Ancora Advisors LLC Buys 44,430 Shares of Inspired Entertainment, Inc. (NASDAQ:INSE)

Ancora Advisors LLC boosted its position in Inspired Entertainment, Inc. (NASDAQ:INSE - Free Report) by 98.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,660 shares of the company's stock after buying an additional 44,430 shares during the quarter. Ancora Advisors LLC owned approximately 0.34% of Inspired Entertainment worth $811,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC boosted its stake in shares of Inspired Entertainment by 314.1% in the 3rd quarter. Barclays PLC now owns 31,321 shares of the company's stock valued at $291,000 after purchasing an additional 23,757 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Inspired Entertainment during the fourth quarter valued at about $97,000. Clarus Group Inc. increased its holdings in shares of Inspired Entertainment by 12.0% in the fourth quarter. Clarus Group Inc. now owns 14,019 shares of the company's stock worth $127,000 after buying an additional 1,500 shares during the period. LPL Financial LLC purchased a new stake in Inspired Entertainment during the 4th quarter valued at about $136,000. Finally, JPMorgan Chase & Co. grew its position in Inspired Entertainment by 203.1% during the 4th quarter. JPMorgan Chase & Co. now owns 29,742 shares of the company's stock worth $269,000 after acquiring an additional 19,928 shares during the last quarter. 77.38% of the stock is currently owned by institutional investors.

Inspired Entertainment Stock Up 0.1 %

Shares of NASDAQ:INSE traded up $0.01 during trading on Friday, hitting $7.81. The stock had a trading volume of 134,930 shares, compared to its average volume of 116,970. The company has a market capitalization of $210.13 million, a PE ratio of -780.22 and a beta of 1.66. The firm's fifty day moving average is $8.00 and its 200 day moving average is $9.12. Inspired Entertainment, Inc. has a 12 month low of $6.51 and a 12 month high of $11.61.

Inspired Entertainment (NASDAQ:INSE - Get Free Report) last issued its quarterly earnings results on Monday, March 17th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.13). Inspired Entertainment had a negative return on equity of 6.35% and a negative net margin of 0.10%. The business had revenue of $83.00 million during the quarter, compared to the consensus estimate of $79.19 million. Equities research analysts expect that Inspired Entertainment, Inc. will post 0.3 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on INSE. JMP Securities dropped their price objective on Inspired Entertainment from $13.00 to $12.00 and set a "market outperform" rating for the company in a research note on Friday. Piper Sandler cut their price target on shares of Inspired Entertainment from $13.00 to $11.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. B. Riley initiated coverage on shares of Inspired Entertainment in a research note on Tuesday, April 8th. They set a "buy" rating and a $13.00 price objective for the company. New Street Research set a $21.00 target price on Inspired Entertainment in a research note on Friday, March 14th. Finally, Truist Financial lowered their price target on Inspired Entertainment from $13.00 to $11.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Inspired Entertainment has an average rating of "Buy" and an average price target of $13.00.

Inspired Entertainment Company Profile

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.