Equities Analysts Set Expectations for BRAG FY2025 Earnings

Key Points

• Cormark revised its FY2025 earnings estimate for Bragg Gaming Group, now predicting a loss of ($0.23) per share, down from a previous estimate of ($0.08).
• Other analysts also downgraded Bragg Gaming, with Benchmark lowering its rating from "buy" to "hold" and adjusting the price target to $6.00.
• Bragg Gaming's stock is currently trading at $2.63, with a 52-week price range of $2.59 to $6.12.

Bragg Gaming Group Inc. (NASDAQ:BRAG - Free Report) - Investment analysts at Cormark cut their FY2025 earnings per share estimates for shares of Bragg Gaming Group in a report issued on Wednesday, September 3rd. Cormark analyst D. Mcfadgen now forecasts that the company will post earnings of ($0.23) per share for the year, down from their prior 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 - Get Free Report) last posted 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 net margin of 5.04% and a negative return on equity of 7.51%. The business had revenue of $30.72 million during the quarter, compared to analyst estimates of $27.86 million. Bragg Gaming Group has set its FY 2025 guidance at EPS.

BRAG has been the topic of several other reports. Benchmark lowered shares of Bragg Gaming Group from a "buy" rating to a "hold" rating and set a $6.00 target price on the stock. in a research report on Monday, August 18th. JMP Securities reduced their price objective on shares of Bragg Gaming Group from $6.00 to $4.00 and set a "market outperform" rating for the company in a research note on Friday, August 15th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, Bragg Gaming Group currently has an average rating of "Moderate Buy" and a consensus target price of $7.00.

Bragg Gaming Group Stock Performance

NASDAQ:BRAG traded down $0.07 during trading hours on Friday, hitting $2.62. The company's stock had a trading volume of 39,576 shares, compared to its average volume of 61,979. The business's 50-day moving average is $3.76 and its two-hundred day moving average is $4.05. The company has a market capitalization of $65.60 million, a PE ratio of -10.92 and a beta of 0.83. Bragg Gaming Group has a 52-week low of $2.59 and a 52-week high of $6.12.

Institutional Trading of Bragg Gaming Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its stake in shares of Bragg Gaming Group by 15.0% during 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 during the period. Millennium Management LLC purchased a new stake in Bragg Gaming Group in the 4th quarter worth approximately $58,000. Cidel Asset Management Inc. raised its holdings in Bragg Gaming Group by 23.6% in the 1st quarter. Cidel Asset Management Inc. now owns 156,898 shares of the company's stock valued at $654,000 after acquiring an additional 29,913 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Bragg Gaming Group during the 1st quarter worth $77,000. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Bragg Gaming Group by 40.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 72,263 shares of the company's stock worth $297,000 after purchasing an additional 20,633 shares during the period. 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.