Q2 2024 EPS Estimates for Inspired Entertainment, Inc. (NASDAQ:INSE) Reduced by Analyst

Inspired Entertainment, Inc. (NASDAQ:INSE) – Equities research analysts at B. Riley decreased their Q2 2024 earnings per share estimates for Inspired Entertainment in a note issued to investors on Tuesday, April 16th. B. Riley analyst D. Bain now expects that the company will post earnings per share of $0.21 for the quarter, down from their previous estimate of $0.23. B. Riley has a “Buy” rating and a $21.00 price target on the stock. The consensus estimate for Inspired Entertainment’s current full-year earnings is $0.73 per share. B. Riley also issued estimates for Inspired Entertainment’s Q3 2024 earnings at $0.31 EPS, Q4 2024 earnings at $0.26 EPS and FY2024 earnings at $0.74 EPS.

A number of other research analysts also recently issued reports on the company. Macquarie downgraded Inspired Entertainment from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $16.00 to $10.00 in a 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 note on Tuesday. One 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 has an average rating of “Moderate Buy” and a consensus price target of $16.25.

Inspired Entertainment Stock Down 1.7 %

Shares of INSE traded down $0.16 during trading hours on Wednesday, hitting $9.04. The company had a trading volume of 124,559 shares, compared to its average volume of 117,768. Inspired Entertainment has a 52-week low of $6.12 and a 52-week high of $16.01. The firm has a market cap of $237.03 million, a P/E ratio of 36.80 and a beta of 1.42. The stock’s 50 day moving average price is $9.48 and its 200 day moving average price is $9.41.

Inspired Entertainment (NASDAQ:INSE) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.12 EPS for the quarter. The firm had revenue of $97.50 million for the quarter. Inspired Entertainment had a negative return on equity of 16.61% and a net margin of 3.22%.

Institutional Investors Weigh In On Inspired Entertainment

Several institutional investors and hedge funds have recently made changes to their positions in the stock. UBS Group AG purchased a new position in shares of Inspired Entertainment during the third quarter worth $40,000. Royal Bank of Canada raised its holdings in shares of Inspired Entertainment by 208.0% during the first quarter. Royal Bank of Canada now owns 3,588 shares of the company’s stock worth $44,000 after purchasing an additional 2,423 shares during the last quarter. Barclays PLC raised its holdings in shares of Inspired Entertainment by 525.4% during the fourth quarter. Barclays PLC now owns 5,722 shares of the company’s stock worth $73,000 after purchasing an additional 4,807 shares during the last quarter. American International Group Inc. purchased a new position in shares of Inspired Entertainment during the second quarter worth $89,000. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of Inspired Entertainment by 575.9% during the second quarter. BNP Paribas Arbitrage SA now owns 10,821 shares of the company’s stock worth $93,000 after purchasing an additional 9,220 shares during the last quarter. 77.38% of the stock is currently owned by institutional investors and hedge funds.

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.