B. Riley Comments on Inspired Entertainment, Inc.’s Q1 2024 Earnings (NASDAQ:INSE)

Inspired Entertainment, Inc. (NASDAQ:INSE) – B. Riley decreased their Q1 2024 earnings per share estimates for Inspired Entertainment in a report released on Tuesday, April 16th. B. Riley analyst D. Bain now anticipates that the company will post earnings per share of ($0.03) for the quarter, down from their prior estimate 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 $0.76 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 research analysts have also issued research reports about the company. JMP Securities restated a “market outperform” rating and set a $15.00 price objective on shares of Inspired Entertainment in a research note on Tuesday. Macquarie lowered Inspired Entertainment from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $16.00 to $10.00 in a research note 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $16.25.

Inspired Entertainment Stock Up 1.3 %

Shares of NASDAQ INSE opened at $8.89 on Thursday. Inspired Entertainment has a fifty-two week low of $6.12 and a fifty-two week high of $16.01. The business has a 50 day moving average price of $9.46 and a two-hundred day moving average price of $9.39. The firm has a market cap of $236.12 million, a PE ratio of 35.56 and a beta of 1.42.

Inspired Entertainment (NASDAQ:INSE) last posted 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 business had revenue of $97.50 million during the quarter.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in INSE. UBS Group AG acquired a new position in shares of Inspired Entertainment in the 3rd quarter worth approximately $40,000. Royal Bank of Canada grew its position in shares of Inspired Entertainment by 208.0% in the 1st quarter. Royal Bank of Canada now owns 3,588 shares of the company’s stock worth $44,000 after acquiring an additional 2,423 shares in the last quarter. Barclays PLC grew its position in shares of Inspired Entertainment by 525.4% in the 4th quarter. Barclays PLC now owns 5,722 shares of the company’s stock worth $73,000 after acquiring an additional 4,807 shares in the last quarter. American International Group Inc. acquired a new position in shares of Inspired Entertainment in the 2nd quarter worth approximately $89,000. Finally, BNP Paribas Arbitrage SA grew its position in shares of Inspired Entertainment by 575.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,821 shares of the company’s stock worth $93,000 after acquiring an additional 9,220 shares in the last quarter. 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.