Inspired Entertainment, Inc. (NASDAQ:INSE) to Post Q2 2024 Earnings of $0.21 Per Share, B. Riley Forecasts

Inspired Entertainment, Inc. (NASDAQ:INSE) – B. Riley cut their Q2 2024 earnings estimates for shares of Inspired Entertainment in a report released on Tuesday, April 16th. B. Riley analyst D. Bain now expects that the company will earn $0.21 per share for the quarter, down from their prior estimate of $0.23. 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 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 announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.12 earnings per share (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 during the quarter.

INSE has been the subject of a number of other research reports. Macquarie cut shares of Inspired Entertainment from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $16.00 to $10.00 in a research note on Wednesday, January 17th. JMP Securities restated a “market outperform” rating and issued a $15.00 price objective on shares of Inspired Entertainment in a report on Tuesday. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $16.25.

Inspired Entertainment Stock Performance

Shares of Inspired Entertainment stock opened at $8.78 on Wednesday. Inspired Entertainment has a 52-week low of $6.12 and a 52-week high of $16.01. The stock has a market capitalization of $233.20 million, a price-to-earnings ratio of 35.12 and a beta of 1.42. The company has a fifty day moving average of $9.47 and a 200-day moving average of $9.40.

Institutional Trading of Inspired Entertainment

A number of institutional investors and hedge funds have recently bought and sold shares of the company. UBS Group AG purchased a new stake in shares of Inspired Entertainment during the 3rd quarter valued at about $40,000. Royal Bank of Canada raised its position in shares of Inspired Entertainment by 208.0% during the first quarter. Royal Bank of Canada now owns 3,588 shares of the company’s stock valued at $44,000 after buying an additional 2,423 shares during the last quarter. Barclays PLC raised its position in shares of Inspired Entertainment by 525.4% during the fourth quarter. Barclays PLC now owns 5,722 shares of the company’s stock valued at $73,000 after buying an additional 4,807 shares during the last quarter. American International Group Inc. bought a new stake in Inspired Entertainment in the second quarter worth $89,000. Finally, BNP Paribas Arbitrage SA increased its position in Inspired Entertainment by 575.9% in the second quarter. BNP Paribas Arbitrage SA now owns 10,821 shares of the company’s stock worth $93,000 after purchasing an additional 9,220 shares during the last quarter. 77.38% of the stock is currently owned by 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.