B. Riley Issues Pessimistic Forecast for INSE Earnings

Inspired Entertainment, Inc. (NASDAQ:INSE) – Research analysts at B. Riley cut their FY2024 EPS estimates for shares of Inspired Entertainment in a note issued to investors on Monday, November 11th. B. Riley analyst D. Bain now anticipates that the company will earn $0.20 per share for the year, down from their previous forecast of $0.68. The consensus estimate for Inspired Entertainment’s current full-year earnings is $0.27 per share. B. Riley also issued estimates for Inspired Entertainment’s Q1 2025 earnings at $0.02 EPS, Q3 2025 earnings at $0.34 EPS and Q4 2025 earnings at $0.18 EPS.

A number of other brokerages also recently issued reports on INSE. Craig Hallum upgraded Inspired Entertainment to a “strong-buy” rating in a report on Thursday, October 17th. Macquarie reduced their target price on Inspired Entertainment from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th.

Inspired Entertainment Trading Down 1.4 %

Shares of NASDAQ:INSE opened at $10.09 on Thursday. The company has a 50-day moving average price of $9.48 and a 200-day moving average price of $9.08. The company has a market cap of $268.19 million, a price-to-earnings ratio of -1,007.99 and a beta of 1.40. Inspired Entertainment has a 12 month low of $7.36 and a 12 month high of $11.00.

Hedge Funds Weigh In On Inspired Entertainment

A number of institutional investors have recently bought and sold shares of the stock. Private Management Group Inc. boosted its position in Inspired Entertainment by 35.5% during the 3rd quarter. Private Management Group Inc. now owns 1,633,593 shares of the company’s stock valued at $15,143,000 after acquiring an additional 428,312 shares in the last quarter. Foundry Partners LLC boosted its position in shares of Inspired Entertainment by 12.8% during the third quarter. Foundry Partners LLC now owns 529,380 shares of the company’s stock valued at $4,907,000 after purchasing an additional 59,915 shares in the last quarter. State Street Corp boosted its position in shares of Inspired Entertainment by 0.7% during the third quarter. State Street Corp now owns 405,625 shares of the company’s stock valued at $3,760,000 after purchasing an additional 2,675 shares in the last quarter. Teton Advisors Inc. grew its stake in Inspired Entertainment by 0.8% in the first quarter. Teton Advisors Inc. now owns 247,221 shares of the company’s stock worth $2,438,000 after purchasing an additional 2,000 shares during the period. Finally, Gamco Investors INC. ET AL raised its holdings in Inspired Entertainment by 51.4% in the first quarter. Gamco Investors INC. ET AL now owns 199,700 shares of the company’s stock worth $1,969,000 after purchasing an additional 67,800 shares in the last quarter. 77.38% of the stock is owned by institutional investors.

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.