Inspired Entertainment, Inc. (NASDAQ:INSE - Free Report) - Investment analysts at B. Riley reduced their Q2 2024 earnings estimates for 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 of $0.21 per share 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 - Get Free Report) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.12 EPS 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%.
INSE has been the topic of a number of other reports. JMP Securities reiterated a "market outperform" rating and set a $15.00 target price on shares of Inspired Entertainment in a research report on Tuesday. Macquarie lowered shares of Inspired Entertainment from an "outperform" rating to a "neutral" rating and reduced their target price for the stock from $16.00 to $10.00 in a research report on Wednesday, January 17th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $16.25.
Check Out Our Latest Analysis on INSE
Inspired Entertainment Stock Down 1.7 %
NASDAQ:INSE traded down $0.16 on Wednesday, reaching $9.04. The stock had a trading volume of 124,559 shares, compared to its average volume of 117,768. The company has a market capitalization of $237.03 million, a P/E ratio of 36.16 and a beta of 1.42. Inspired Entertainment has a 1-year low of $6.12 and a 1-year high of $16.01. The stock has a fifty day moving average price of $9.48 and a 200-day moving average price of $9.41.
Institutional Investors Weigh In On Inspired Entertainment
A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Inspired Entertainment by 9.2% during the fourth quarter. Vanguard Group Inc. now owns 662,531 shares of the company's stock worth $6,546,000 after buying an additional 55,950 shares during the last quarter. Potomac Capital Management Inc. raised its stake in shares of Inspired Entertainment by 4.8% during the fourth quarter. Potomac Capital Management Inc. now owns 447,496 shares of the company's stock worth $4,421,000 after buying an additional 20,591 shares during the last quarter. Barclays PLC raised its stake in shares of Inspired Entertainment by 669.2% during the fourth quarter. Barclays PLC now owns 29,845 shares of the company's stock worth $295,000 after buying an additional 25,965 shares during the last quarter. SkyView Investment Advisors LLC raised its stake in shares of Inspired Entertainment by 19.0% during the fourth quarter. SkyView Investment Advisors LLC now owns 20,871 shares of the company's stock worth $206,000 after buying an additional 3,335 shares during the last quarter. Finally, Voya Investment Management LLC raised its stake in shares of Inspired Entertainment by 22.0% during the fourth quarter. Voya Investment Management LLC now owns 24,981 shares of the company's stock worth $247,000 after buying an additional 4,501 shares during the last quarter. 77.38% of the stock is owned by institutional investors.
Inspired Entertainment Company Profile
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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.
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