Research Analysts Issue Forecasts 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) - Stock analysts at Cormark cut their FY2025 EPS estimates for Bragg Gaming Group in a report released on Wednesday, September 3rd. Cormark analyst D. Mcfadgen now forecasts 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 - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The company reported ($0.08) earnings per share 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 business had revenue of $30.72 million during the quarter, compared to the consensus estimate of $27.86 million. Bragg Gaming Group has set its FY 2025 guidance at EPS.

Several other analysts also recently commented on BRAG. JMP Securities decreased their price objective 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. Benchmark downgraded 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 report on Monday, August 18th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $7.00.

Bragg Gaming Group Stock Down 0.3%

BRAG traded down $0.01 during trading on Friday, hitting $2.61. The company's stock had a trading volume of 47,737 shares, compared to its average volume of 61,857. The firm has a market cap of $65.38 million, a PE ratio of -10.92 and a beta of 0.83. Bragg Gaming Group has a one year low of $2.59 and a one year high of $6.12. The business's 50 day simple moving average is $3.73 and its 200-day simple moving average is $4.04.

Hedge Funds Weigh In On Bragg Gaming Group

A number of institutional investors and hedge funds have recently made changes to their positions in BRAG. Millennium Management LLC purchased a new position in shares of Bragg Gaming Group during the 4th quarter worth about $58,000. Dimensional Fund Advisors LP boosted its stake in shares of Bragg Gaming Group by 15.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 82,944 shares of the company's stock worth $307,000 after purchasing an additional 10,838 shares during the period. XTX Topco Ltd bought a new stake in Bragg Gaming Group during the 1st quarter valued at about $77,000. Cidel Asset Management Inc. lifted its holdings in Bragg Gaming Group by 23.6% during the 1st quarter. Cidel Asset Management Inc. now owns 156,898 shares of the company's stock valued at $654,000 after buying an additional 29,913 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Bragg Gaming Group by 40.0% during the 1st 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. 4.04% of the stock is owned by hedge funds and other institutional investors.

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.