Jacobs Levy Equity Management Inc. Makes New Investment in Inspired Entertainment, Inc. (NASDAQ:INSE)

Jacobs Levy Equity Management Inc. bought a new stake in Inspired Entertainment, Inc. (NASDAQ:INSE - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 41,980 shares of the company's stock, valued at approximately $380,000. Jacobs Levy Equity Management Inc. owned approximately 0.16% of Inspired Entertainment at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in INSE. Wells Fargo & Company MN grew its holdings in shares of Inspired Entertainment by 51.0% in the 4th quarter. Wells Fargo & Company MN now owns 10,350 shares of the company's stock valued at $94,000 after acquiring an additional 3,494 shares in the last quarter. Oxford Asset Management LLP acquired a new position in Inspired Entertainment during the fourth quarter valued at approximately $96,000. SG Americas Securities LLC acquired a new position in Inspired Entertainment during the fourth quarter valued at approximately $97,000. Clarus Group Inc. grew its stake in Inspired Entertainment by 12.0% in the fourth quarter. Clarus Group Inc. now owns 14,019 shares of the company's stock valued at $127,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Aptus Capital Advisors LLC acquired a new position in shares of Inspired Entertainment during the 4th quarter worth approximately $127,000. 77.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on INSE. New Street Research set a $21.00 price objective on Inspired Entertainment in a report on Friday, March 14th. JMP Securities cut their price target on shares of Inspired Entertainment from $13.00 to $12.00 and set a "market outperform" rating for the company in a research note on Friday, May 9th. B. Riley began coverage on shares of Inspired Entertainment in a research report on Tuesday, April 8th. They issued a "buy" rating and a $13.00 price objective for the company. Truist Financial dropped their price objective on Inspired Entertainment from $13.00 to $11.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Finally, Piper Sandler cut 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. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Inspired Entertainment has a consensus rating of "Buy" and an average target price of $13.00.

Inspired Entertainment Stock Performance

Shares of INSE stock traded down $0.10 during midday trading on Thursday, hitting $7.86. 79,646 shares of the company were exchanged, compared to its average volume of 116,869. The firm has a market capitalization of $211.47 million, a P/E ratio of -785.71 and a beta of 1.66. The firm's 50 day moving average price is $7.94 and its two-hundred day moving average price is $9.07. Inspired Entertainment, Inc. has a 52 week low of $6.51 and a 52 week high of $11.61.

Inspired Entertainment (NASDAQ:INSE - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $83.00 million for the quarter, compared to analyst estimates of $79.19 million. Analysts expect that Inspired Entertainment, Inc. will post 0.3 EPS for the current year.

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.