Inspired Entertainment, Inc. (NASDAQ:INSE) Receives $14.00 Consensus Target Price from 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 received an average recommendation of "Buy" from the seven research firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $14.00.

INSE has been the subject of several analyst reports. BWS Financial restated a "buy" rating and issued a $20.00 target price on shares of Inspired Entertainment in a report on Monday, August 11th. JMP Securities lowered their target price on shares of Inspired Entertainment from $13.00 to $12.00 and set a "market outperform" rating for the company in a report on Friday, May 9th. Wall Street Zen lowered shares of Inspired Entertainment from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Finally, Macquarie reaffirmed a "neutral" rating and issued a $10.00 price target on shares of Inspired Entertainment in a research note on Thursday, August 7th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. LPL Financial LLC purchased a new position in Inspired Entertainment during the 4th quarter valued at about $136,000. JPMorgan Chase & Co. increased its position in Inspired Entertainment by 203.1% during the 4th quarter. JPMorgan Chase & Co. now owns 29,742 shares of the company's stock valued at $269,000 after purchasing an additional 19,928 shares during the period. Wells Fargo & Company MN grew its position 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 worth $94,000 after buying an additional 3,494 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Inspired Entertainment by 193.2% in the 4th quarter. Renaissance Technologies LLC now owns 95,000 shares of the company's stock worth $860,000 after buying an additional 62,600 shares during the last quarter. Finally, Barclays PLC grew its position in shares of Inspired Entertainment by 14.4% in the 4th 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 last quarter. Hedge funds and other institutional investors own 77.38% of the company's stock.

Inspired Entertainment Price Performance

Shares of Inspired Entertainment stock traded down $0.22 during trading on Thursday, hitting $9.08. The stock had a trading volume of 95,136 shares, compared to its average volume of 139,288. The firm's fifty day simple moving average is $8.80 and its 200-day simple moving average is $8.49. The stock has a market cap of $244.43 million, a PE ratio of 4.17 and a beta of 1.64. Inspired Entertainment has a 12 month low of $6.51 and a 12 month high of $11.61.

Inspired Entertainment (NASDAQ:INSE - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.17). The firm had revenue of $80.30 million during 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%. Analysts expect that Inspired Entertainment will post 0.3 earnings per share for the current fiscal 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.