Inspired Entertainment, Inc. (NASDAQ:INSE – Free Report) – Stock analysts at B. Riley decreased their FY2024 earnings estimates for Inspired Entertainment in a report released on Monday, November 11th. B. Riley analyst D. Bain now forecasts that the company will earn $0.20 per share for the year, down from their prior estimate of $0.68. The consensus estimate for Inspired Entertainment’s current full-year earnings is $0.50 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.
Several other research analysts have also recently weighed in on the company. Craig Hallum upgraded Inspired Entertainment to a “strong-buy” rating in a report on Thursday, October 17th. Macquarie reduced their price objective on Inspired Entertainment from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th.
Inspired Entertainment Stock Performance
Shares of INSE opened at $10.23 on Thursday. The stock has a 50 day moving average price of $9.41 and a 200 day moving average price of $9.06. Inspired Entertainment has a one year low of $7.36 and a one year high of $11.00. The stock has a market capitalization of $271.89 million, a price-to-earnings ratio of -1,023.00 and a beta of 1.40.
Institutional Trading of Inspired Entertainment
Several institutional investors have recently added to or reduced their stakes in INSE. Private Management Group Inc. boosted its stake in shares of Inspired Entertainment by 35.5% in the third quarter. Private Management Group Inc. now owns 1,633,593 shares of the company’s stock valued at $15,143,000 after purchasing an additional 428,312 shares during the period. Foundry Partners LLC lifted its holdings in Inspired Entertainment by 12.8% during the 3rd quarter. Foundry Partners LLC now owns 529,380 shares of the company’s stock worth $4,907,000 after buying an additional 59,915 shares in the last quarter. Teton Advisors Inc. boosted its position in Inspired Entertainment by 0.8% in the 1st quarter. Teton Advisors Inc. now owns 247,221 shares of the company’s stock valued at $2,438,000 after buying an additional 2,000 shares during the period. Gamco Investors INC. ET AL increased its position in shares of Inspired Entertainment by 51.4% during the first quarter. Gamco Investors INC. ET AL now owns 199,700 shares of the company’s stock worth $1,969,000 after acquiring an additional 67,800 shares during the period. Finally, Hood River Capital Management LLC raised its stake in shares of Inspired Entertainment by 79.0% in the first quarter. Hood River Capital Management LLC now owns 198,408 shares of the company’s stock valued at $1,956,000 after acquiring an additional 87,569 shares in the last quarter. Institutional investors and hedge funds own 77.38% of the company’s stock.
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.
Featured Articles
- Five stocks we like better than Inspired Entertainment
- Investing in Commodities: What Are They? How to Invest in Them
- 3 GARP Stocks Offering Strong Growth: Aptiv, Allstate, Barrick
- Dividend Screener: How to Evaluate Dividend Stocks Before Buying
- Mouse Rising: The Iger Investment Pays Off for Disney Investors
- Energy and Oil Stocks Explained
- Can CAVA Stock Be the Next Chipotle? Earnings Can Help
Receive News & Ratings for Inspired Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inspired Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.