Bragg Gaming Group (NASDAQ:BRAG) Issues Earnings Results

Bragg Gaming Group (NASDAQ:BRAG) announced its earnings results on Thursday. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.04), Zacks reports. Bragg Gaming Group had a negative net margin of 7.08% and a negative return on equity of 10.83%. The business had revenue of $31.45 million for the quarter, compared to analyst estimates of $26.56 million. Bragg Gaming Group updated its FY 2025 guidance to EPS.

Bragg Gaming Group Trading Down 11.9%

BRAG traded down $0.29 on Friday, hitting $2.15. 77,355 shares of the company’s stock were exchanged, compared to its average volume of 85,148. The stock has a fifty day moving average of $2.64 and a two-hundred day moving average of $3.55. Bragg Gaming Group has a twelve month low of $1.96 and a twelve month high of $6.12. The firm has a market cap of $53.84 million, a PE ratio of -6.32 and a beta of 0.83.

Institutional Trading of Bragg Gaming Group

An institutional investor recently raised its position in Bragg Gaming Group stock. Goldman Sachs Group Inc. lifted its position in Bragg Gaming Group Inc. (NASDAQ:BRAG) by 40.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 72,263 shares of the company’s stock after buying an additional 20,633 shares during the period. Goldman Sachs Group Inc. owned approximately 0.29% of Bragg Gaming Group worth $297,000 at the end of the most recent reporting period. 4.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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.