Inspired Entertainment, Inc. (NASDAQ:INSE) Given Average Recommendation of “Buy” by Analysts

Shares of Inspired Entertainment, Inc. (NASDAQ:INSE) have earned a consensus rating of “Buy” from the six research firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $13.00.

Several equities analysts have recently commented on INSE shares. Truist Financial reduced their price target on shares of Inspired Entertainment from $13.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. Piper Sandler cut their target price on shares of Inspired Entertainment from $13.00 to $11.00 and set a “buy” rating on the stock in a report on Wednesday, April 23rd. B. Riley began coverage on Inspired Entertainment in a report on Tuesday, April 8th. They set a “buy” rating and a $13.00 target price for the company. New Street Research set a $21.00 price target on Inspired Entertainment in a research report on Friday, March 14th. Finally, JMP Securities cut their price target on Inspired Entertainment from $13.00 to $12.00 and set a “market outperform” rating on the stock in a report on Friday, May 9th.

Inspired Entertainment Stock Performance

Shares of INSE stock opened at $7.56 on Tuesday. Inspired Entertainment has a one year low of $6.51 and a one year high of $11.61. The company’s 50-day simple moving average is $7.89 and its 200-day simple moving average is $9.04. The stock has a market capitalization of $203.40 million, a price-to-earnings ratio of -755.24 and a beta of 1.66.

Inspired Entertainment (NASDAQ:INSE) last issued its quarterly earnings results on Monday, March 17th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.13). Inspired Entertainment had a negative return on equity of 6.35% and a negative net margin of 0.10%. The company had revenue of $83.00 million for the quarter, compared to the consensus estimate of $79.19 million. As a group, research analysts forecast that Inspired Entertainment will post 0.3 EPS for the current year.

Institutional Trading of Inspired Entertainment

Hedge funds have recently made changes to their positions in the stock. Millennium Management LLC raised its holdings in shares of Inspired Entertainment by 8.9% during the fourth quarter. Millennium Management LLC now owns 15,713 shares of the company’s stock valued at $142,000 after buying an additional 1,287 shares during the last quarter. OneDigital Investment Advisors LLC raised its holdings in shares of Inspired Entertainment by 3.5% during the first quarter. OneDigital Investment Advisors LLC now owns 40,436 shares of the company’s stock valued at $345,000 after buying an additional 1,378 shares during the last quarter. Clarus Group Inc. raised its holdings in shares of Inspired Entertainment by 12.0% during the fourth quarter. Clarus Group Inc. now owns 14,019 shares of the company’s stock valued at $127,000 after buying an additional 1,500 shares during the last quarter. MetLife Investment Management LLC raised its holdings in shares of Inspired Entertainment by 28.7% during the first quarter. MetLife Investment Management LLC now owns 12,341 shares of the company’s stock valued at $105,000 after buying an additional 2,751 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its holdings in shares of Inspired Entertainment by 1.0% during the first quarter. Gamco Investors INC. ET AL now owns 289,900 shares of the company’s stock valued at $2,476,000 after buying an additional 3,000 shares during the last quarter. Institutional investors own 77.38% of the company’s stock.

About Inspired Entertainment

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.