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

Inspired Entertainment, Inc. (NASDAQ:INSE - Get Free Report) has been given a consensus recommendation of "Buy" by the six ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $13.00.

Several brokerages have recently weighed in on INSE. Piper Sandler cut their target price on Inspired Entertainment from $13.00 to $11.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. New Street Research set a $21.00 target price on shares of Inspired Entertainment in a research report on Friday, March 14th. JMP Securities cut their price target on shares of Inspired Entertainment from $13.00 to $12.00 and set a "market outperform" rating on the stock in a research note on Friday, May 9th. Truist Financial decreased their price objective on shares of Inspired Entertainment from $13.00 to $11.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Finally, B. Riley began coverage on Inspired Entertainment in a research report on Tuesday, April 8th. They set a "buy" rating and a $13.00 target price on the stock.

Institutional Investors Weigh In On Inspired Entertainment

A number of institutional investors and hedge funds have recently made changes to their positions in the business. LPL Financial LLC acquired a new position in Inspired Entertainment in the 4th quarter valued at about $136,000. JPMorgan Chase & Co. increased its holdings in shares of Inspired Entertainment by 203.1% in the fourth 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. Foundry Partners LLC increased its holdings in shares of Inspired Entertainment by 10.3% in the fourth quarter. Foundry Partners LLC now owns 583,775 shares of the company's stock valued at $5,283,000 after purchasing an additional 54,395 shares during the period. Wells Fargo & Company MN raised its stake 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 purchasing an additional 3,494 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Inspired Entertainment by 38.5% during the fourth quarter. Russell Investments Group Ltd. now owns 146,085 shares of the company's stock worth $1,322,000 after purchasing an additional 40,612 shares during the period. 77.38% of the stock is owned by hedge funds and other institutional investors.

Inspired Entertainment Stock Performance

Shares of Inspired Entertainment stock remained flat at $7.49 on Friday. The stock had a trading volume of 102,756 shares, compared to its average volume of 117,962. The stock's fifty day moving average is $7.75 and its 200 day moving average is $8.77. Inspired Entertainment has a 1-year low of $6.51 and a 1-year high of $11.61. The company has a market capitalization of $201.56 million, a P/E ratio of 2.97 and a beta of 1.65.

Inspired Entertainment (NASDAQ:INSE - Get Free Report) last posted its quarterly earnings results on Monday, March 17th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.13). Inspired Entertainment had a negative return on equity of 181.89% and a net margin of 24.68%. The firm had revenue of $83.00 million for the quarter, compared to analyst estimates of $79.19 million. On average, equities research analysts expect that Inspired Entertainment will post 0.3 EPS for the current year.

Inspired Entertainment Company Profile

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.