Analysts Set Inspired Entertainment, Inc. (NASDAQ:INSE) Target Price at $13.00

Inspired Entertainment, Inc. (NASDAQ:INSE - Get Free Report) has been assigned an average recommendation of "Buy" from the six ratings firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $13.00.

INSE has been the subject of a number of research analyst reports. Piper Sandler dropped their price objective on Inspired Entertainment from $13.00 to $11.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Truist Financial decreased their price target on shares of Inspired Entertainment from $13.00 to $11.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. New Street Research set a $21.00 price target on shares of Inspired Entertainment in a research report on Friday, March 14th. JMP Securities decreased 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 report on Friday, May 9th. Finally, B. Riley started coverage on shares of Inspired Entertainment in a research report on Tuesday, April 8th. They set a "buy" rating and a $13.00 price target for the company.

Institutional Investors Weigh In On Inspired Entertainment

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. National Bank of Canada FI bought a new position in Inspired Entertainment in the 1st quarter valued at about $31,000. GAMMA Investing LLC raised its position in shares of 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 buying an additional 4,938 shares in the last quarter. Wells Fargo & Company MN lifted its stake 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 acquiring an additional 3,494 shares during the period. Oxford Asset Management LLP bought a new position in shares of Inspired Entertainment in the fourth quarter valued at approximately $96,000. Finally, MetLife Investment Management LLC boosted its holdings in shares of Inspired Entertainment by 28.7% in the first quarter. MetLife Investment Management LLC now owns 12,341 shares of the company's stock valued at $105,000 after acquiring an additional 2,751 shares in the last quarter. 77.38% of the stock is currently owned by institutional investors.

Inspired Entertainment Stock Down 4.4%

Shares of INSE stock traded down $0.34 on Friday, reaching $7.40. 144,808 shares of the stock were exchanged, compared to its average volume of 117,551. The stock has a market cap of $199.10 million, a P/E ratio of -739.26 and a beta of 1.65. The firm has a 50 day moving average of $7.74 and a two-hundred day moving average of $8.81. Inspired Entertainment has a 1-year low of $6.51 and a 1-year high of $11.61.

Inspired Entertainment (NASDAQ:INSE - Get Free Report) last released its quarterly earnings data on Monday, March 17th. The company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.13). The firm had revenue of $83.00 million for the quarter, compared to analyst estimates of $79.19 million. Inspired Entertainment had a negative return on equity of 6.35% and a negative net margin of 0.10%. On average, equities research analysts predict 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.