Bragg Gaming Group (NASDAQ:BRAG) Issues Earnings Results

Key Points

• Bragg Gaming Group reported a quarterly earnings per share (EPS) of ($0.08), missing the consensus estimate by ($0.02), while revenue was $30.72 million, exceeding expectations.
• The company's stock performance revealed a market cap of $73.37 million with a price-to-earnings ratio of -10.85 and a recent trading price of $2.93.
• Goldman Sachs increased its position in Bragg Gaming Group by 40%, owning 0.29% of the company, while JMP Securities downgraded the price target from $6.00 to $4.00.

Bragg Gaming Group (NASDAQ:BRAG - Get Free Report) issued its quarterly earnings data on Thursday. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.02), Zacks reports. Bragg Gaming Group had a negative net margin of 5.63% and a negative return on equity of 8.14%. The company had revenue of $30.72 million during the quarter, compared to analyst estimates of $27.86 million. Bragg Gaming Group updated its FY 2025 guidance to EPS.

Bragg Gaming Group Stock Performance

NASDAQ:BRAG traded down $0.12 during mid-day trading on Friday, reaching $2.93. The stock had a trading volume of 231,169 shares, compared to its average volume of 59,794. The firm has a market capitalization of $73.37 million, a price-to-earnings ratio of -10.85 and a beta of 0.85. Bragg Gaming Group has a twelve month low of $2.86 and a twelve month high of $6.12. The business has a 50 day simple moving average of $4.26 and a 200 day simple moving average of $4.38.

Institutional Investors Weigh In On Bragg Gaming Group

An institutional investor recently raised its position in Bragg Gaming Group stock. Goldman Sachs Group Inc. boosted its position in Bragg Gaming Group Inc. (NASDAQ:BRAG - Free Report) by 40.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 72,263 shares of the company's stock after acquiring an additional 20,633 shares during the period. Goldman Sachs Group Inc. owned about 0.29% of Bragg Gaming Group worth $297,000 at the end of the most recent reporting period. 4.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, JMP Securities dropped their price target on Bragg Gaming Group from $6.00 to $4.00 and set a "market outperform" rating for the company in a research report on Friday.

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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