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

Key Points

• Inspired Entertainment, Inc. has received an average consensus rating of "Buy" from eight research firms, with two analysts rating it hold, four as buy, and two as strong buy.
• The company had a net margin of 21.05% despite reporting a quarterly loss of ($0.19) EPS, missing analyst estimates by ($0.17).
• Recent institutional trading shows significant investment activity, with hedge funds and institutional investors owning 77.38% of the company's stock.

Shares of Inspired Entertainment, Inc. (NASDAQ:INSE - Get Free Report) have earned an average recommendation of "Buy" from the eight ratings firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $14.00.

INSE has been the subject of several research analyst reports. Wall Street Zen cut Inspired Entertainment from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. Macquarie restated a "neutral" rating and set a $10.00 price objective on shares of Inspired Entertainment in a report on Thursday, August 7th. BWS Financial reiterated a "buy" rating and set a $20.00 price objective on shares of Inspired Entertainment in a research report on Monday, August 11th. Finally, Zacks Research raised shares of Inspired Entertainment from a "strong sell" rating to a "hold" rating in a research report on Friday, September 5th.

Institutional Investors Weigh In On Inspired Entertainment

Several large investors have recently modified their holdings of the company. SkyView Investment Advisors LLC increased its holdings in Inspired Entertainment by 3.7% during the second quarter. SkyView Investment Advisors LLC now owns 68,884 shares of the company's stock worth $551,000 after buying an additional 2,477 shares during the last quarter. Man Group plc purchased a new position in shares of Inspired Entertainment in the second quarter worth $174,000. BNP Paribas Financial Markets increased its position in Inspired Entertainment by 428.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 13,437 shares of the company's stock valued at $110,000 after purchasing an additional 10,892 shares during the period. Gabelli Funds LLC boosted its stake in Inspired Entertainment by 10.5% in the 2nd quarter. Gabelli Funds LLC now owns 169,000 shares of the company's stock worth $1,381,000 after purchasing an additional 16,000 shares in the last quarter. Finally, Brown Advisory Inc. increased its position in shares of Inspired Entertainment by 12.5% during the 2nd quarter. Brown Advisory Inc. now owns 529,771 shares of the company's stock valued at $4,328,000 after purchasing an additional 58,973 shares during the last quarter. 77.38% of the stock is currently owned by institutional investors and hedge funds.

Inspired Entertainment Stock Up 0.4%

INSE traded up $0.04 during trading on Monday, hitting $9.61. 86,087 shares of the company traded hands, compared to its average volume of 103,533. Inspired Entertainment has a one year low of $6.51 and a one year high of $11.61. The firm has a market cap of $258.70 million, a P/E ratio of 4.41 and a beta of 1.64. The stock's fifty day moving average is $9.05 and its 200 day moving average is $8.36.

Inspired Entertainment (NASDAQ:INSE - Get Free Report) last released its quarterly earnings results 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 company had revenue of $80.30 million during the quarter, compared to the consensus estimate of $75.23 million. Inspired Entertainment had a net margin of 21.05% and a negative return on equity of 281.67%. On average, equities research analysts forecast that Inspired Entertainment will post 0.3 EPS 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.