Q3 2024 Earnings Forecast for Inspired Entertainment, Inc. Issued By B. Riley (NASDAQ:INSE)

Inspired Entertainment, Inc. (NASDAQ:INSE - Free Report) - Equities research analysts at B. Riley reduced their Q3 2024 earnings estimates for shares of Inspired Entertainment in a research report issued on Sunday, May 12th. B. Riley analyst D. Bain now forecasts that the company will earn $0.27 per share for the quarter, down from their prior forecast of $0.31. B. Riley currently 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 $0.76 per share. B. Riley also issued estimates for Inspired Entertainment's FY2024 earnings at $0.68 EPS.

Inspired Entertainment (NASDAQ:INSE - Get Free Report) last released its 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 0.56% and a negative return on equity of 9.10%.

INSE has been the topic of several other reports. Macquarie lowered shares of Inspired Entertainment from an "outperform" rating to a "neutral" rating and decreased their price target for the company from $16.00 to $10.00 in a report on Wednesday, January 17th. JMP Securities dropped their price target on Inspired Entertainment from $15.00 to $14.00 and set a "market outperform" rating for the company in a research note on Monday.

Inspired Entertainment Price Performance

NASDAQ:INSE traded up $0.02 during mid-day trading on Wednesday, reaching $8.76. The stock had a trading volume of 79,594 shares, compared to its average volume of 121,412. Inspired Entertainment has a 12 month low of $6.12 and a 12 month high of $16.01. The stock has a market capitalization of $232.75 million, a PE ratio of 146.02 and a beta of 1.43. The stock has a 50-day simple moving average of $9.19 and a two-hundred day simple moving average of $9.10.

Hedge Funds Weigh In On Inspired Entertainment

Several large investors have recently modified their holdings of the business. Private Management Group Inc. bought a new position in Inspired Entertainment during the 4th quarter worth $1,772,000. Cannell Capital LLC lifted its stake in shares of Inspired Entertainment by 28.8% in the third quarter. Cannell Capital LLC now owns 1,409,672 shares of the company's stock worth $16,860,000 after acquiring an additional 315,530 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Inspired Entertainment by 2.9% in the fourth 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 last quarter. Clear Harbor Asset Management LLC raised its holdings in Inspired Entertainment by 4.6% during the 4th quarter. Clear Harbor Asset Management LLC now owns 34,125 shares of the company's stock worth $337,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Foundry Partners LLC raised its holdings in Inspired Entertainment by 22.7% during the 3rd quarter. Foundry Partners LLC now owns 345,855 shares of the company's stock worth $4,136,000 after purchasing an additional 63,895 shares during the last quarter. Institutional investors own 77.38% of the company's stock.

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.