B. Riley Financial Issues Pessimistic Forecast for Inspired Entertainment (NASDAQ:INSE) Stock Price

Inspired Entertainment (NASDAQ:INSE) had its price target lowered by research analysts at B. Riley Financial from $13.00 to $8.75 in a report issued on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. B. Riley Financial‘s price objective would suggest a potential upside of 168.40% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. Citigroup reissued a “market outperform” rating on shares of Inspired Entertainment in a report on Tuesday, October 13th. BWS Financial lowered Inspired Entertainment from a “buy” rating to a “neutral” rating in a research note on Tuesday, September 29th. Truist Financial reduced their target price on Inspired Entertainment from $12.00 to $8.00 and set a “buy” rating for the company in a research note on Tuesday. Citizens Jmp lowered their price target on Inspired Entertainment from $11.00 to $9.00 and set a “market outperform” rating for the company in a research report on Tuesday, October 13th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Inspired Entertainment in a research note on Friday, September 4th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $11.44.

Inspired Entertainment Stock Performance

Shares of NASDAQ INSE opened at $3.26 on Friday. The company has a market cap of $85.93 million, a PE ratio of 24.61 and a beta of 1.23. The business has a 50-day simple moving average of $4.70 and a two-hundred day simple moving average of $6.37. Inspired Entertainment has a fifty-two week low of $3.10 and a fifty-two week high of $9.95.

Inspired Entertainment (NASDAQ:INSE) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $60.80 million for the quarter, compared to analyst estimates of $64.04 million. On average, sell-side analysts predict that Inspired Entertainment will post 0.20 earnings per share for the current fiscal year.

Institutional Trading of Inspired Entertainment

Several institutional investors and hedge funds have recently bought and sold shares of the business. Private Management Group Inc. boosted its holdings in shares of Inspired Entertainment by 0.8% in the 2nd quarter. Private Management Group Inc. now owns 1,282,590 shares of the company’s stock valued at $10,581,000 after acquiring an additional 9,711 shares during the last quarter. Bank of America Corp DE purchased a new position in shares of Inspired Entertainment during the second quarter worth $188,000. Jupiter Topco LLC purchased a new position in shares of Inspired Entertainment during the second quarter worth $11,047,000. Ancora Advisors LLC acquired a new position in Inspired Entertainment during the second quarter valued at $1,330,000. Finally, JB Capital Partners LP acquired a new position in Inspired Entertainment during the second quarter valued at $536,250. 77.38% of the stock is currently owned by institutional investors and hedge funds.

About Inspired Entertainment

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.