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

Inspired Entertainment, Inc. (NASDAQ:INSE) has received a consensus rating of “Buy” from the eight research firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $14.00.

A number of analysts have issued reports on the company. Zacks Research raised Inspired Entertainment from a “strong sell” rating to a “hold” rating in a research report on Friday, September 5th. BWS Financial reissued a “buy” rating and issued a $20.00 target price on shares of Inspired Entertainment in a research report on Monday, August 11th. Wall Street Zen lowered Inspired Entertainment from a “buy” rating to a “hold” rating in a research report on Friday, July 18th. Finally, Macquarie reissued a “neutral” rating and issued a $10.00 target price on shares of Inspired Entertainment in a research report on Thursday, August 7th.

Institutional Trading of Inspired Entertainment

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. National Bank of Canada FI purchased a new stake in Inspired Entertainment in the first quarter valued at approximately $31,000. MetLife Investment Management LLC increased its position 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 worth $105,000 after acquiring an additional 2,751 shares during the period. BNP Paribas Financial Markets increased 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 acquiring an additional 10,892 shares during the period. Jane Street Group LLC purchased a new stake in shares of Inspired Entertainment during the first quarter worth $123,000. Finally, Millennium Management LLC increased its position 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 worth $142,000 after acquiring an additional 1,287 shares during the period. Hedge funds and other institutional investors own 77.38% of the company’s stock.

Inspired Entertainment Stock Performance

INSE opened at $9.57 on Monday. Inspired Entertainment has a one year low of $6.51 and a one year high of $11.61. The stock has a market capitalization of $257.62 million, a PE ratio of 4.39 and a beta of 1.64. The business’s 50 day moving average price is $9.03 and its 200 day moving average price is $8.36.

Inspired Entertainment (NASDAQ:INSE) last released its quarterly earnings data on Wednesday, August 6th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.17). Inspired Entertainment had a net margin of 21.05% and a negative return on equity of 281.67%. The business had revenue of $80.30 million during the quarter, compared to analyst estimates of $75.23 million. As a group, equities research analysts forecast that Inspired Entertainment will post 0.3 earnings per share for the current fiscal year.

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.