Inspired Entertainment, Inc. Forecasted to Earn Q1 2024 Earnings of ($0.03) Per Share (NASDAQ:INSE)

Inspired Entertainment, Inc. (NASDAQ:INSE) – Stock analysts at B. Riley lowered their Q1 2024 earnings per share estimates for Inspired Entertainment in a research note issued to investors on Tuesday, April 16th. B. Riley analyst D. Bain now expects that the company will earn ($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.

Inspired Entertainment (NASDAQ:INSE) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $0.12 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 during the quarter.

Several other research analysts have also commented on the company. Macquarie lowered Inspired Entertainment from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $16.00 to $10.00 in a research report on Wednesday, January 17th. JMP Securities reiterated a “market outperform” rating and set a $15.00 target price on shares of Inspired Entertainment in a research report on Tuesday. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.25.

Inspired Entertainment Stock Performance

NASDAQ:INSE opened at $8.78 on Thursday. Inspired Entertainment has a one year low of $6.12 and a one year high of $16.01. The stock has a market cap of $233.20 million, a PE ratio of 35.12 and a beta of 1.42. The stock has a 50 day moving average price of $9.47 and a 200 day moving average price of $9.40.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of INSE. UBS Group AG acquired a new stake in Inspired Entertainment in the 3rd quarter valued at $40,000. Royal Bank of Canada increased its holdings in Inspired Entertainment by 208.0% in the 1st quarter. Royal Bank of Canada now owns 3,588 shares of the company’s stock valued at $44,000 after purchasing an additional 2,423 shares in the last quarter. Barclays PLC increased its holdings in Inspired Entertainment by 525.4% in the 4th quarter. Barclays PLC now owns 5,722 shares of the company’s stock valued at $73,000 after purchasing an additional 4,807 shares in the last quarter. American International Group Inc. acquired a new stake in Inspired Entertainment in the 2nd quarter valued at $89,000. Finally, BNP Paribas Arbitrage SA increased its holdings in Inspired Entertainment by 575.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,821 shares of the company’s stock valued at $93,000 after purchasing an additional 9,220 shares in the last quarter. 77.38% of the stock is currently owned by institutional investors and hedge funds.

Inspired Entertainment Company Profile

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.