B. Riley Expects Reduced Earnings for Inspired Entertainment

Inspired Entertainment, Inc. (NASDAQ:INSE) – Equities research analysts at B. Riley decreased their FY2024 earnings per share estimates for Inspired Entertainment in a note issued to investors on Monday, November 11th. B. Riley analyst D. Bain now expects that the company will post earnings per share of $0.20 for the year, down from their previous estimate of $0.68. The consensus estimate for Inspired Entertainment’s current full-year earnings is $0.27 per share. B. Riley also issued estimates for Inspired Entertainment’s Q1 2025 earnings at $0.02 EPS, Q3 2025 earnings at $0.34 EPS and Q4 2025 earnings at $0.18 EPS.

A number of other equities research analysts also recently weighed in on the stock. Macquarie lowered their target price on shares of Inspired Entertainment from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Craig Hallum raised shares of Inspired Entertainment to a “strong-buy” rating in a report on Thursday, October 17th.

Inspired Entertainment Stock Down 1.4 %

NASDAQ:INSE opened at $10.09 on Thursday. The stock has a market cap of $268.19 million, a P/E ratio of -1,007.99 and a beta of 1.40. The business’s 50-day moving average price is $9.48 and its two-hundred day moving average price is $9.08. Inspired Entertainment has a twelve month low of $7.36 and a twelve month high of $11.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of INSE. Barclays PLC boosted its stake in shares of Inspired Entertainment by 314.1% in the 3rd quarter. Barclays PLC now owns 31,321 shares of the company’s stock valued at $291,000 after purchasing an additional 23,757 shares in the last quarter. State Street Corp lifted its stake in Inspired Entertainment by 0.7% in the third quarter. State Street Corp now owns 405,625 shares of the company’s stock worth $3,760,000 after purchasing an additional 2,675 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Inspired Entertainment by 232.2% during the third quarter. BNP Paribas Financial Markets now owns 28,317 shares of the company’s stock valued at $262,000 after buying an additional 19,794 shares during the period. Foundry Partners LLC grew its stake in shares of Inspired Entertainment by 12.8% during the third quarter. Foundry Partners LLC now owns 529,380 shares of the company’s stock valued at $4,907,000 after buying an additional 59,915 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new position in shares of Inspired Entertainment in the third quarter worth about $106,000. 77.38% of the stock is currently owned by institutional investors.

Inspired Entertainment Company Profile

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.