Inspired Entertainment, Inc. (NASDAQ:INSE) Given Consensus Rating of “Buy” by Brokerages

Shares of Inspired Entertainment, Inc. (NASDAQ:INSE) have been given an average recommendation of “Buy” by the six ratings firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $13.17.

INSE has been the topic of a number of research analyst reports. Truist Financial reduced their target price on Inspired Entertainment from $13.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. Piper Sandler decreased their price objective on shares of Inspired Entertainment from $13.00 to $11.00 and set a “buy” rating on the stock in a report on Wednesday, April 23rd. B. Riley assumed coverage on shares of Inspired Entertainment in a report on Tuesday, April 8th. They issued a “buy” rating and a $13.00 target price for the company. New Street Research set a $21.00 target price on Inspired Entertainment in a research report on Friday, March 14th. Finally, JMP Securities lowered their price target on Inspired Entertainment from $14.00 to $13.00 and set a “market outperform” rating for the company in a research report on Thursday, April 17th.

Hedge Funds Weigh In On Inspired Entertainment

Institutional investors have recently modified their holdings of the business. Kanen Wealth Management LLC boosted its stake in shares of Inspired Entertainment by 50.9% in the 1st quarter. Kanen Wealth Management LLC now owns 2,006,017 shares of the company’s stock valued at $18,929,000 after buying an additional 676,988 shares during the period. Brown Advisory Inc. raised its holdings in Inspired Entertainment by 173.6% in the first quarter. Brown Advisory Inc. now owns 470,798 shares of the company’s stock valued at $4,021,000 after acquiring an additional 298,726 shares in the last quarter. Primoris Wealth Advisors LLC purchased a new position in Inspired Entertainment in the fourth quarter worth approximately $986,000. Renaissance Technologies LLC grew its holdings in Inspired Entertainment by 193.2% during the 4th quarter. Renaissance Technologies LLC now owns 95,000 shares of the company’s stock worth $860,000 after acquiring an additional 62,600 shares in the last quarter. Finally, Foundry Partners LLC increased its position in shares of 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 purchasing an additional 54,395 shares during the last quarter. Institutional investors and hedge funds own 77.38% of the company’s stock.

Inspired Entertainment Trading Down 1.3 %

Shares of INSE opened at $7.31 on Friday. Inspired Entertainment has a 12-month low of $6.51 and a 12-month high of $11.61. The firm has a market capitalization of $196.68 million, a P/E ratio of -730.27 and a beta of 1.27. The firm has a 50-day moving average price of $8.35 and a 200 day moving average price of $9.19.

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 the consensus estimate of $0.29 by ($0.13). Inspired Entertainment had a negative net margin of 0.10% and a negative return on equity of 6.35%. The firm had revenue of $83.00 million during the quarter, compared to analysts’ expectations of $79.19 million. Equities research analysts predict that Inspired Entertainment will post 0.3 earnings per share for the current fiscal year.

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.