FY2024 EPS Estimates for Bragg Gaming Group Inc. Reduced by Analyst (NASDAQ:BRAG)

Bragg Gaming Group Inc. (NASDAQ:BRAG) – Investment analysts at Cormark dropped their FY2024 earnings per share estimates for Bragg Gaming Group in a research report issued to clients and investors on Wednesday, March 27th. Cormark analyst D. Mcfadgen now forecasts that the company will earn ($0.03) per share for the year, down from their prior forecast of $0.11. The consensus estimate for Bragg Gaming Group’s current full-year earnings is $0.06 per share.

Bragg Gaming Group Price Performance

Shares of BRAG stock opened at $6.17 on Friday. Bragg Gaming Group has a 1 year low of $2.92 and a 1 year high of $6.45. The stock’s 50 day simple moving average is $5.30 and its two-hundred day simple moving average is $5.02. The company has a market cap of $142.61 million, a PE ratio of -36.29 and a beta of 0.82.

Institutional Investors Weigh In On Bragg Gaming Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BRAG. UBS Group AG grew its stake in shares of Bragg Gaming Group by 467.5% during the first quarter. UBS Group AG now owns 85,493 shares of the company’s stock valued at $614,000 after buying an additional 70,429 shares during the last quarter. Susquehanna International Group LLP grew its stake in shares of Bragg Gaming Group by 15.4% during the first quarter. Susquehanna International Group LLP now owns 50,052 shares of the company’s stock valued at $178,000 after buying an additional 6,679 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Bragg Gaming Group by 100.6% during the second quarter. Bank of Montreal Can now owns 34,500 shares of the company’s stock valued at $190,000 after buying an additional 17,300 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Bragg Gaming Group by 2,102.2% during the second quarter. Royal Bank of Canada now owns 27,395 shares of the company’s stock valued at $84,000 after buying an additional 26,151 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of Bragg Gaming Group during the second quarter valued at approximately $50,000. 4.04% of the stock is currently owned by hedge funds and other institutional investors.

Bragg Gaming Group Company Profile

Bragg Gaming Group Inc operates as an online gaming and content supplier to the gaming industry 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 content services from iGaming platform and turnkey gaming solution; and proprietary third-party gaming content, which delivers through a single integrated platform.