Inspired Entertainment (NASDAQ:INSE) Earns Buy Rating from BWS Financial

Inspired Entertainment (NASDAQ:INSE)‘s stock had its “buy” rating reissued by analysts at BWS Financial in a note issued to investors on Wednesday, Benzinga reports. They presently have a $20.00 price target on the stock. BWS Financial’s target price points to a potential upside of 306.09% from the stock’s current price.

A number of other equities analysts have also issued reports on the company. Zacks Research lowered Inspired Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Weiss Ratings reiterated a “sell (d)” rating on shares of Inspired Entertainment in a research report on Friday, September 4th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $20.00.

Inspired Entertainment Stock Performance

Shares of NASDAQ:INSE traded down $0.09 during trading on Wednesday, reaching $4.92. The company had a trading volume of 35,701 shares, compared to its average volume of 126,263. The firm’s fifty day moving average is $6.27 and its 200 day moving average is $7.01. The firm has a market capitalization of $129.82 million, a PE ratio of -14.92 and a beta of 1.19. Inspired Entertainment has a twelve month low of $4.80 and a twelve month high of $9.95.

Inspired Entertainment (NASDAQ:INSE) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $64.04 million. Equities analysts predict that Inspired Entertainment will post 0.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Inspired Entertainment

Several hedge funds have recently made changes to their positions in INSE. LSV Asset Management bought a new stake in shares of Inspired Entertainment in the 4th quarter worth approximately $93,000. Clarus Group Inc. boosted its holdings in Inspired Entertainment by 16.2% during the first quarter. Clarus Group Inc. now owns 15,591 shares of the company’s stock worth $111,000 after buying an additional 2,170 shares in the last quarter. Focused Alpha LLC acquired a new position in Inspired Entertainment in the second quarter worth approximately $112,000. Bank of America Corp DE grew its position in Inspired Entertainment by 6.9% in the first quarter. Bank of America Corp DE now owns 25,577 shares of the company’s stock worth $182,000 after buying an additional 1,660 shares during the last quarter. Finally, Deutsche Bank AG bought a new position in shares of Inspired Entertainment in the second quarter valued at $208,000. Institutional investors and hedge funds own 77.38% of the company’s stock.

About Inspired Entertainment

Inspired Entertainment, Inc (NASDAQ:INSE) is a global business-to-business provider of gaming, leisure and entertainment technology. The company develops and supplies content, hardware and software for regulated gaming operators, lotteries, betting companies, casinos, pubs and other leisure venues.

Its product portfolio includes gaming terminals and associated systems, digital casino games, virtual sports and interactive gaming content. Inspired’s virtual sports products simulate sporting events for betting and gaming applications, while its digital offerings support online, mobile and retail gaming environments.