Inspired Entertainment (NASDAQ:INSE) Posts Earnings Results, Misses Estimates By $0.20 EPS

Inspired Entertainment (NASDAQ:INSE) issued its quarterly earnings data on Monday. The company reported ($0.42) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.22) by ($0.20), Morningstar.com reports. The firm had revenue of $26.70 million during the quarter, compared to analyst estimates of $30.11 million.

Shares of NASDAQ INSE traded up $0.39 during mid-day trading on Tuesday, reaching $7.99. 3 shares of the company traded hands, compared to its average volume of 13,823. The stock has a market cap of $151.97 million, a PE ratio of -12.06 and a beta of 1.26. The company’s fifty day moving average is $8.18. Inspired Entertainment has a fifty-two week low of $3.86 and a fifty-two week high of $9.70.

Separately, Zacks Investment Research raised Inspired Entertainment from a “sell” rating to a “hold” rating in a report on Wednesday, July 17th.

A number of large investors have recently made changes to their positions in the stock. Gabelli Funds LLC boosted its stake in Inspired Entertainment by 3.7% during the 2nd quarter. Gabelli Funds LLC now owns 102,410 shares of the company’s stock valued at $864,000 after purchasing an additional 3,700 shares during the period. Penn Capital Management Co. Inc. boosted its stake in Inspired Entertainment by 4.7% during the 1st quarter. Penn Capital Management Co. Inc. now owns 114,684 shares of the company’s stock valued at $764,000 after purchasing an additional 5,124 shares during the period. Northern Trust Corp boosted its stake in Inspired Entertainment by 44.7% during the 2nd quarter. Northern Trust Corp now owns 24,091 shares of the company’s stock valued at $203,000 after purchasing an additional 7,447 shares during the period. Renaissance Technologies LLC boosted its stake in Inspired Entertainment by 15.7% during the 2nd quarter. Renaissance Technologies LLC now owns 97,270 shares of the company’s stock valued at $821,000 after purchasing an additional 13,170 shares during the period. Finally, Wells Fargo & Company MN bought a new stake in Inspired Entertainment during the 2nd quarter valued at approximately $132,000. Hedge funds and other institutional investors own 74.81% of the company’s stock.

About Inspired Entertainment

Inspired Entertainment, Inc, a business-to-business gaming technology company, supplies virtual sports and server based gaming worldwide. It designs, develops, markets, and distributes a portfolio of games through its digital network architecture to betting offices, casinos, gaming hall and bingo operators, and regulated operators of lotteries, as well as government affiliated and licensed operators.

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Earnings History for Inspired Entertainment (NASDAQ:INSE)

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