BlackRock Inc. bought a new stake in Inspired Entertainment, Inc. (NASDAQ:INSE - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,324,219 shares of the company's stock, valued at approximately $19,175,000. BlackRock Inc. owned 8.71% of Inspired Entertainment at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the business. LSV Asset Management bought a new stake in Inspired Entertainment during the 4th quarter worth approximately $93,000. BNP Paribas Financial Markets boosted its holdings in shares of Inspired Entertainment by 428.0% in the second quarter. BNP Paribas Financial Markets now owns 13,437 shares of the company's stock valued at $110,000 after buying an additional 10,892 shares during the period. Clarus Group Inc. increased 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 worth $111,000 after acquiring an additional 2,170 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Inspired Entertainment during the first quarter worth $123,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in Inspired Entertainment by 28.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,085 shares of the company's stock worth $151,000 after purchasing an additional 3,571 shares in the last quarter. 77.38% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the company. Zacks Research lowered Inspired Entertainment from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 28th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Inspired Entertainment in a research report on Monday, June 8th. Finally, BWS Financial reaffirmed a "buy" rating and set a $20.00 price target on shares of Inspired Entertainment in a research note on Monday, May 11th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $20.00.
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Inspired Entertainment Price Performance
Shares of INSE opened at $5.59 on Friday. The company has a market cap of $147.35 million, a PE ratio of -16.94 and a beta of 1.19. The firm has a 50-day moving average of $6.67 and a 200-day moving average of $7.18. Inspired Entertainment, Inc. has a one year low of $5.35 and a one year high of $9.95.
Inspired Entertainment (NASDAQ:INSE - Get Free Report) last posted 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 return on equity of 30.08% and a negative net margin of 3.34%.The business had revenue of $60.80 million for the quarter, compared to analyst estimates of $64.04 million. Analysts expect that Inspired Entertainment, Inc. will post 0.2 earnings per share for the current year.
Inspired Entertainment Company Profile
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Free Report)
Inspired Entertainment, Inc NASDAQ: INSE is a business-to-business provider of digital gaming content and technology solutions for the global gaming industry. The company's offerings include server-based gaming modules, virtual sports simulations, digital interactive content and mobile sports betting platforms. Inspired designs proprietary games and software that integrate with lotteries, casino operators, retail betting shops and online platforms, emphasizing reliable performance, rapid deployment and engaging player experiences.
At the core of Inspired's product suite is its Virtual Sports catalog, which simulates sporting events using advanced algorithms and randomized outcomes.
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