Inspired Entertainment, Inc. (NASDAQ:INSE) to Post Q2 2024 Earnings of $0.21 Per Share, B. Riley Forecasts

Inspired Entertainment, Inc. (NASDAQ:INSE) – Research analysts at B. Riley decreased their Q2 2024 earnings estimates for shares of Inspired Entertainment in a research report issued on Tuesday, April 16th. B. Riley analyst D. Bain now anticipates that the company will earn $0.21 per share for the quarter, down from their previous forecast of $0.23. 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 $0.69 per share. B. Riley also issued estimates for Inspired Entertainment’s Q3 2024 earnings at $0.31 EPS, Q4 2024 earnings at $0.26 EPS and FY2024 earnings at $0.74 EPS.

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

Other research analysts have also recently issued reports about the stock. JMP Securities reissued a “market outperform” rating and issued a $15.00 price target on shares of Inspired Entertainment in a report on Tuesday. Macquarie cut shares of Inspired Entertainment from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $16.00 to $10.00 in a report on Wednesday, January 17th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $16.25.

Inspired Entertainment Stock Down 2.9 %

Inspired Entertainment stock opened at $8.78 on Wednesday. The stock has a market cap of $233.20 million, a P/E ratio of 35.12 and a beta of 1.42. Inspired Entertainment has a twelve month low of $6.12 and a twelve month high of $16.01. The company’s 50-day moving average price is $9.47 and its two-hundred day moving average price is $9.40.

Institutional Trading of Inspired Entertainment

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Inspired Entertainment by 9.2% during the 4th quarter. Vanguard Group Inc. now owns 662,531 shares of the company’s stock worth $6,546,000 after acquiring an additional 55,950 shares in the last quarter. Potomac Capital Management Inc. boosted its position in shares of Inspired Entertainment by 4.8% during the 4th quarter. Potomac Capital Management Inc. now owns 447,496 shares of the company’s stock worth $4,421,000 after acquiring an additional 20,591 shares in the last quarter. Barclays PLC boosted its position in shares of Inspired Entertainment by 669.2% during the 4th quarter. Barclays PLC now owns 29,845 shares of the company’s stock worth $295,000 after acquiring an additional 25,965 shares in the last quarter. SkyView Investment Advisors LLC boosted its position in shares of Inspired Entertainment by 19.0% during the 4th quarter. SkyView Investment Advisors LLC now owns 20,871 shares of the company’s stock worth $206,000 after acquiring an additional 3,335 shares in the last quarter. Finally, Voya Investment Management LLC boosted its position in shares of Inspired Entertainment by 22.0% during the 4th quarter. Voya Investment Management LLC now owns 24,981 shares of the company’s stock worth $247,000 after acquiring an additional 4,501 shares in the last quarter. Institutional investors and hedge funds own 77.38% of the company’s stock.

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.