Equities Analysts Issue Forecasts for BRAG FY2024 Earnings

Bragg Gaming Group Inc. (NASDAQ:BRAG) – Investment analysts at Cormark boosted their FY2024 earnings estimates for Bragg Gaming Group in a report issued on Tuesday, November 19th. Cormark analyst D. Mcfadgen now expects that the company will post earnings of ($0.14) per share for the year, up from their previous forecast of ($0.18). The consensus estimate for Bragg Gaming Group’s current full-year earnings is ($0.15) per share. Cormark also issued estimates for Bragg Gaming Group’s FY2025 earnings at ($0.06) EPS.

Separately, JMP Securities restated a “market outperform” rating and issued a $7.00 target price on shares of Bragg Gaming Group in a report on Monday, October 14th.

Bragg Gaming Group Trading Down 0.3 %

Shares of BRAG opened at $3.25 on Friday. The company has a market capitalization of $81.28 million, a PE ratio of -13.54 and a beta of 0.93. The stock’s 50-day moving average price is $4.65 and its two-hundred day moving average price is $5.25. Bragg Gaming Group has a 12 month low of $2.86 and a 12 month high of $7.00.

Hedge Funds Weigh In On Bragg Gaming Group

Institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP acquired a new stake in shares of Bragg Gaming Group during the 2nd quarter worth approximately $200,000. Marshall Wace LLP bought a new position in Bragg Gaming Group during the second quarter worth $77,000. Finally, Renaissance Technologies LLC grew its holdings in Bragg Gaming Group by 40.7% in the second quarter. Renaissance Technologies LLC now owns 124,700 shares of the company’s stock worth $720,000 after purchasing an additional 36,100 shares during the period. 4.04% of the stock is owned by institutional investors and hedge funds.

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.