Inspired Entertainment, Inc. (NASDAQ:INSE) Receives $14.00 Average Target Price from Analysts

Shares of Inspired Entertainment, Inc. (NASDAQ:INSE) have been assigned an average rating of “Moderate Buy” from the eight brokerages that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $14.00.

A number of brokerages have recently issued reports on INSE. Weiss Ratings restated a “hold (c-)” rating on shares of Inspired Entertainment in a report on Monday. BWS Financial reiterated a “buy” rating and issued a $20.00 price objective on shares of Inspired Entertainment in a research report on Monday, November 17th. Finally, Zacks Research raised Inspired Entertainment from a “strong sell” rating to a “hold” rating in a research note on Friday, September 5th.

Inspired Entertainment Stock Performance

NASDAQ INSE opened at $9.34 on Friday. The stock’s fifty day moving average is $8.18 and its two-hundred day moving average is $8.51. The firm has a market capitalization of $251.53 million, a P/E ratio of 4.69 and a beta of 1.28. Inspired Entertainment has a fifty-two week low of $6.51 and a fifty-two week high of $11.61.

Inspired Entertainment (NASDAQ:INSE) last released its quarterly earnings data on Tuesday, November 29th. The company reported $0.30 earnings per share (EPS) for the quarter. Inspired Entertainment had a net margin of 18.78% and a negative return on equity of 1,176.67%. The firm had revenue of $77.60 million during the quarter. As a group, sell-side analysts forecast that Inspired Entertainment will post 0.3 EPS for the current year.

Insiders Place Their Bets

In related news, Chairman A Lorne Weil bought 50,000 shares of the firm’s stock in a transaction on Wednesday, November 26th. The shares were bought at an average price of $8.11 per share, with a total value of $405,500.00. Following the completion of the transaction, the chairman directly owned 572,771 shares of the company’s stock, valued at $4,645,172.81. This represents a 9.56% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brooks H. Pierce bought 10,000 shares of the stock in a transaction on Thursday, November 20th. The shares were bought at an average cost of $7.04 per share, with a total value of $70,400.00. Following the purchase, the chief executive officer owned 12,000 shares of the company’s stock, valued at $84,480. This trade represents a 500.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 13.10% of the company’s stock.

Hedge Funds Weigh In On Inspired Entertainment

Large investors have recently made changes to their positions in the stock. National Bank of Canada FI acquired a new stake in Inspired Entertainment in the 1st quarter valued at approximately $31,000. MetLife Investment Management LLC lifted its stake in Inspired Entertainment by 28.7% during the first quarter. MetLife Investment Management LLC now owns 12,341 shares of the company’s stock worth $105,000 after purchasing an additional 2,751 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Inspired Entertainment by 428.0% during the second quarter. BNP Paribas Financial Markets now owns 13,437 shares of the company’s stock worth $110,000 after buying an additional 10,892 shares during the period. Jane Street Group LLC purchased a new position in shares of Inspired Entertainment during the first quarter worth $123,000. Finally, R Squared Ltd acquired a new stake in shares of Inspired Entertainment in the third quarter valued at $143,000. 77.38% of the stock is currently owned by institutional investors and hedge funds.

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.