B. Riley Research Analysts Lower Earnings Estimates for Inspired Entertainment, Inc. (NASDAQ:INSE)

Inspired Entertainment, Inc. (NASDAQ:INSE) – Stock analysts at B. Riley dropped their Q1 2024 earnings estimates for shares of Inspired Entertainment in a research note issued on Tuesday, April 16th. B. Riley analyst D. Bain now expects that the company will post earnings of ($0.03) per share 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 $0.73 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 equities research analysts have also recently issued reports on INSE. Macquarie cut shares of Inspired Entertainment from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $16.00 to $10.00 in a 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 report on Tuesday. 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 company presently has a consensus rating of “Moderate Buy” and an average price target of $16.25.

Inspired Entertainment Price Performance

Shares of INSE stock opened at $9.04 on Thursday. The company’s fifty day simple moving average is $9.48 and its two-hundred day simple moving average is $9.41. Inspired Entertainment has a 1 year low of $6.12 and a 1 year high of $16.01. The stock has a market capitalization of $237.03 million, a price-to-earnings ratio of 36.16 and a beta of 1.42.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in INSE. Cannell Capital LLC grew its position in shares of Inspired Entertainment by 28.8% during the 3rd quarter. Cannell Capital LLC now owns 1,409,672 shares of the company’s stock valued at $16,860,000 after purchasing an additional 315,530 shares in the last quarter. Portolan Capital Management LLC grew its position in shares of Inspired Entertainment by 104.1% during the 1st quarter. Portolan Capital Management LLC now owns 489,720 shares of the company’s stock valued at $6,024,000 after purchasing an additional 249,794 shares in the last quarter. Ameriprise Financial Inc. grew its position in Inspired Entertainment by 250.3% in the first quarter. Ameriprise Financial Inc. now owns 338,480 shares of the company’s stock worth $4,329,000 after acquiring an additional 241,866 shares in the last quarter. State Street Corp grew its position in Inspired Entertainment by 221.9% in the second quarter. State Street Corp now owns 267,868 shares of the company’s stock worth $2,306,000 after acquiring an additional 184,648 shares in the last quarter. Finally, Private Management Group Inc. purchased a new position in Inspired Entertainment in the fourth quarter worth $1,772,000. 77.38% of the stock is currently owned by hedge funds and other 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.