Q1 2024 EPS Estimates for Inspired Entertainment, Inc. Cut by Analyst (NASDAQ:INSE)

Inspired Entertainment, Inc. (NASDAQ:INSE) – Stock analysts at B. Riley cut their Q1 2024 earnings estimates for Inspired Entertainment in a research note issued to investors on Tuesday, April 16th. B. Riley analyst D. Bain now forecasts that the company will post earnings of ($0.03) per share for the quarter, down from their prior forecast 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.

Other equities analysts also recently issued reports about the stock. Macquarie downgraded shares of Inspired Entertainment from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $16.00 to $10.00 in a report on Wednesday, January 17th. JMP Securities reissued a “market outperform” rating and issued a $15.00 target price on shares of Inspired Entertainment in a report on Tuesday. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.25.

Inspired Entertainment Trading Down 2.9 %

Shares of INSE opened at $8.78 on Thursday. Inspired Entertainment has a 1-year low of $6.12 and a 1-year high of $16.01. The company has a market cap of $233.20 million, a price-to-earnings ratio of 35.12 and a beta of 1.42. The company’s fifty day simple moving average is $9.47 and its 200 day simple moving average is $9.40.

Inspired Entertainment (NASDAQ:INSE) last issued its earnings results on Tuesday, February 27th. The company reported $0.12 earnings per share for the quarter. The business 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%.

Institutional Trading of Inspired Entertainment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Gabelli Funds LLC increased its position in Inspired Entertainment by 1.1% during the 3rd quarter. Gabelli Funds LLC now owns 90,000 shares of the company’s stock valued at $1,076,000 after purchasing an additional 1,000 shares during the period. Nuveen Asset Management LLC increased its position in Inspired Entertainment by 1.4% during the 4th quarter. Nuveen Asset Management LLC now owns 75,306 shares of the company’s stock valued at $744,000 after purchasing an additional 1,039 shares during the period. Dimensional Fund Advisors LP increased its position in Inspired Entertainment by 0.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 193,267 shares of the company’s stock valued at $2,843,000 after purchasing an additional 1,092 shares during the period. State of Tennessee Treasury Department grew its position in shares of Inspired Entertainment by 14.2% during the 2nd quarter. State of Tennessee Treasury Department now owns 11,089 shares of the company’s stock worth $163,000 after buying an additional 1,383 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of Inspired Entertainment by 2.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,642 shares of the company’s stock worth $500,000 after buying an additional 1,433 shares during the period. Institutional investors and hedge funds own 77.38% of the company’s stock.

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.