Nuveen LLC Takes $643,000 Position in Inspired Entertainment, Inc. $INSE

Key Points

• Nuveen LLC acquired a new stake in Inspired Entertainment, Inc. valued at approximately **$643,000**, owning about 0.28% of the company after purchasing 75,306 shares.
• Research firms have updated their price targets for Inspired Entertainment, with consensus ratings showing mixed feedback; the majority of analysts still hold a **"Buy"** rating with a **$14.00** price target on average.
• Inspired Entertainment reported a quarterly earnings miss of **($0.19)** per share against estimates of **($0.02)**, despite generating revenue of **$80.30 million**, exceeding analyst expectations.

Nuveen LLC bought a new position in shares of Inspired Entertainment, Inc. (NASDAQ:INSE - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 75,306 shares of the company's stock, valued at approximately $643,000. Nuveen LLC owned 0.28% of Inspired Entertainment at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Millennium Management LLC boosted its stake in Inspired Entertainment by 8.9% during the fourth quarter. Millennium Management LLC now owns 15,713 shares of the company's stock worth $142,000 after buying an additional 1,287 shares in the last quarter. OneDigital Investment Advisors LLC boosted its stake in Inspired Entertainment by 3.5% during the first quarter. OneDigital Investment Advisors LLC now owns 40,436 shares of the company's stock worth $345,000 after buying an additional 1,378 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Inspired Entertainment by 51.0% during the fourth quarter. Wells Fargo & Company MN now owns 10,350 shares of the company's stock worth $94,000 after buying an additional 3,494 shares in the last quarter. National Bank of Canada FI acquired a new stake in Inspired Entertainment during the first quarter worth $31,000. Finally, XTX Topco Ltd boosted its stake in shares of Inspired Entertainment by 26.8% in the 1st quarter. XTX Topco Ltd now owns 19,272 shares of the company's stock valued at $165,000 after purchasing an additional 4,072 shares in the last quarter. Institutional investors own 77.38% of the company's stock.

Inspired Entertainment Stock Performance

NASDAQ:INSE traded down $0.11 on Tuesday, hitting $9.31. 7,904 shares of the stock were exchanged, compared to its average volume of 147,246. The stock has a market capitalization of $250.63 million, a price-to-earnings ratio of 4.26 and a beta of 1.64. Inspired Entertainment, Inc. has a 52 week low of $6.51 and a 52 week high of $11.61. The company's 50-day moving average price is $8.90 and its 200 day moving average price is $8.42.

Inspired Entertainment (NASDAQ:INSE - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.17). The firm had revenue of $80.30 million for the quarter, compared to the consensus estimate of $75.23 million. Inspired Entertainment had a negative return on equity of 281.67% and a net margin of 21.05%. As a group, equities research analysts predict that Inspired Entertainment, Inc. will post 0.3 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on INSE shares. Macquarie restated a "neutral" rating and issued a $10.00 target price on shares of Inspired Entertainment in a research note on Thursday, August 7th. Wall Street Zen downgraded shares of Inspired Entertainment from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. BWS Financial restated a "buy" rating and issued a $20.00 target price on shares of Inspired Entertainment in a research note on Monday, August 11th. Finally, Zacks Research upgraded shares of Inspired Entertainment from a "strong sell" rating to a "hold" rating in a research note on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $14.00.

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.