Cormark Has Optimistic Outlook of BRAG FY2025 Earnings

Bragg Gaming Group Inc. (NASDAQ:BRAG) – Cormark raised their FY2025 earnings per share estimates for Bragg Gaming Group in a research report issued on Thursday, January 30th. Cormark analyst D. Mcfadgen now forecasts that the company will post earnings of $0.03 per share for the year, up from their previous estimate 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.

BRAG has been the subject of a number of other reports. JMP Securities reduced their price objective on shares of Bragg Gaming Group from $6.00 to $5.00 and set a “market outperform” rating for the company in a research note on Monday, January 6th. Benchmark lowered Bragg Gaming Group from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, January 30th.

Bragg Gaming Group Trading Up 4.6 %

Bragg Gaming Group stock opened at $5.44 on Monday. Bragg Gaming Group has a 12-month low of $2.86 and a 12-month high of $7.00. The firm has a market capitalization of $136.23 million, a price-to-earnings ratio of -22.67 and a beta of 0.78. The firm has a 50 day moving average of $3.77 and a 200 day moving average of $4.46.

Hedge Funds Weigh In On Bragg Gaming Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Marshall Wace LLP purchased a new position in shares of Bragg Gaming Group during the second quarter valued at about $77,000. Dimensional Fund Advisors LP bought a new stake in Bragg Gaming Group in the 2nd quarter worth approximately $200,000. Finally, Renaissance Technologies LLC raised its holdings 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 worth $720,000 after acquiring an additional 36,100 shares in the last quarter. Institutional investors own 4.04% of the company’s stock.

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.