B. Riley Comments on Inspired Entertainment, Inc.’s Q1 2024 Earnings (NASDAQ:INSE)

Inspired Entertainment, Inc. (NASDAQ:INSE) – Equities research analysts at B. Riley lowered their Q1 2024 earnings per share (EPS) estimates for shares of Inspired Entertainment in a research note issued to investors on Tuesday, April 16th. B. Riley analyst D. Bain now anticipates that the company will post earnings per share of ($0.03) for the quarter, down from their prior forecast of $0.09. B. Riley has a “Buy” rating and a $21.00 price objective on the stock. The consensus estimate for Inspired Entertainment’s current full-year earnings is $0.76 per share. B. Riley also issued estimates for Inspired Entertainment’s Q1 2025 earnings at $0.13 EPS, Q2 2025 earnings at $0.28 EPS, Q3 2025 earnings at $0.37 EPS, Q4 2025 earnings at $0.26 EPS and FY2025 earnings at $1.04 EPS.

A number of other research firms have also issued reports on INSE. Macquarie lowered Inspired Entertainment from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $16.00 to $10.00 in a research report on Wednesday, January 17th. JMP Securities reissued a “market outperform” rating and set a $15.00 target price on shares of Inspired Entertainment in a research report on Tuesday. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Inspired Entertainment currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.25.

Inspired Entertainment Price Performance

INSE stock opened at $8.89 on Thursday. The firm has a market capitalization of $236.12 million, a P/E ratio of 35.56 and a beta of 1.42. The business’s 50-day moving average is $9.46 and its two-hundred day moving average is $9.39. Inspired Entertainment has a 1 year low of $6.12 and a 1 year high of $16.01.

Inspired Entertainment (NASDAQ:INSE) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $97.50 million for the quarter. Inspired Entertainment had a negative return on equity of 16.61% and a net margin of 3.22%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Cannell Capital LLC grew its stake in Inspired Entertainment by 28.8% during the 3rd quarter. Cannell Capital LLC now owns 1,409,672 shares of the company’s stock worth $16,860,000 after buying an additional 315,530 shares during the last quarter. Clear Harbor Asset Management LLC grew its stake in Inspired Entertainment by 4.6% during the 4th quarter. Clear Harbor Asset Management LLC now owns 34,125 shares of the company’s stock worth $337,000 after buying an additional 1,500 shares during the last quarter. Foundry Partners LLC grew its stake in Inspired Entertainment by 22.7% during the 3rd quarter. Foundry Partners LLC now owns 345,855 shares of the company’s stock worth $4,136,000 after buying an additional 63,895 shares during the last quarter. Hudson Bay Capital Management LP grew its stake in shares of Inspired Entertainment by 5.0% in the 3rd quarter. Hudson Bay Capital Management LP now owns 157,469 shares of the company’s stock valued at $1,883,000 after purchasing an additional 7,469 shares during the last quarter. Finally, Gamco Investors INC. ET AL grew its stake in shares of Inspired Entertainment by 58.7% in the 3rd quarter. Gamco Investors INC. ET AL now owns 64,900 shares of the company’s stock valued at $776,000 after purchasing an additional 24,000 shares during the last quarter. Hedge funds and other institutional investors own 77.38% of the company’s stock.

About Inspired Entertainment

Inspired Entertainment, Inc, a gaming technology company, engages in the supply of content, platform, and other products and services to regulated lottery, betting, and gaming operators worldwide. It operates in four segments: Gaming, Virtual Sports, Interactive, and Leisure. The Gaming segment supplies gaming terminals and software to betting offices, casinos, gaming halls, and high street adult gaming centers; a portfolio of games through its digital terminals under the Centurion and Super Hot Fruits names; and traditional casino games, such as roulette, blackjack, and number games.