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

Inspired Entertainment, Inc. (NASDAQ:INSE - Get Free Report) has earned an average rating of "Buy" from the six ratings firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $13.00.

A number of brokerages have weighed in on INSE. Piper Sandler lowered their price objective on Inspired Entertainment from $13.00 to $11.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. B. Riley initiated 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. New Street Research set a $21.00 price target on shares of Inspired Entertainment in a research note on Friday, March 14th. JMP Securities reduced 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 note on Friday, May 9th. Finally, 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 report on Wednesday, April 23rd.

Inspired Entertainment Price Performance

INSE traded down $0.20 during trading hours on Tuesday, reaching $7.56. 91,166 shares of the stock traded hands, compared to its average volume of 116,826. Inspired Entertainment has a fifty-two week low of $6.51 and a fifty-two week high of $11.61. The company has a market cap of $203.40 million, a price-to-earnings ratio of -755.24 and a beta of 1.66. The firm's fifty day simple moving average is $7.89 and its two-hundred day simple moving average is $9.03.

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

Institutional Investors Weigh In On Inspired Entertainment

Several institutional investors and hedge funds have recently made changes to their positions in INSE. Barclays PLC boosted its holdings in Inspired Entertainment by 314.1% in the third quarter. Barclays PLC now owns 31,321 shares of the company's stock worth $291,000 after purchasing an additional 23,757 shares during the period. Wells Fargo & Company MN lifted 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. Russell Investments Group Ltd. boosted its holdings in shares of Inspired Entertainment by 38.5% in the 4th quarter. Russell Investments Group Ltd. now owns 146,085 shares of the company's stock valued at $1,322,000 after buying an additional 40,612 shares during the period. Renaissance Technologies LLC grew its position in shares of Inspired Entertainment by 193.2% during the 4th quarter. Renaissance Technologies LLC now owns 95,000 shares of the company's stock valued at $860,000 after buying an additional 62,600 shares during the last quarter. Finally, LPL Financial LLC bought a new stake in shares of Inspired Entertainment during the 4th quarter valued at about $136,000. 77.38% of the stock is owned by institutional investors and hedge funds.

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.