Equities Analysts Set Expectations for INSE FY2024 Earnings

Inspired Entertainment, Inc. (NASDAQ:INSE) – Equities researchers at B. Riley reduced their FY2024 EPS estimates for shares of Inspired Entertainment in a research note issued on Monday, November 11th. B. Riley analyst D. Bain now forecasts that the company will post earnings of $0.20 per share for the year, down from their previous forecast of $0.68. The consensus estimate for Inspired Entertainment’s current full-year earnings is $0.50 per share. B. Riley also issued estimates for Inspired Entertainment’s Q1 2025 earnings at $0.02 EPS, Q3 2025 earnings at $0.34 EPS and Q4 2025 earnings at $0.18 EPS.

A number of other analysts also recently issued reports on the company. Macquarie decreased their price target on Inspired Entertainment from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Friday, August 9th. Craig Hallum upgraded shares of Inspired Entertainment to a “strong-buy” rating in a research note on Thursday, October 17th.

Inspired Entertainment Trading Down 0.9 %

Shares of INSE opened at $10.23 on Thursday. The firm’s fifty day simple moving average is $9.41 and its 200-day simple moving average is $9.06. The firm has a market capitalization of $271.89 million, a price-to-earnings ratio of -1,023.00 and a beta of 1.40. Inspired Entertainment has a twelve month low of $7.36 and a twelve month high of $11.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of INSE. Private Management Group Inc. lifted its holdings in Inspired Entertainment by 245.5% in the second quarter. Private Management Group Inc. now owns 1,205,281 shares of the company’s stock valued at $11,028,000 after acquiring an additional 856,386 shares during the period. Foundry Partners LLC boosted its holdings in Inspired Entertainment by 26.2% during the second quarter. Foundry Partners LLC now owns 469,465 shares of the company’s stock worth $4,296,000 after buying an additional 97,320 shares in the last quarter. Hood River Capital Management LLC grew its position in Inspired Entertainment by 79.0% during the first quarter. Hood River Capital Management LLC now owns 198,408 shares of the company’s stock worth $1,956,000 after buying an additional 87,569 shares during the period. Gamco Investors INC. ET AL increased its holdings in Inspired Entertainment by 51.4% in the first quarter. Gamco Investors INC. ET AL now owns 199,700 shares of the company’s stock valued at $1,969,000 after buying an additional 67,800 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Inspired Entertainment by 104.0% during the 2nd quarter. Renaissance Technologies LLC now owns 71,600 shares of the company’s stock valued at $655,000 after acquiring an additional 36,500 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.