Inspired Entertainment, Inc. (NASDAQ:INSE) Stock Has Average Price Target of $14.50 According to Brokerages

Key Points

• Analysts have a consensus “Hold” rating on Inspired Entertainment, with two buys, two holds and one sell among five brokerages. The average 12-month price target is $14.50.
• Institutional investors recently increased exposure, including BlackRock’s approximately $19.2 million purchase, while institutions collectively own 77.38% of the company.
• Shares fell 4.1% to $3.60, near the stock’s one-year low of $3.20. The company exceeded quarterly EPS estimates ($0.05 versus $0.03) but missed revenue expectations and continues to report negative net margins.

Shares of Inspired Entertainment, Inc. (NASDAQ:INSE - Get Free Report) have earned an average recommendation of "Hold" from the five brokerages that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $14.50.

INSE has been the topic of a number of analyst reports. Weiss Ratings reissued a "sell (d)" rating on shares of Inspired Entertainment in a research report on Friday, September 4th. BWS Financial cut Inspired Entertainment from a "buy" rating to a "neutral" rating in a research note on Tuesday, September 29th. Citizens Jmp dropped their target price on Inspired Entertainment from $11.00 to $9.00 and set a "market outperform" rating on the stock in a report on Tuesday. Zacks Research cut Inspired Entertainment from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 28th. Finally, Citigroup reissued a "market outperform" rating on shares of Inspired Entertainment in a research note on Tuesday.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Inspired Entertainment in the second quarter worth approximately $19,175,000. Jupiter Topco LLC purchased a new stake in shares of Inspired Entertainment during the second quarter valued at approximately $11,047,000. Ancora Advisors LLC purchased a new position in Inspired Entertainment in the 2nd quarter worth approximately $1,330,000. Bank of New York Mellon Corp purchased a new position in Inspired Entertainment in the 2nd quarter worth approximately $764,000. Finally, Sei Investments Co. lifted its position in Inspired Entertainment by 98.6% in the 1st quarter. Sei Investments Co. now owns 152,803 shares of the company's stock valued at $1,089,000 after acquiring an additional 75,882 shares in the last quarter. 77.38% of the stock is owned by hedge funds and other institutional investors.

Inspired Entertainment Trading Down 4.1%

Shares of INSE stock traded down $0.15 during midday trading on Tuesday, reaching $3.60. 13,901 shares of the stock were exchanged, compared to its average volume of 156,181. Inspired Entertainment has a 1 year low of $3.20 and a 1 year high of $9.95. The company's 50 day moving average is $5.21 and its two-hundred day moving average is $6.57. The firm has a market cap of $95.03 million, a PE ratio of -10.92 and a beta of 1.23.

Inspired Entertainment (NASDAQ:INSE - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $60.80 million for the quarter, compared to the consensus estimate of $64.04 million. As a group, equities analysts expect that Inspired Entertainment will post 0.20 EPS for the current fiscal year.

About Inspired Entertainment

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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