Inspired Entertainment, Inc. (NASDAQ:INSE – Get Rating) – Analysts at B. Riley boosted their FY2023 EPS estimates for shares of Inspired Entertainment in a research report issued on Wednesday, November 9th. B. Riley analyst D. Bain now forecasts that the company will earn $1.24 per share for the year, up from their prior estimate of $1.22. The consensus estimate for Inspired Entertainment’s current full-year earnings is $0.82 per share.
A number of other equities analysts have also commented on the stock. TheStreet raised shares of Inspired Entertainment from a “d+” rating to a “c-” rating in a report on Thursday, August 11th. Truist Financial decreased their price target on shares of Inspired Entertainment from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday, July 20th.
Inspired Entertainment Price Performance
Inspired Entertainment (NASDAQ:INSE – Get Rating) last issued its quarterly earnings results on Wednesday, November 9th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. The firm had revenue of $74.90 million for the quarter, compared to analyst estimates of $72.27 million. Inspired Entertainment had a net margin of 6.57% and a negative return on equity of 26.38%.
Institutional Investors Weigh In On Inspired Entertainment
A number of institutional investors have recently made changes to their positions in INSE. Gabelli Funds LLC boosted its position in Inspired Entertainment by 1.3% during the 1st quarter. Gabelli Funds LLC now owns 80,500 shares of the company’s stock valued at $990,000 after buying an additional 1,000 shares during the period. KB Financial Partners LLC boosted its position in Inspired Entertainment by 9.0% during the 1st quarter. KB Financial Partners LLC now owns 19,441 shares of the company’s stock valued at $239,000 after buying an additional 1,609 shares during the period. Potomac Capital Management Inc. boosted its position in Inspired Entertainment by 0.4% during the 2nd quarter. Potomac Capital Management Inc. now owns 530,950 shares of the company’s stock valued at $4,571,000 after buying an additional 1,900 shares during the period. Eidelman Virant Capital boosted its position in Inspired Entertainment by 2.5% during the 2nd quarter. Eidelman Virant Capital now owns 82,000 shares of the company’s stock valued at $688,000 after buying an additional 2,000 shares during the period. Finally, Royal Bank of Canada boosted its position in Inspired Entertainment by 208.0% during the 1st 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 period. Hedge funds and other institutional investors own 85.38% of the company’s stock.
About Inspired Entertainment
Inspired Entertainment, Inc, a business-to-business gaming technology company, supplies content, platform, and other products and services to regulated lottery, betting, and gaming operators worldwide. The company operates through 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.
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