Cormark Boosts Earnings Estimates for Bragg Gaming Group

Bragg Gaming Group Inc. (NASDAQ:BRAG) – Stock analysts at Cormark upped their FY2024 EPS estimates for shares of Bragg Gaming Group in a report issued on Tuesday, November 19th. Cormark analyst D. Mcfadgen now forecasts that the company will post earnings per share of ($0.14) for the year, up from their prior estimate 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 reaffirmed a “market outperform” rating and issued a $7.00 target price on shares of Bragg Gaming Group in a research report on Monday, October 14th.

Bragg Gaming Group Stock Down 0.3 %

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

Hedge Funds Weigh In On Bragg Gaming Group

A number of hedge funds have recently bought and sold shares of BRAG. Marshall Wace LLP acquired a new position in shares of Bragg Gaming Group during the 2nd quarter worth approximately $77,000. Dimensional Fund Advisors LP acquired a new stake in Bragg Gaming Group during the second quarter worth about $200,000. Finally, Renaissance Technologies LLC increased its holdings in Bragg Gaming Group by 40.7% in the 2nd quarter. Renaissance Technologies LLC now owns 124,700 shares of the company’s stock valued at $720,000 after buying an additional 36,100 shares during the period. 4.04% of the stock is owned by 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.