AdvisorShares Investments LLC Boosts Position in Inspired Entertainment, Inc. $INSE

AdvisorShares Investments LLC lifted its stake in shares of Inspired Entertainment, Inc. (NASDAQ:INSE) by 24.5% during the 2nd quarter, Holdings Channel reports. The fund owned 45,666 shares of the company’s stock after buying an additional 9,000 shares during the quarter. AdvisorShares Investments LLC’s holdings in Inspired Entertainment were worth $373,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. OneDigital Investment Advisors LLC raised its holdings in shares of Inspired Entertainment by 3.5% during the 1st quarter. OneDigital Investment Advisors LLC now owns 40,436 shares of the company’s stock worth $345,000 after acquiring an additional 1,378 shares during the period. MetLife Investment Management LLC raised its holdings in shares of Inspired Entertainment by 28.7% during the 1st quarter. MetLife Investment Management LLC now owns 12,341 shares of the company’s stock worth $105,000 after acquiring an additional 2,751 shares during the period. Gamco Investors INC. ET AL raised its holdings in shares of Inspired Entertainment by 1.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 289,900 shares of the company’s stock worth $2,476,000 after acquiring an additional 3,000 shares during the period. National Bank of Canada FI purchased a new position in shares of Inspired Entertainment during the 1st quarter worth $31,000. Finally, XTX Topco Ltd raised its holdings in shares of Inspired Entertainment by 26.8% during the 1st quarter. XTX Topco Ltd now owns 19,272 shares of the company’s stock worth $165,000 after acquiring an additional 4,072 shares during the period. Hedge funds and other institutional investors own 77.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on INSE shares. BWS Financial reiterated a “buy” rating and set a $20.00 price target on shares of Inspired Entertainment in a report on Monday, August 11th. Zacks Research upgraded Inspired Entertainment from a “strong sell” rating to a “hold” rating in a report on Friday, September 5th. Wall Street Zen lowered shares of Inspired Entertainment from a “buy” rating to a “hold” rating in a report on Friday, July 18th. Macquarie restated a “neutral” rating and issued a $10.00 price objective on shares of Inspired Entertainment in a report on Thursday, August 7th. Finally, Weiss Ratings lowered shares of Inspired Entertainment from a “hold (c-)” rating to a “sell (d+)” rating in a report on Saturday, October 25th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $14.00.

Inspired Entertainment Trading Down 3.8%

Shares of INSE opened at $7.39 on Friday. The firm has a market cap of $198.95 million, a P/E ratio of 3.39 and a beta of 1.58. Inspired Entertainment, Inc. has a 12-month low of $6.51 and a 12-month high of $11.61. The company’s 50-day moving average price is $8.86 and its 200 day moving average price is $8.43.

Inspired Entertainment (NASDAQ:INSE) last released its earnings results on Tuesday, November 29th. The company reported $0.30 earnings per share for the quarter. The company 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%. Equities research analysts forecast that Inspired Entertainment, Inc. will post 0.3 earnings per share for the current 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.