FY2024 EPS Forecast for Bragg Gaming Group Raised by Analyst

Bragg Gaming Group Inc. (NASDAQ:BRAG) – Stock analysts at Cormark increased their FY2024 earnings per share estimates for Bragg Gaming Group in a research note issued to investors on Tuesday, November 19th. Cormark analyst D. Mcfadgen now expects that the company will post earnings per share of ($0.14) 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 reiterated 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 Up 2.2 %

Shares of Bragg Gaming Group stock opened at $3.31 on Friday. Bragg Gaming Group has a twelve month low of $2.86 and a twelve month high of $7.00. The stock has a market capitalization of $82.78 million, a P/E ratio of -13.54 and a beta of 0.93. The business’s fifty day moving average price is $4.65 and its 200 day moving average price is $5.25.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its stake in shares of Bragg Gaming Group by 40.7% during 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 in the last quarter. Dimensional Fund Advisors LP acquired a new position in shares of Bragg Gaming Group during the second quarter worth about $200,000. Finally, Marshall Wace LLP acquired a new position in shares of Bragg Gaming Group during the second quarter worth about $77,000. Institutional investors and hedge funds 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.