Inspired Entertainment (NASDAQ:INSE) Stock Crosses Below 50 Day Moving Average – Time to Sell?

Inspired Entertainment, Inc. (NASDAQ:INSE) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $7.33 and traded as low as $6.15. Inspired Entertainment shares last traded at $6.18, with a volume of 147,751 shares trading hands.

Analyst Ratings Changes

INSE has been the topic of several recent analyst reports. Zacks Research lowered shares of Inspired Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. BWS Financial reiterated a “buy” rating and set a $20.00 price target on shares of Inspired Entertainment in a report on Monday, May 11th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Inspired Entertainment in a research note on Monday, June 8th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $20.00.

Inspired Entertainment Price Performance

The company has a market capitalization of $162.90 million, a P/E ratio of -18.73 and a beta of 1.22. The company’s 50-day moving average price is $7.33 and its two-hundred day moving average price is $7.50.

Inspired Entertainment (NASDAQ:INSE) last announced its earnings results on Wednesday, August 5th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.03 by $0.02. Inspired Entertainment had a negative net margin of 3.34% and a negative return on equity of 30.08%. The business had revenue of $60.80 million during the quarter, compared to the consensus estimate of $64.04 million. On average, 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

Institutional investors have recently made changes to their positions in the company. LSV Asset Management acquired a new position in shares of Inspired Entertainment in the fourth quarter valued at approximately $93,000. BNP Paribas Financial Markets boosted its stake in Inspired Entertainment by 428.0% in the 2nd 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 period. Focused Alpha LLC acquired a new position in Inspired Entertainment in the 2nd quarter valued at $112,000. Jane Street Group LLC acquired a new position in Inspired Entertainment in the 1st quarter valued at $123,000. Finally, Clarus Group Inc. increased its position in Inspired Entertainment by 16.2% during the 1st quarter. Clarus Group Inc. now owns 15,591 shares of the company’s stock worth $111,000 after buying an additional 2,170 shares during the period. Institutional investors own 77.38% of the company’s stock.

Inspired Entertainment Company Profile

Inspired Entertainment, Inc (NASDAQ: INSE) is a business-to-business provider of digital gaming content and technology solutions for the global gaming industry. The company’s offerings include server-based gaming modules, virtual sports simulations, digital interactive content and mobile sports betting platforms. Inspired designs proprietary games and software that integrate with lotteries, casino operators, retail betting shops and online platforms, emphasizing reliable performance, rapid deployment and engaging player experiences.

At the core of Inspired’s product suite is its Virtual Sports catalog, which simulates sporting events using advanced algorithms and randomized outcomes.