Bragg Gaming Group (NASDAQ:BRAG) Issues Earnings Results

Bragg Gaming Group (NASDAQ:BRAG) announced its quarterly earnings results on Thursday. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.04), Zacks reports. The business had revenue of $31.45 million during the quarter, compared to analyst estimates of $26.56 million. Bragg Gaming Group had a negative net margin of 5.04% and a negative return on equity of 7.51%. Bragg Gaming Group updated its FY 2025 guidance to EPS.

Bragg Gaming Group Price Performance

Shares of BRAG stock traded down $0.29 during trading hours on Friday, reaching $2.15. 77,355 shares of the stock were exchanged, compared to its average volume of 63,588. The business’s fifty day moving average is $2.65 and its two-hundred day moving average is $3.56. Bragg Gaming Group has a 12-month low of $1.96 and a 12-month high of $6.12. The firm has a market capitalization of $53.84 million, a P/E ratio of -8.96 and a beta of 0.83.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BRAG. Weiss Ratings restated a “sell (e+)” rating on shares of Bragg Gaming Group in a report on Thursday, October 30th. Citigroup downgraded shares of Bragg Gaming Group from an “outperform” rating to a “market perform” rating in a research note on Friday, October 17th. Citizens Jmp restated a “market perform” rating on shares of Bragg Gaming Group in a report on Friday, October 17th. JMP Securities reiterated a “market perform” rating and issued a $4.00 target price on shares of Bragg Gaming Group in a report on Friday, October 17th. Finally, Benchmark lowered Bragg Gaming Group from a “buy” rating to a “hold” rating and set a $6.00 target price on the stock. in a research report on Monday, August 18th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $7.00.

Institutional Investors Weigh In On Bragg Gaming Group

An institutional investor recently raised its position in Bragg Gaming Group stock. Goldman Sachs Group Inc. raised its stake in shares of Bragg Gaming Group Inc. (NASDAQ:BRAG) by 40.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 72,263 shares of the company’s stock after acquiring an additional 20,633 shares during the period. Goldman Sachs Group Inc. owned approximately 0.29% of Bragg Gaming Group worth $297,000 as of its most recent SEC filing. 4.04% of the stock is currently owned by institutional investors and hedge funds.

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.