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

Bragg Gaming Group (NASDAQ:BRAG) issued its quarterly earnings results on Thursday. The company reported ($0.11) EPS for the quarter, Zacks reports. Bragg Gaming Group had a negative return on equity of 7.51% and a negative net margin of 5.04%. Bragg Gaming Group updated its FY 2025 guidance to EPS.

Bragg Gaming Group Trading Up 17.1%

NASDAQ BRAG traded up $0.36 on Thursday, reaching $2.43. 291,031 shares of the stock were exchanged, compared to its average volume of 63,204. Bragg Gaming Group has a one year low of $1.96 and a one year high of $6.12. The firm has a market capitalization of $60.72 million, a PE ratio of -10.17 and a beta of 0.83. The company’s 50-day simple moving average is $2.66 and its two-hundred day simple moving average is $3.57.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. JMP Securities reissued a “market perform” rating and set a $4.00 price objective on shares of Bragg Gaming Group in a research report on Friday, October 17th. Citizens Jmp reissued a “market perform” rating on shares of Bragg Gaming Group in a research report on Friday, October 17th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Bragg Gaming Group in a research report on Thursday, October 30th. Benchmark lowered Bragg Gaming Group from a “buy” rating to a “hold” rating and set a $6.00 target price for the company. in a report on Monday, August 18th. Finally, Citigroup cut shares of Bragg Gaming Group from an “outperform” rating to a “market perform” rating in a report on Friday, October 17th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $7.00.

Hedge Funds Weigh In On Bragg Gaming Group

A hedge fund recently raised its stake 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 first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,263 shares of the company’s stock after buying an additional 20,633 shares during the quarter. Goldman Sachs Group Inc. owned about 0.29% of Bragg Gaming Group worth $297,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 4.04% of the stock is currently owned by institutional investors.

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.