Q2 2024 EPS Estimates for Inspired Entertainment, Inc. Lowered by Analyst (NASDAQ:INSE)

Inspired Entertainment, Inc. (NASDAQ:INSE) – Stock analysts at B. Riley decreased their Q2 2024 earnings per share (EPS) estimates for shares of Inspired Entertainment in a note issued to investors on Tuesday, April 16th. B. Riley analyst D. Bain now forecasts that the company will post earnings per share of $0.21 for the quarter, down from their prior 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 $0.73 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 earnings results on Tuesday, February 27th. The company reported $0.12 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%.

A number of other analysts have also recently weighed in on INSE. JMP Securities reiterated a “market outperform” rating and set a $15.00 price target on shares of Inspired Entertainment in a research report on Tuesday. Macquarie cut Inspired Entertainment from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $16.00 to $10.00 in a research report on Wednesday, January 17th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $16.25.

Inspired Entertainment Trading Down 1.7 %

Shares of Inspired Entertainment stock opened at $9.04 on Wednesday. The business’s 50 day simple moving average is $9.48 and its 200-day simple moving average is $9.41. 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 has a twelve month low of $6.12 and a twelve month high of $16.01.

Institutional Trading of Inspired Entertainment

Several large investors have recently added to or reduced their stakes in INSE. UBS Group AG acquired a new position in shares of Inspired Entertainment during the 3rd quarter valued at $40,000. Royal Bank of Canada increased its position in shares of Inspired Entertainment by 208.0% during the 1st quarter. Royal Bank of Canada now owns 3,588 shares of the company’s stock valued at $44,000 after purchasing an additional 2,423 shares during the period. Barclays PLC increased its position in shares of Inspired Entertainment by 525.4% during the 4th quarter. Barclays PLC now owns 5,722 shares of the company’s stock valued at $73,000 after purchasing an additional 4,807 shares during the period. American International Group Inc. acquired a new position in shares of Inspired Entertainment during the 2nd quarter valued at $89,000. Finally, BNP Paribas Arbitrage SA increased its position in shares of Inspired Entertainment by 575.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,821 shares of the company’s stock valued at $93,000 after purchasing an additional 9,220 shares during the period. 77.38% of the stock is currently owned by institutional investors and hedge funds.

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.