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

Shares of Inspired Entertainment, Inc. (NASDAQ:INSE) have been given a consensus rating of “Moderate Buy” by the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $14.00.

Several analysts recently weighed in on INSE shares. Zacks Research upgraded Inspired Entertainment from a “strong sell” rating to a “hold” rating in a report on Friday, September 5th. Weiss Ratings restated a “hold (c-)” rating on shares of Inspired Entertainment in a report on Wednesday, October 8th. Macquarie restated a “neutral” rating and issued a $10.00 price objective on shares of Inspired Entertainment in a report on Thursday, August 7th. Wall Street Zen downgraded Inspired Entertainment from a “buy” rating to a “hold” rating in a report on Friday, July 18th. Finally, BWS Financial reiterated a “buy” rating and issued a $20.00 target price on shares of Inspired Entertainment in a research note on Monday, August 11th.

Hedge Funds Weigh In On Inspired Entertainment

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. National Bank of Canada FI purchased a new position in Inspired Entertainment in the first quarter valued at about $31,000. MetLife Investment Management LLC grew its stake in Inspired Entertainment by 28.7% in the first quarter. MetLife Investment Management LLC now owns 12,341 shares of the company’s stock valued at $105,000 after purchasing an additional 2,751 shares during the last quarter. BNP Paribas Financial Markets grew its stake in Inspired Entertainment by 428.0% in the second quarter. BNP Paribas Financial Markets now owns 13,437 shares of the company’s stock valued at $110,000 after purchasing an additional 10,892 shares during the last quarter. Jane Street Group LLC purchased a new position in Inspired Entertainment in the first quarter valued at about $123,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Inspired Entertainment in the second quarter valued at about $164,000. Hedge funds and other institutional investors own 77.38% of the company’s stock.

Inspired Entertainment Trading Down 0.1%

NASDAQ:INSE opened at $7.98 on Friday. The stock has a fifty day simple moving average of $8.92 and a 200-day simple moving average of $8.40. The company has a market cap of $214.82 million, a price-to-earnings ratio of 3.66 and a beta of 1.58. Inspired Entertainment has a twelve month low of $6.51 and a twelve month high of $11.61.

Inspired Entertainment (NASDAQ:INSE) last released its quarterly earnings data on Tuesday, November 29th. The company reported $0.30 earnings per share for the quarter. The firm had revenue of $77.60 million during the quarter. Inspired Entertainment had a negative return on equity of 281.67% and a net margin of 21.05%. As a group, equities research analysts predict that Inspired Entertainment will post 0.3 EPS for the current fiscal year.

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.