Inspired Entertainment (NASDAQ:INSE) Price Target Cut to $7.00 by Analysts at Citizens Jmp

Key Points

• Citizens JMP cut its price target on Inspired Entertainment from $9 to $7 but maintained a market-outperform rating; the new target implies 98.58% upside from the prior close.
• Analyst views are mixed: the stock has a consensus “Hold” rating and an average price target of $10.94, with four Buy, two Hold, and one Sell rating.
• For the latest quarter, Inspired reported EPS of $0.10, beating the $0.02 estimate, while revenue of $61.4 million fell short of the $64.52 million consensus.

Inspired Entertainment (NASDAQ:INSE - Get Free Report) had its target price reduced by Citizens Jmp from $9.00 to $7.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has a "market outperform" rating on the stock. Citizens Jmp's price objective suggests a potential upside of 98.58% from the stock's previous close.

Several other analysts have also recently commented on the company. Weiss Ratings reiterated a "sell (d)" rating on shares of Inspired Entertainment in a research report on Friday, September 4th. Zacks Research lowered Inspired Entertainment from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 28th. Truist Financial decreased their price objective on Inspired Entertainment from $12.00 to $8.00 and set a "buy" rating on the stock in a report on Tuesday, October 20th. Citigroup reaffirmed a "market outperform" rating on shares of Inspired Entertainment in a research note on Tuesday, October 13th. Finally, B. Riley Financial lowered their target price on shares of Inspired Entertainment from $13.00 to $8.75 and set a "buy" rating on the stock in a research note on Friday, October 23rd. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Inspired Entertainment has an average rating of "Hold" and a consensus price target of $10.94.

Inspired Entertainment Price Performance

INSE stock traded up $0.03 during trading on Friday, hitting $3.52. The stock had a trading volume of 341,722 shares, compared to its average volume of 182,749. Inspired Entertainment has a twelve month low of $3.10 and a twelve month high of $9.95. The stock has a market capitalization of $92.92 million, a P/E ratio of -10.67 and a beta of 1.16. The company's 50-day moving average price is $4.21 and its two-hundred day moving average price is $6.63.

Inspired Entertainment (NASDAQ:INSE - Get Free Report) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.02 by $0.08. Inspired Entertainment had a negative return on equity of 30.08% and a negative net margin of 3.34%. The company had revenue of $61.40 million during the quarter, compared to analyst estimates of $64.52 million. As a group, sell-side analysts expect that Inspired Entertainment will post 0.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in Inspired Entertainment during the second quarter worth about $19,175,000. Jupiter Topco LLC acquired a new stake in shares of Inspired Entertainment during the 2nd quarter worth approximately $11,047,000. Prescott Group Capital Management L.L.C. increased its holdings in shares of Inspired Entertainment by 60.5% during the 3rd quarter. Prescott Group Capital Management L.L.C. now owns 574,750 shares of the company's stock worth $1,977,000 after buying an additional 216,558 shares during the last quarter. Ancora Advisors LLC purchased a new stake in shares of Inspired Entertainment during the 2nd quarter valued at approximately $1,330,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Inspired Entertainment during the 2nd quarter valued at approximately $764,000. Institutional investors and hedge funds own 77.38% of the company's stock.

Inspired Entertainment Company Profile

Inspired Entertainment, Inc is a business-to-business gaming technology company that develops and supplies content, software, hardware and related services for regulated gaming, betting and leisure markets. Its customers include bookmakers, casinos, gaming operators, lotteries and other entertainment venues.

The company's offerings include gaming terminals and server-based gaming systems, digital casino games, virtual sports and other simulated sporting events, as well as interactive gaming solutions for online and mobile platforms.

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