Inspired Entertainment, Inc. (NASDAQ:INSE) Forecasted to Post Q2 2024 Earnings of $0.13 Per Share

Inspired Entertainment, Inc. (NASDAQ:INSE - Free Report) - Stock analysts at B. Riley lowered their Q2 2024 EPS estimates for shares of Inspired Entertainment in a report issued on Sunday, May 12th. B. Riley analyst D. Bain now forecasts that the company will post earnings per share of $0.13 for the quarter, down from their prior estimate of $0.21. 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 $0.76 per share. B. Riley also issued estimates for Inspired Entertainment's Q4 2024 earnings at $0.29 EPS, Q1 2025 earnings at $0.11 EPS, Q2 2025 earnings at $0.24 EPS, Q3 2025 earnings at $0.35 EPS, Q4 2025 earnings at $0.25 EPS and FY2025 earnings at $0.95 EPS.

Other equities analysts have also recently issued reports about the stock. JMP Securities lowered their price objective on shares of Inspired Entertainment from $15.00 to $14.00 and set a "market outperform" rating for the company in a research report on Monday. Macquarie cut shares of Inspired Entertainment from an "outperform" rating to a "neutral" rating and lowered their price objective for the stock from $16.00 to $10.00 in a research report on Wednesday, January 17th.

Inspired Entertainment Stock Down 1.0 %

Shares of NASDAQ:INSE traded down $0.09 during midday trading on Tuesday, hitting $8.74. The stock had a trading volume of 186,252 shares, compared to its average volume of 121,862. The company's 50-day moving average price is $9.19 and its 200-day moving average price is $9.10. The company has a market capitalization of $232.16 million, a P/E ratio of 145.67 and a beta of 1.43. Inspired Entertainment has a fifty-two week low of $6.12 and a fifty-two week high of $16.01.

Inspired Entertainment (NASDAQ:INSE - Get Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.12 earnings per share (EPS) for the quarter. The firm had revenue of $97.50 million during the quarter. Inspired Entertainment had a net margin of 0.56% and a negative return on equity of 9.22%.

Hedge Funds Weigh In On Inspired Entertainment

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Private Management Group Inc. acquired a new position in Inspired Entertainment in the 4th quarter valued at approximately $1,772,000. Cannell Capital LLC increased its position in Inspired Entertainment by 28.8% in the 3rd quarter. Cannell Capital LLC now owns 1,409,672 shares of the company's stock valued at $16,860,000 after acquiring an additional 315,530 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in Inspired Entertainment by 2.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,642 shares of the company's stock valued at $500,000 after acquiring an additional 1,433 shares during the period. Clear Harbor Asset Management LLC increased its position in Inspired Entertainment by 4.6% in the 4th quarter. Clear Harbor Asset Management LLC now owns 34,125 shares of the company's stock valued at $337,000 after acquiring an additional 1,500 shares during the period. Finally, Foundry Partners LLC increased its position in Inspired Entertainment by 22.7% in the 3rd quarter. Foundry Partners LLC now owns 345,855 shares of the company's stock valued at $4,136,000 after acquiring an additional 63,895 shares during the period. 77.38% of the stock is currently owned by institutional investors and hedge funds.

About Inspired Entertainment

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.