Inspired Entertainment (NASDAQ:INSE) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Inspired Entertainment (NASDAQ:INSE) posted its earnings results on Wednesday. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.02), Zacks reports. The business had revenue of $86.20 million during the quarter, compared to analysts’ expectations of $83.47 million. Inspired Entertainment had a negative return on equity of 281.67% and a net margin of 21.05%.

Inspired Entertainment Trading Down 5.3%

Shares of INSE traded down $0.45 during mid-day trading on Thursday, reaching $8.11. The company’s stock had a trading volume of 95,723 shares, compared to its average volume of 138,115. The stock has a market cap of $218.33 million, a PE ratio of 3.72 and a beta of 1.70. Inspired Entertainment has a 52 week low of $6.51 and a 52 week high of $11.61. The company’s fifty day moving average price is $8.78 and its two-hundred day moving average price is $8.44.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in INSE. Kanen Wealth Management LLC increased its stake in shares of Inspired Entertainment by 50.9% in the first quarter. Kanen Wealth Management LLC now owns 2,006,017 shares of the company’s stock worth $18,929,000 after buying an additional 676,988 shares during the period. Marshall Wace LLP increased its stake in shares of Inspired Entertainment by 233.7% in the second quarter. Marshall Wace LLP now owns 208,062 shares of the company’s stock worth $1,700,000 after buying an additional 145,720 shares during the period. Geode Capital Management LLC increased its position in Inspired Entertainment by 8.9% during the 2nd quarter. Geode Capital Management LLC now owns 565,185 shares of the company’s stock valued at $4,619,000 after purchasing an additional 46,328 shares during the period. Man Group plc purchased a new position in Inspired Entertainment during the 2nd quarter valued at $174,000. Finally, Russell Investments Group Ltd. increased its position in Inspired Entertainment by 13.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 179,534 shares of the company’s stock valued at $1,467,000 after purchasing an additional 20,606 shares during the period. 77.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

INSE has been the subject of several recent analyst reports. Wall Street Zen cut shares of Inspired Entertainment from a “buy” rating to a “hold” rating in a research note on Friday, July 18th. Weiss Ratings cut shares of Inspired Entertainment from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Saturday, October 25th. Zacks Research raised shares of Inspired Entertainment from a “strong sell” rating to a “hold” rating in a research note on Friday, September 5th. Macquarie reaffirmed a “neutral” rating and set a $10.00 price objective on shares of Inspired Entertainment in a research note on Thursday, August 7th. Finally, BWS Financial reaffirmed a “buy” rating and set a $20.00 price objective on shares of Inspired Entertainment in a research note on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.00.

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.