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

Inspired Entertainment, Inc. (NASDAQ:INSE - Free Report) - Stock analysts at B. Riley lowered their Q1 2024 EPS estimates for shares of Inspired Entertainment in a report 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 estimate of $0.09. B. Riley currently has a "Buy" rating and a $21.00 target price 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 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.

Several other brokerages also recently commented on INSE. JMP Securities reaffirmed a "market outperform" rating and issued a $15.00 target price on shares of Inspired Entertainment in a research note on Tuesday. Macquarie downgraded shares of Inspired Entertainment from an "outperform" rating to a "neutral" rating and decreased their target price for the stock from $16.00 to $10.00 in a research note on Wednesday, January 17th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the 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 Stock Performance

Shares of NASDAQ INSE traded down $0.26 during mid-day trading on Thursday, hitting $8.78. The stock had a trading volume of 140,214 shares, compared to its average volume of 118,067. Inspired Entertainment has a 1 year low of $6.12 and a 1 year high of $16.01. The business has a 50 day moving average price of $9.47 and a two-hundred day moving average price of $9.40. The firm has a market cap of $233.20 million, a P/E ratio of 35.12 and a beta of 1.42.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Cannell Capital LLC increased its position in 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 during the period. Clear Harbor Asset Management LLC grew its position in shares of Inspired Entertainment by 4.6% in the 4th quarter. Clear Harbor Asset Management LLC now owns 34,125 shares of the company's stock worth $337,000 after buying an additional 1,500 shares during the period. Foundry Partners LLC grew its position in shares of Inspired Entertainment by 22.7% in the 3rd quarter. Foundry Partners LLC now owns 345,855 shares of the company's stock worth $4,136,000 after buying an additional 63,895 shares during the period. Hudson Bay Capital Management LP grew its position in shares of Inspired Entertainment by 5.0% in the 3rd quarter. Hudson Bay Capital Management LP now owns 157,469 shares of the company's stock worth $1,883,000 after buying an additional 7,469 shares during the period. Finally, Gamco Investors INC. ET AL grew its position in shares of Inspired Entertainment by 58.7% in the 3rd quarter. Gamco Investors INC. ET AL now owns 64,900 shares of the company's stock worth $776,000 after buying an additional 24,000 shares during the period. 77.38% of the stock is 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.