Inspired Entertainment, Inc. (NASDAQ:INSE) Given Average Rating of "Buy" by Brokerages

Key Points

• Inspired Entertainment has received an average rating of "Buy" from seven analysts, with one hold rating, four buy ratings, and two strong buy ratings.
• The company's stock opened at $9.14 and has a market cap of $246.05 million, with a twelve-month trading range of $6.51 to $11.61.
• Despite a revenue of $80.30 million in the last quarter, Inspired Entertainment reported an EPS of ($0.19), missing earnings estimates by $0.17.

Shares of Inspired Entertainment, Inc. (NASDAQ:INSE - Get Free Report) have earned an average rating of "Buy" from the seven analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $14.00.

Several equities research analysts have issued reports on INSE shares. BWS Financial reissued a "buy" rating and set a $20.00 target price on shares of Inspired Entertainment in a research note on Monday, August 11th. JMP Securities reduced their target price on shares of Inspired Entertainment from $13.00 to $12.00 and set a "market outperform" rating on the stock in a report on Friday, May 9th. Macquarie reissued a "neutral" rating and set a $10.00 price objective on shares of Inspired Entertainment in a research report on Thursday, August 7th. Finally, Wall Street Zen downgraded shares of Inspired Entertainment from a "buy" rating to a "hold" rating in a research note on Friday, July 18th.

Inspired Entertainment Stock Up 3.4%

INSE opened at $9.14 on Thursday. Inspired Entertainment has a twelve month low of $6.51 and a twelve month high of $11.61. The company has a 50-day moving average price of $8.66 and a 200 day moving average price of $8.54. The company has a market cap of $246.05 million, a PE ratio of 4.19 and a beta of 1.62.

Inspired Entertainment (NASDAQ:INSE - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported ($0.19) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.17). Inspired Entertainment had a net margin of 21.05% and a negative return on equity of 281.67%. The business had revenue of $80.30 million during the quarter, compared to analyst estimates of $75.23 million. As a group, sell-side analysts expect that Inspired Entertainment will post 0.3 earnings per share for the current year.

Institutional Investors Weigh In On Inspired Entertainment

Several large investors have recently modified their holdings of the company. GAMMA Investing LLC grew its position in Inspired Entertainment by 673.7% during the 1st quarter. GAMMA Investing LLC now owns 5,671 shares of the company's stock worth $480,000 after purchasing an additional 4,938 shares during the last quarter. Barclays PLC boosted its stake in shares of Inspired Entertainment by 14.4% during the fourth quarter. Barclays PLC now owns 35,832 shares of the company's stock worth $325,000 after buying an additional 4,511 shares during the period. Wells Fargo & Company MN grew its holdings in shares of 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 during the last quarter. Northern Trust Corp increased its position in Inspired Entertainment by 4.7% in the 4th quarter. Northern Trust Corp now owns 202,014 shares of the company's stock valued at $1,828,000 after acquiring an additional 9,079 shares during the period. Finally, XTX Topco Ltd raised its stake in Inspired Entertainment by 26.8% during the 1st quarter. XTX Topco Ltd now owns 19,272 shares of the company's stock valued at $165,000 after acquiring an additional 4,072 shares during the last quarter. 77.38% of the stock is owned by institutional investors and hedge funds.

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.

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