Inspired Entertainment (NASDAQ:INSE) Rating Reiterated by JMP Securities

Inspired Entertainment (NASDAQ:INSE)‘s stock had its “market outperform” rating reaffirmed by analysts at JMP Securities in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $15.00 target price on the stock. JMP Securities’ price objective suggests a potential upside of 65.93% from the company’s previous close.

Several other brokerages also recently issued reports on INSE. Macquarie downgraded Inspired Entertainment from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $16.00 to $10.00 in a research report on Wednesday, January 17th. B. Riley began coverage on Inspired Entertainment in a report on Friday, April 5th. They issued a “buy” rating and a $21.00 target price on the stock. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $16.25.

Inspired Entertainment Stock Down 1.7 %

Shares of INSE stock opened at $9.04 on Tuesday. Inspired Entertainment has a 12 month low of $6.12 and a 12 month high of $16.01. The company has a market cap of $237.03 million, a PE ratio of 36.16 and a beta of 1.42. The business’s 50 day moving average is $9.48 and its two-hundred day moving average is $9.41.

Inspired Entertainment (NASDAQ:INSE) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.12 earnings per share (EPS) for the quarter. The business had revenue of $97.50 million during the quarter. Inspired Entertainment had a net margin of 3.22% and a negative return on equity of 16.61%. As a group, equities analysts expect that Inspired Entertainment will post 0.73 EPS for the current fiscal year.

Hedge Funds Weigh In On Inspired Entertainment

Several institutional investors and hedge funds have recently added to or reduced their stakes in INSE. Cannell Capital LLC increased its holdings in Inspired Entertainment by 11.0% in the 4th quarter. Cannell Capital LLC now owns 1,564,923 shares of the company’s stock valued at $15,461,000 after buying an additional 155,251 shares during the period. BlackRock Inc. increased its stake in Inspired Entertainment by 2.9% in the second quarter. BlackRock Inc. now owns 1,457,562 shares of the company’s stock valued at $21,441,000 after acquiring an additional 41,574 shares during the period. Vanguard Group Inc. increased its stake in Inspired Entertainment by 9.2% in the fourth quarter. Vanguard Group Inc. now owns 662,531 shares of the company’s stock valued at $6,546,000 after acquiring an additional 55,950 shares during the period. Portolan Capital Management LLC raised its position in Inspired Entertainment by 104.1% in the first quarter. Portolan Capital Management LLC now owns 489,720 shares of the company’s stock worth $6,024,000 after purchasing an additional 249,794 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Inspired Entertainment by 4.0% during the second quarter. Geode Capital Management LLC now owns 459,356 shares of the company’s stock worth $6,757,000 after purchasing an additional 17,497 shares during the period. 77.38% of the stock is currently owned by institutional investors.

Inspired Entertainment Company Profile

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.