Inspired Entertainment, Inc. (INSE) Announces Quarterly Earnings Results, Misses Expectations By $0.27 EPS

Inspired Entertainment, Inc. (NASDAQ:INSE) issued its quarterly earnings results on Monday, August 7th. The company reported ($0.41) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.14) by $0.27, Morningstar.com reports. The company had revenue of $32.31 million for the quarter.

Shares of Inspired Entertainment (INSE) traded down 0.98% during trading on Friday, hitting $10.15. 8,175 shares of the company were exchanged. The company has a 50 day moving average of $11.39 and a 200-day moving average of $10.63. The stock’s market capitalization is $227.26 million. Inspired Entertainment has a 1-year low of $7.27 and a 1-year high of $13.75.

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Inspired Entertainment by 25.7% in the second quarter. Vanguard Group Inc. now owns 231,476 shares of the company’s stock valued at $3,010,000 after buying an additional 47,276 shares during the last quarter. State Street Corp acquired a new stake in Inspired Entertainment during the second quarter valued at approximately $404,000. Northern Trust Corp acquired a new stake in Inspired Entertainment during the second quarter valued at approximately $311,000. Finally, Citigroup Inc. acquired a new stake in Inspired Entertainment during the second quarter valued at approximately $118,000. Institutional investors own 31.64% of the company’s stock.

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About Inspired Entertainment

Inspired Entertainment, Inc, formerly Hydra Industries Acquisition Corp., is a global games technology company. The Company is engaged in developing and operating digital games and networks. The Company is engaged in supplying Virtual Sports, Mobile Gaming and Server-Based Gaming (SBG) systems with associated terminals and digital content to regulated betting, gaming and lottery operators around the world.

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