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

Inspired Entertainment, Inc. (NASDAQ:INSE - Get Free Report) has earned a consensus recommendation of "Buy" from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, three have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $13.00.

Several analysts have commented on the stock. New Street Research set a $21.00 price objective on shares of Inspired Entertainment in a research report on Friday, March 14th. Piper Sandler lowered their price objective on shares of Inspired Entertainment from $13.00 to $11.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. JMP Securities lowered their price objective on shares of Inspired Entertainment from $13.00 to $12.00 and set a "market outperform" rating on the stock in a research report on Friday, May 9th. B. Riley initiated coverage on shares of Inspired Entertainment in a research report on Tuesday, April 8th. They issued a "buy" rating and a $13.00 price target on the stock. Finally, Truist Financial lowered their price target on shares of Inspired Entertainment from $13.00 to $11.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd.

Inspired Entertainment Stock Performance

INSE stock traded down $0.20 during mid-day trading on Tuesday, hitting $7.76. The company had a trading volume of 132,766 shares, compared to its average volume of 117,078. The firm has a market cap of $208.78 million, a PE ratio of -775.22 and a beta of 1.66. Inspired Entertainment has a 12 month low of $6.51 and a 12 month high of $11.61. The stock's fifty day moving average price is $7.91 and its two-hundred day moving average price is $9.06.

Inspired Entertainment (NASDAQ:INSE - Get Free Report) last announced its quarterly earnings data on Monday, March 17th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.13). The company had revenue of $83.00 million during the quarter, compared to the consensus estimate of $79.19 million. Inspired Entertainment had a negative return on equity of 6.35% and a negative net margin of 0.10%. Equities analysts anticipate that Inspired Entertainment will post 0.3 earnings per share for the current year.

Institutional Trading of Inspired Entertainment

Hedge funds and other institutional investors have recently modified their holdings of the business. Barclays PLC raised its position in shares of Inspired Entertainment by 314.1% in the third quarter. Barclays PLC now owns 31,321 shares of the company's stock valued at $291,000 after purchasing an additional 23,757 shares during the period. Wells Fargo & Company MN grew its stake in Inspired Entertainment by 51.0% during the fourth quarter. Wells Fargo & Company MN now owns 10,350 shares of the company's stock valued at $94,000 after acquiring an additional 3,494 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Inspired Entertainment by 38.5% during the fourth quarter. Russell Investments Group Ltd. now owns 146,085 shares of the company's stock valued at $1,322,000 after acquiring an additional 40,612 shares in the last quarter. Renaissance Technologies LLC grew its stake in Inspired Entertainment by 193.2% during the fourth quarter. Renaissance Technologies LLC now owns 95,000 shares of the company's stock valued at $860,000 after acquiring an additional 62,600 shares in the last quarter. Finally, LPL Financial LLC purchased a new position in Inspired Entertainment during the fourth quarter valued at approximately $136,000. Institutional investors own 77.38% of the company's stock.

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.