Inspired Entertainment (NASDAQ:INSE) Lowered to “Hold” Rating by Zacks Research

Zacks Research lowered shares of Inspired Entertainment (NASDAQ:INSE) from a strong-buy rating to a hold rating in a research report report published on Tuesday morning,Zacks.com reports.

A number of other equities research analysts have also issued reports on the stock. BWS Financial reissued a “buy” rating and set a $20.00 target price on shares of Inspired Entertainment in a research note on Monday, May 11th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Inspired Entertainment in a research note on Monday, June 8th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Inspired Entertainment presently has an average rating of “Hold” and an average target price of $15.00.

Inspired Entertainment Price Performance

NASDAQ INSE opened at $6.86 on Tuesday. The company has a 50 day simple moving average of $7.51 and a 200-day simple moving average of $7.69. The firm has a market capitalization of $182.96 million, a price-to-earnings ratio of -11.25 and a beta of 1.20. Inspired Entertainment has a 52-week low of $6.10 and a 52-week high of $9.95.

Inspired Entertainment (NASDAQ:INSE) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.13. The company had revenue of $57.20 million for the quarter, compared to analyst estimates of $58.89 million. On average, analysts predict that Inspired Entertainment will post 0.28 EPS for the current year.

Institutional Trading of Inspired Entertainment

A number of institutional investors have recently added to or reduced their stakes in INSE. LSV Asset Management bought a new stake in Inspired Entertainment in the fourth quarter worth approximately $93,000. BNP Paribas Financial Markets raised its holdings in shares of Inspired Entertainment by 428.0% during 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 in the last quarter. Clarus Group Inc. raised its holdings in shares of Inspired Entertainment by 16.2% during the 1st quarter. Clarus Group Inc. now owns 15,591 shares of the company’s stock valued at $111,000 after purchasing an additional 2,170 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Inspired Entertainment in the 1st quarter valued at $123,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Inspired Entertainment by 28.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,085 shares of the company’s stock valued at $151,000 after purchasing an additional 3,571 shares during the last quarter. 77.38% of the stock is currently owned by institutional investors and hedge funds.

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.