Bragg Gaming Group (NASDAQ:BRAG) Issues Quarterly Earnings Results

Bragg Gaming Group (NASDAQ:BRAG) announced its earnings results on Thursday. The company reported ($0.03) earnings per share (EPS) for the quarter, Zacks reports. Bragg Gaming Group had a negative return on equity of 7.42% and a negative net margin of 5.33%. The business had revenue of $28.97 million for the quarter. Bragg Gaming Group updated its FY 2025 guidance to EPS.

Bragg Gaming Group Stock Performance

Shares of BRAG stock traded down $0.13 on Friday, hitting $4.29. 14,226 shares of the stock traded hands, compared to its average volume of 61,051. The firm’s 50-day moving average price is $4.71 and its two-hundred day moving average price is $4.41. The stock has a market capitalization of $107.31 million, a PE ratio of -17.83 and a beta of 0.78. Bragg Gaming Group has a twelve month low of $2.86 and a twelve month high of $7.00.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BRAG. Maxim Group lifted their target price on shares of Bragg Gaming Group from $9.00 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. Benchmark cut shares of Bragg Gaming Group from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, January 30th. Finally, JMP Securities lowered their target price on shares of Bragg Gaming Group from $6.00 to $5.00 and set a “market outperform” rating on the stock in a research note on Monday, January 6th.

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.