Inspired Entertainment (NASDAQ:INSE) Releases Quarterly Earnings Results

Inspired Entertainment (NASDAQ:INSE) announced its quarterly earnings data on Tuesday. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.43), FiscalAI reports. The company had revenue of $77.20 million for the quarter, compared to analyst estimates of $76.08 million. Inspired Entertainment had a net margin of 18.78% and a negative return on equity of 1,176.67%.

Inspired Entertainment Trading Up 4.9%

Shares of NASDAQ INSE opened at $8.34 on Tuesday. Inspired Entertainment has a one year low of $6.51 and a one year high of $10.29. The firm has a market capitalization of $224.60 million, a PE ratio of 4.19 and a beta of 1.23. The business has a 50-day moving average price of $8.79 and a two-hundred day moving average price of $8.71.

Analyst Ratings Changes

A number of research firms have recently issued reports on INSE. BWS Financial restated a “buy” rating and set a $20.00 price target on shares of Inspired Entertainment in a report on Monday, November 17th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Inspired Entertainment in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Inspired Entertainment currently has an average rating of “Moderate Buy” and a consensus target price of $14.00.

Hedge Funds Weigh In On Inspired Entertainment

A number of large investors have recently made changes to their positions in the business. Kanen Wealth Management LLC boosted its holdings in shares of Inspired Entertainment by 50.9% during the first quarter. Kanen Wealth Management LLC now owns 2,006,017 shares of the company’s stock worth $18,929,000 after purchasing an additional 676,988 shares during the period. Jane Street Group LLC acquired a new position in Inspired Entertainment in the 1st quarter valued at approximately $123,000. Geode Capital Management LLC lifted its position in Inspired Entertainment by 8.9% in the 2nd quarter. Geode Capital Management LLC now owns 565,185 shares of the company’s stock worth $4,619,000 after buying an additional 46,328 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Inspired Entertainment by 11.8% during the 2nd quarter. Rhumbline Advisers now owns 35,915 shares of the company’s stock valued at $293,000 after acquiring an additional 3,794 shares in the last quarter. Finally, XTX Topco Ltd increased its stake in shares of Inspired Entertainment by 28.3% in the second quarter. XTX Topco Ltd now owns 24,722 shares of the company’s stock worth $202,000 after acquiring an additional 5,450 shares during the last quarter. Institutional investors and hedge funds own 77.38% of the company’s stock.

Inspired Entertainment Company Profile

Inspired Entertainment, Inc (NASDAQ: INSE) is a business-to-business provider of digital gaming content and technology solutions for the global gaming industry. The company’s offerings include server-based gaming modules, virtual sports simulations, digital interactive content and mobile sports betting platforms. Inspired designs proprietary games and software that integrate with lotteries, casino operators, retail betting shops and online platforms, emphasizing reliable performance, rapid deployment and engaging player experiences.

At the core of Inspired’s product suite is its Virtual Sports catalog, which simulates sporting events using advanced algorithms and randomized outcomes.