

Bragg Gaming Group Stock Down 1.1%

Shares of NASDAQ BRAG traded down $0.03 during trading on Friday, reaching $2.81. 15,414 shares of the company traded hands, compared to its average volume of 61,091. The firm has a 50 day simple moving average of $2.90 and a 200-day simple moving average of $3.75. The stock has a market capitalization of $70.36 million, a PE ratio of -11.71 and a beta of 0.85. Bragg Gaming Group has a 52-week low of $2.59 and a 52-week high of $6.12.

Bragg Gaming Group (NASDAQ:BRAG - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.02). The company had revenue of $30.72 million for the quarter, compared to analysts' expectations 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, research analysts predict that Bragg Gaming Group will post -0.14 EPS for the current 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.

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