Equities Analysts Offer Predictions for Inspired Entertainment, Inc.’s Q2 2024 Earnings (NASDAQ:INSE)

Inspired Entertainment, Inc. (NASDAQ:INSE) – Analysts at B. Riley decreased their Q2 2024 earnings per share estimates for Inspired Entertainment in a research report issued on Tuesday, April 16th. B. Riley analyst D. Bain now expects that the company will post earnings of $0.21 per share for the quarter, down from their previous forecast 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 $0.73 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 issued its earnings results on Tuesday, February 27th. The company reported $0.12 earnings per share (EPS) for the quarter. Inspired Entertainment had a negative return on equity of 16.61% and a net margin of 3.22%. The firm had revenue of $97.50 million for the quarter.

A number of other analysts have also weighed in on the company. JMP Securities restated a “market outperform” rating and set a $15.00 target price on shares of Inspired Entertainment in a report on Tuesday. Macquarie downgraded Inspired Entertainment from an “outperform” rating to a “neutral” rating and cut their target price for the company from $16.00 to $10.00 in a research report on Wednesday, January 17th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Inspired Entertainment has an average rating of “Moderate Buy” and an average price target of $16.25.

Inspired Entertainment Trading Down 1.7 %

Shares of NASDAQ INSE traded down $0.16 during trading hours on Wednesday, reaching $9.04. The stock had a trading volume of 124,559 shares, compared to its average volume of 117,768. The firm has a market cap of $237.03 million, a price-to-earnings ratio of 36.80 and a beta of 1.42. The business’s fifty day moving average price is $9.48 and its two-hundred day moving average price is $9.41. Inspired Entertainment has a 52-week low of $6.12 and a 52-week high of $16.01.

Institutional Trading of Inspired Entertainment

A number of large investors have recently modified their holdings of INSE. Gabelli Funds LLC raised its holdings in Inspired Entertainment by 1.1% during the third quarter. Gabelli Funds LLC now owns 90,000 shares of the company’s stock worth $1,076,000 after purchasing an additional 1,000 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in shares of Inspired Entertainment by 1.4% in 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 last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Inspired Entertainment by 0.6% in 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 last quarter. State of Tennessee Treasury Department raised its stake in shares of Inspired Entertainment by 14.2% in the 2nd quarter. State of Tennessee Treasury Department now owns 11,089 shares of the company’s stock valued at $163,000 after acquiring an additional 1,383 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of 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. Hedge funds and other institutional investors 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.