Inspired Entertainment (NASDAQ:INSE) Earns "Buy" Rating from BWS Financial

Key Points

• BWS Financial reaffirmed its “Buy” rating on Inspired Entertainment and set a $20 price target, implying potential upside of approximately 306% from the stock’s $4.92 price.
• Analyst sentiment remains mixed: Inspired has an average rating of “Hold,” with one Buy, one Hold, and one Sell rating. The company recently beat quarterly EPS expectations, reporting $0.05 versus the $0.03 consensus, though revenue missed estimates.
• The stock has declined substantially, trading near its one-year low with a market capitalization of about $130 million. Institutional investors and hedge funds own a significant 77.38% stake in the company.

Inspired Entertainment (NASDAQ:INSE - Get Free Report)'s stock had its "buy" rating restated by equities research analysts at BWS Financial in a research report issued on Wednesday, Benzinga reports. They currently have a $20.00 price objective on the stock. BWS Financial's target price points to a potential upside of 306.09% from the company's current price.

A number of other brokerages also recently commented on INSE. Weiss Ratings restated a "sell (d)" rating on shares of Inspired Entertainment in a research note on Friday, September 4th. Zacks Research cut Inspired Entertainment from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Inspired Entertainment presently has an average rating of "Hold" and a consensus target price of $20.00.

Inspired Entertainment Stock Performance

Shares of Inspired Entertainment stock traded down $0.09 during trading hours on Wednesday, reaching $4.92. The company's stock had a trading volume of 35,701 shares, compared to its average volume of 126,263. The company's 50 day simple moving average is $6.27 and its 200 day simple moving average is $7.01. Inspired Entertainment has a one year low of $4.80 and a one year high of $9.95. The stock has a market cap of $129.82 million, a P/E ratio of -14.92 and a beta of 1.19.

Inspired Entertainment (NASDAQ:INSE - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.02. The business had revenue of $60.80 million during the quarter, compared to the consensus estimate of $64.04 million. Inspired Entertainment had a negative net margin of 3.34% and a negative return on equity of 30.08%. On average, sell-side analysts predict that Inspired Entertainment will post 0.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of INSE. LSV Asset Management bought a new stake in Inspired Entertainment during the 4th quarter valued at $93,000. Clarus Group Inc. grew its stake in shares of Inspired Entertainment by 16.2% in the first quarter. Clarus Group Inc. now owns 15,591 shares of the company's stock worth $111,000 after purchasing an additional 2,170 shares in the last quarter. Focused Alpha LLC bought a new position in shares of Inspired Entertainment in the second quarter worth $112,000. Bank of America Corp DE increased its holdings in shares of Inspired Entertainment by 6.9% during the first quarter. Bank of America Corp DE now owns 25,577 shares of the company's stock valued at $182,000 after purchasing an additional 1,660 shares during the period. Finally, Deutsche Bank AG acquired a new position in shares of Inspired Entertainment during the second quarter valued at $208,000. 77.38% of the stock is owned by institutional investors and hedge funds.

About Inspired Entertainment

Inspired Entertainment, Inc NASDAQ: INSE is a global business-to-business provider of gaming, leisure and entertainment technology. The company develops and supplies content, hardware and software for regulated gaming operators, lotteries, betting companies, casinos, pubs and other leisure venues.

Its product portfolio includes gaming terminals and associated systems, digital casino games, virtual sports and interactive gaming content. Inspired's virtual sports products simulate sporting events for betting and gaming applications, while its digital offerings support online, mobile and retail gaming environments.

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