41,980 Shares in Inspired Entertainment, Inc. (NASDAQ:INSE) Purchased by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. acquired a new position in shares of Inspired Entertainment, Inc. (NASDAQ:INSE - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 41,980 shares of the company's stock, valued at approximately $380,000. Jacobs Levy Equity Management Inc. owned 0.16% of Inspired Entertainment at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. D. E. Shaw & Co. Inc. boosted its position in shares of Inspired Entertainment by 64.6% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 31,419 shares of the company's stock worth $284,000 after buying an additional 12,327 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Inspired Entertainment during the fourth quarter worth approximately $195,000. Bank of America Corp DE boosted its position in shares of Inspired Entertainment by 37.1% during the fourth quarter. Bank of America Corp DE now owns 23,263 shares of the company's stock worth $211,000 after buying an additional 6,293 shares during the period. Aptus Capital Advisors LLC acquired a new position in shares of Inspired Entertainment during the fourth quarter worth approximately $127,000. Finally, Ancora Advisors LLC boosted its position in shares of Inspired Entertainment by 98.2% during the fourth quarter. Ancora Advisors LLC now owns 89,660 shares of the company's stock worth $811,000 after buying an additional 44,430 shares during the period. 77.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

INSE has been the subject of several analyst reports. Truist Financial reduced their price objective 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. JMP Securities dropped their target price on Inspired Entertainment from $13.00 to $12.00 and set a "market outperform" rating on the stock in a report on Friday, May 9th. New Street Research set a $21.00 target price on Inspired Entertainment in a report on Friday, March 14th. B. Riley initiated coverage on Inspired Entertainment in a report on Tuesday, April 8th. They set a "buy" rating and a $13.00 target price on the stock. Finally, Piper Sandler dropped their target price on Inspired Entertainment from $13.00 to $11.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. One analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $13.00.

Inspired Entertainment Stock Performance

Shares of NASDAQ INSE traded down $0.20 during trading on Friday, hitting $7.56. The company had a trading volume of 91,166 shares, compared to its average volume of 116,817. The company has a market cap of $203.40 million, a P/E ratio of -755.24 and a beta of 1.66. Inspired Entertainment, Inc. has a 52 week low of $6.51 and a 52 week high of $11.61. The business's 50-day moving average is $7.89 and its 200 day moving average is $9.04.

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

About Inspired Entertainment

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.