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Inspired Entertainment, Inc. (NASDAQ: INSE – get rating) – B. Riley cut its fiscal 2023 earnings forecast for Inspired Entertainment in a report to investors on Monday, December 5th. B. Riley analyst D. Bain now expects the company to earn $1.11 a share this year, down from their previous estimate of $1.24. B. Riley currently has a Buy rating on the stock with a $27.00 price target. The current consensus estimate for Inspired Entertainment’s full-year earnings is $0.89 per share. B. Riley also released estimates for Inspired Entertainment’s EPS of $0.24 in the first quarter of 2024, $0.43 in the second quarter of 2024 and $0.53 in the third quarter of 2024.
Inspiration Entertainment (NASDAQ: INSE – get rating) last released quarterly earnings results on Wednesday, November 9th. The company reported EPS of $0.35 for the quarter, beating the consensus estimate of $0.31 by $0.04. Inspired Entertainment had a negative return on equity of 28.23% and a net margin of 6.57%. The company’s revenue for the quarter was $74.9 million, compared with the consensus estimate of $72.27 million.
Several other brokerages have also recently weighed on INSE. TheStreet raised Inspired Entertainment from a “d+” rating to a “c-” rating in a report on Thursday, August 11th. JMP Securities began coverage on Inspired Entertainment in a report on Tuesday, November 15th. They issued an “outperform” rating and an $18.00 price target for the company. Four equity research analysts have Buy ratings on the stock, and Inspired Entertainment has an average Buy rating and a consensus price target of $20.33, according to MarketBeat.com.
Inspired Entertainment Value for money
shares Nasdaq Stock Exchange It opened at $12.43 on Wednesday. The stock has a 50-day moving average of $10.51 and a 200-day moving average of $10.39. Inspired Entertainment had a 1-year low of $7.49 and a 1-year high of $15.72. The company has a market cap of $321.56 million, a price-to-earnings ratio of 20.38, and a beta of 1.63.
Institutional inflows and outflows
Hedge funds have recently changed their positions in the company. GSA Capital Partners LLP bought a new position in Inspired Entertainment stock worth $311,000 during the first quarter. Bank of Montreal Can bought a new position in Inspired Entertainment stock worth $1,653,000 during the second quarter. Cooper Creek Partners Management LLC bought a new position in Inspired Entertainment stock worth $2,518,000 during the first quarter. Simon Quick Advisors LLC purchased a new stake in Inspired Entertainment during the second quarter, valued at approximately $273,000. Finally, Eidelman Virant Capital increased its position in Inspired Entertainment by 2.5% during the second quarter. Eidelman Virant Capital now owns 82,000 shares of the company worth $688,000 after buying an additional 2,000 shares last quarter. Hedge funds and other institutional investors own 85.38% of the company.
About Inspired Entertainment
Inspired Entertainment, Inc is a B2B gaming technology company that provides content, platforms and other products and services to regulated lottery, gaming and gaming operators worldwide. The company operates through four segments: Gaming, Virtual Sports, Interactive and Leisure. The Gaming segment provides gaming terminals and software to gaming offices, casinos, arcades and high-street adult gaming centers; through its digital terminal portfolio of games under the names Centurion and Super Hot Fruits; and traditional casino games such as roulette, Eleven and numbers game.
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