B. Riley Begins Coverage on Inspired Entertainment (NASDAQ:INSE)

Research analysts at B. Riley initiated coverage on shares of Inspired Entertainment (NASDAQ:INSE) in a note issued to investors on Tuesday. The firm set a “buy” rating and a $13.00 price target on the stock. B. Riley’s price objective indicates a potential upside of 68.83% from the company’s current price. B. Riley also issued estimates for Inspired Entertainment’s Q1 2025 earnings at ($0.19) EPS, Q2 2025 earnings at $0.07 EPS, Q3 2025 earnings at $0.33 EPS, Q4 2025 earnings at $0.24 EPS, FY2025 earnings at $0.45 EPS and FY2026 earnings at $0.67 EPS.

Other equities analysts have also issued reports about the company. New Street Research set a $21.00 price objective on Inspired Entertainment in a report on Friday, March 14th. JMP Securities reaffirmed a “market outperform” rating and set a $14.00 price target on shares of Inspired Entertainment in a research note on Friday, March 14th. Finally, Truist Financial set a $19.00 price target on Inspired Entertainment in a research note on Friday, March 14th.

Inspired Entertainment Trading Up 15.1 %

Shares of INSE opened at $7.70 on Tuesday. The company has a market capitalization of $207.17 million, a PE ratio of -769.23 and a beta of 1.27. The stock’s 50-day moving average price is $9.40 and its two-hundred day moving average price is $9.40. Inspired Entertainment has a 12 month low of $6.51 and a 12 month high of $11.61.

Inspired Entertainment (NASDAQ:INSE) last posted its quarterly earnings results on Monday, March 17th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.13). The firm had revenue of $83.00 million for the quarter, compared to analyst estimates of $79.19 million. Inspired Entertainment had a negative return on equity of 6.35% and a negative net margin of 0.10%. Equities research analysts predict that Inspired Entertainment will post 0.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Primoris Wealth Advisors LLC purchased a new position in shares of Inspired Entertainment during the 4th quarter worth approximately $986,000. Renaissance Technologies LLC lifted its position in Inspired Entertainment by 193.2% in the 4th quarter. Renaissance Technologies LLC now owns 95,000 shares of the company’s stock valued at $860,000 after acquiring an additional 62,600 shares in the last quarter. Foundry Partners LLC lifted its position in Inspired Entertainment by 10.3% in the 4th quarter. Foundry Partners LLC now owns 583,775 shares of the company’s stock valued at $5,283,000 after acquiring an additional 54,395 shares in the last quarter. Ancora Advisors LLC lifted its position in Inspired Entertainment by 98.2% in the 4th quarter. Ancora Advisors LLC now owns 89,660 shares of the company’s stock valued at $811,000 after acquiring an additional 44,430 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in Inspired Entertainment during the 4th quarter valued at $380,000. Hedge funds and other institutional investors 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.