Jacobs Levy Equity Management Inc. Makes New $380,000 Investment in Inspired Entertainment, Inc. (NASDAQ:INSE)

Jacobs Levy Equity Management Inc. acquired a new position in shares of Inspired Entertainment, Inc. (NASDAQ:INSE) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 41,980 shares of the company’s stock, valued at approximately $380,000. Jacobs Levy Equity Management Inc. owned 0.16% of Inspired Entertainment as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of INSE. Barclays PLC increased its holdings in Inspired Entertainment by 314.1% during the 3rd quarter. Barclays PLC now owns 31,321 shares of the company’s stock worth $291,000 after purchasing an additional 23,757 shares during the period. SG Americas Securities LLC purchased a new position in Inspired Entertainment during the 4th quarter worth $97,000. Clarus Group Inc. increased its holdings in Inspired Entertainment by 12.0% during the 4th quarter. Clarus Group Inc. now owns 14,019 shares of the company’s stock worth $127,000 after purchasing an additional 1,500 shares during the period. LPL Financial LLC bought a new stake in Inspired Entertainment during the 4th quarter valued at $136,000. Finally, JPMorgan Chase & Co. boosted its position in Inspired Entertainment by 203.1% during the 4th quarter. JPMorgan Chase & Co. now owns 29,742 shares of the company’s stock valued at $269,000 after acquiring an additional 19,928 shares in the last quarter. 77.38% of the stock is currently owned by hedge funds and other institutional investors.

Inspired Entertainment Price Performance

Inspired Entertainment stock opened at $8.28 on Friday. The stock has a market capitalization of $222.77 million, a price-to-earnings ratio of -827.17 and a beta of 1.66. Inspired Entertainment, Inc. has a 1-year low of $6.51 and a 1-year high of $11.61. The business has a fifty day moving average price of $7.94 and a 200-day moving average price of $9.10.

Inspired Entertainment (NASDAQ:INSE) last posted its quarterly earnings data 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 business had revenue of $83.00 million during 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%. On average, equities research analysts anticipate that Inspired Entertainment, Inc. will post 0.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

INSE has been the topic of several recent research reports. New Street Research set a $21.00 target price on Inspired Entertainment in a research report on Friday, March 14th. B. Riley initiated coverage on Inspired Entertainment in a research report on Tuesday, April 8th. They set a “buy” rating and a $13.00 target price on the stock. JMP Securities dropped their target price on Inspired Entertainment from $13.00 to $12.00 and set a “market outperform” rating on the stock in a research report on Friday, May 9th. Piper Sandler dropped 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. Finally, Truist Financial dropped 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. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Inspired Entertainment has a consensus rating of “Buy” and an average price target of $13.00.

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.