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Cormark Forecasts Stronger Earnings for Bragg Gaming Group

Bragg Gaming Group logo with Consumer Discretionary background

Bragg Gaming Group Inc. (NASDAQ:BRAG - Free Report) - Cormark upped their FY2025 earnings per share estimates for shares of Bragg Gaming Group in a research report issued to clients and investors on Thursday, January 30th. Cormark analyst D. Mcfadgen now forecasts that the company will post earnings per share of $0.03 for the year, up from their previous estimate of ($0.06). The consensus estimate for Bragg Gaming Group's current full-year earnings is ($0.14) per share. Cormark also issued estimates for Bragg Gaming Group's FY2026 earnings at $0.09 EPS.

A number of other research firms also recently commented on BRAG. JMP Securities dropped 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 report on Monday, January 6th. Benchmark cut Bragg Gaming Group from a "strong-buy" rating to a "moderate buy" rating in a research report on Thursday, January 30th.

Check Out Our Latest Stock Analysis on BRAG

Bragg Gaming Group Price Performance

BRAG remained flat at $5.49 on Monday. The company had a trading volume of 39,234 shares, compared to its average volume of 79,997. The company has a market capitalization of $137.47 million, a P/E ratio of -22.87 and a beta of 0.78. Bragg Gaming Group has a 52-week low of $2.86 and a 52-week high of $7.00. The business has a fifty day simple moving average of $3.86 and a 200 day simple moving average of $4.47.

Institutional Trading of Bragg Gaming Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC grew its position in Bragg Gaming Group by 40.7% during the 2nd quarter. Renaissance Technologies LLC now owns 124,700 shares of the company's stock worth $720,000 after purchasing an additional 36,100 shares during the last quarter. Dimensional Fund Advisors LP purchased 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 Bragg Gaming Group in the 2nd quarter valued at about $77,000. Hedge funds and other institutional investors own 4.04% of the company's stock.

About Bragg Gaming Group

(Get Free Report)

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.

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