Citizens Jmp Has Lowered Expectations for Inspired Entertainment (NASDAQ:INSE) Stock Price

Key Points

• Citizens Jmp cut Inspired Entertainment’s price target from $11 to $9 while maintaining a “market outperform” rating, implying 139.36% upside from the previous close.
• Analyst sentiment is mixed: the stock has a consensus “Hold” rating and an average price target of $14.50, with ratings spanning Buy, Hold, and Sell.
• Inspired Entertainment shares opened at $3.76, near their 12-month low of $3.20. The company recently beat quarterly EPS estimates ($0.05 versus $0.03) but missed revenue expectations and continues to report negative profitability metrics.

Inspired Entertainment (NASDAQ:INSE - Get Free Report) had its price objective reduced by Citizens Jmp from $11.00 to $9.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has a "market outperform" rating on the stock. Citizens Jmp's price objective suggests a potential upside of 139.36% from the stock's previous close.

A number of other research firms have also weighed in on INSE. Citigroup reaffirmed a "market outperform" rating on shares of Inspired Entertainment in a research report on Tuesday. Zacks Research downgraded Inspired Entertainment from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 28th. BWS Financial downgraded Inspired Entertainment from a "buy" rating to a "neutral" rating in a report on Tuesday, September 29th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of Inspired Entertainment in a research note on Friday, September 4th. Two research 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. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $14.50.

Inspired Entertainment Stock Up 0.3%

Shares of Inspired Entertainment stock opened at $3.76 on Tuesday. The firm has a market cap of $99.11 million, a PE ratio of -11.39 and a beta of 1.23. The company's fifty day simple moving average is $5.21 and its two-hundred day simple moving average is $6.57. Inspired Entertainment has a 12-month low of $3.20 and a 12-month high of $9.95.

Inspired Entertainment (NASDAQ:INSE - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.03 by $0.02. Inspired Entertainment had a negative net margin of 3.34% and a negative return on equity of 30.08%. The business had revenue of $60.80 million during the quarter, compared to analyst estimates of $64.04 million. As a group, sell-side analysts expect that Inspired Entertainment will post 0.20 earnings per share for the current fiscal year.

Institutional Trading of Inspired Entertainment

A number of hedge funds and other institutional investors have recently modified their holdings of INSE. Focused Alpha LLC bought a new position in Inspired Entertainment during the second quarter valued at $112,000. Clarus Group Inc. boosted its position in shares of Inspired Entertainment by 16.2% during the first quarter. Clarus Group Inc. now owns 15,591 shares of the company's stock valued at $111,000 after buying an additional 2,170 shares during the period. Bank of America Corp DE purchased a new position in shares of Inspired Entertainment during the second quarter valued at approximately $188,000. Deutsche Bank AG bought a new position in shares of Inspired Entertainment during the second quarter valued at approximately $208,000. Finally, Krilogy Financial LLC bought a new position in shares of Inspired Entertainment during the first quarter valued at approximately $219,000. 77.38% of the stock is owned by hedge funds and other institutional investors.

Inspired Entertainment Company Profile

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.

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