Inspired Entertainment (NASDAQ:INSE) Shares Down 5.5% – What’s Next?

Inspired Entertainment, Inc. (NASDAQ:INSE) shares were down 5.5% during mid-day trading on Wednesday. The company traded as low as $3.74 and last traded at $3.75. 189,749 shares were traded during trading, a decline of 55% from the average daily volume of 420,187 shares. The stock had previously closed at $3.97.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on INSE. Zacks Research cut shares of Inspired Entertainment from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. BWS Financial cut shares of Inspired Entertainment from a “buy” rating to a “neutral” rating in a research report on Tuesday, September 29th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Inspired Entertainment in a research report on Friday, September 4th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $20.00.

Inspired Entertainment Trading Down 5.5%

The business has a 50-day moving average price of $5.40 and a 200-day moving average price of $6.63. The firm has a market cap of $98.85 million, a P/E ratio of -11.36 and a beta of 1.23.

Inspired Entertainment (NASDAQ:INSE) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.02. Inspired Entertainment had a negative return on equity of 30.08% and a negative net margin of 3.34%.The firm had revenue of $60.80 million during the quarter, compared to the consensus estimate of $64.04 million. On average, equities analysts anticipate that Inspired Entertainment, Inc. will post 0.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Inspired Entertainment

Several large investors have recently modified their holdings of INSE. BlackRock Inc. purchased a new stake in shares of Inspired Entertainment in the 2nd quarter worth approximately $19,175,000. Jupiter Topco LLC bought a new position in shares of Inspired Entertainment during the second quarter valued at approximately $11,047,000. Janus Henderson Group PLC increased its holdings in Inspired Entertainment by 2.0% during the first quarter. Janus Henderson Group PLC now owns 1,296,095 shares of the company’s stock valued at $9,241,000 after buying an additional 25,820 shares during the period. Private Management Group Inc. increased its holdings in Inspired Entertainment by 0.8% during the second quarter. Private Management Group Inc. now owns 1,282,590 shares of the company’s stock valued at $10,581,000 after buying an additional 9,711 shares during the period. Finally, Potomac Capital Management Inc. bought a new position in Inspired Entertainment in the fourth quarter worth approximately $6,089,000. Institutional investors own 77.38% of the company’s stock.

Inspired Entertainment Company Profile

Inspired Entertainment, Inc (NASDAQ: INSE) is a business-to-business gaming technology company that develops and supplies content, platforms and systems for gaming, betting and leisure operators. Its offerings are designed for use across retail betting shops, gaming venues, casinos, lotteries and online gaming channels.

The company’s products include virtual sports and other digital gaming content, electronic gaming machines, server-based gaming systems, online casino games and mobile gaming solutions.