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

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

A number of research firms have issued reports on INSE. JMP Securities lowered their price target on 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. New Street Research set a $21.00 target price on Inspired Entertainment in a report on Friday, March 14th. B. Riley assumed coverage on shares of Inspired Entertainment in a research report on Tuesday, April 8th. They set a "buy" rating and a $13.00 target price for the company. Piper Sandler reduced 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. Finally, Truist Financial dropped 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 report on Wednesday, April 23rd.

Hedge Funds Weigh In On Inspired Entertainment

Institutional investors and hedge funds have recently bought and sold shares of the stock. National Bank of Canada FI acquired a new stake in shares of Inspired Entertainment during the first quarter valued at about $31,000. GAMMA Investing LLC boosted its holdings in Inspired Entertainment by 673.7% in the first quarter. GAMMA Investing LLC now owns 5,671 shares of the company's stock valued at $480,000 after purchasing an additional 4,938 shares during the last quarter. Wells Fargo & Company MN grew its stake in Inspired Entertainment by 51.0% during the 4th quarter. Wells Fargo & Company MN now owns 10,350 shares of the company's stock valued at $94,000 after purchasing an additional 3,494 shares in the last quarter. Oxford Asset Management LLP acquired a new stake in Inspired Entertainment during the 4th quarter valued at approximately $96,000. Finally, MetLife Investment Management LLC increased its holdings in Inspired Entertainment by 28.7% during the 1st quarter. MetLife Investment Management LLC now owns 12,341 shares of the company's stock worth $105,000 after purchasing an additional 2,751 shares during the last quarter. Hedge funds and other institutional investors own 77.38% of the company's stock.

Inspired Entertainment Stock Up 1.3%

Shares of INSE stock traded up $0.12 on Wednesday, reaching $8.85. 57,529 shares of the stock were exchanged, compared to its average volume of 124,096. The stock has a market cap of $238.02 million, a P/E ratio of 3.51 and a beta of 1.63. The firm has a 50 day moving average of $7.96 and a two-hundred day moving average of $8.65. Inspired Entertainment has a 1-year low of $6.51 and a 1-year high of $11.61.

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.