Cormark Equities Analysts Boost Earnings Estimates for BRAG

Bragg Gaming Group Inc. (NASDAQ:BRAG) – Investment analysts at Cormark lifted their FY2024 earnings per share (EPS) estimates for shares of Bragg Gaming Group in a report released on Tuesday, November 19th. Cormark analyst D. Mcfadgen now forecasts that the company will earn ($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 ($0.13) 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 research note on Monday, October 14th.

Bragg Gaming Group Price Performance

Shares of NASDAQ BRAG opened at $3.31 on Friday. The stock has a fifty day moving average price of $4.62 and a 200 day moving average price of $5.24. Bragg Gaming Group has a 1-year low of $2.86 and a 1-year high of $7.00. The company has a market cap of $82.78 million, a PE ratio of -13.79 and a beta of 0.93.

Institutional Investors Weigh In On Bragg Gaming Group

Several institutional investors have recently made changes to their positions in the stock. Marshall Wace LLP purchased a new position in Bragg Gaming Group in the second quarter valued at about $77,000. Dimensional Fund Advisors LP acquired a new stake in shares of Bragg Gaming Group in the 2nd quarter worth approximately $200,000. Finally, Renaissance Technologies LLC grew its holdings in shares of Bragg Gaming Group by 40.7% in 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 during the period. 4.04% of the stock is currently 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.