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

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

A number of analysts have recently issued reports on INSE shares. New Street Research set a $21.00 price objective on shares of Inspired Entertainment in a report on Friday, March 14th. 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 report on Friday, May 9th. Truist Financial 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 report on Wednesday, April 23rd. B. Riley started coverage on shares of Inspired Entertainment in a report on Tuesday, April 8th. They issued a "buy" rating and a $13.00 price objective on the stock. Finally, 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 report on Wednesday, April 23rd.

Hedge Funds Weigh In On Inspired Entertainment

A number of institutional investors have recently added to or reduced their stakes in INSE. LPL Financial LLC acquired a new position in Inspired Entertainment during the fourth quarter worth $136,000. JPMorgan Chase & Co. increased its holdings in Inspired Entertainment by 203.1% during the fourth quarter. JPMorgan Chase & Co. now owns 29,742 shares of the company's stock worth $269,000 after buying an additional 19,928 shares during the last quarter. Foundry Partners LLC increased its holdings in Inspired Entertainment by 10.3% during the fourth quarter. Foundry Partners LLC now owns 583,775 shares of the company's stock worth $5,283,000 after buying an additional 54,395 shares during the last quarter. Wells Fargo & Company MN boosted its position in 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 period. Finally, Russell Investments Group Ltd. boosted its position in 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 currently owned by institutional investors and hedge funds.

Inspired Entertainment Price Performance

INSE traded up $0.01 during trading on Wednesday, reaching $8.73. The company had a trading volume of 242,495 shares, compared to its average volume of 124,068. Inspired Entertainment has a 12 month low of $6.51 and a 12 month high of $11.61. The business's fifty day moving average price is $7.93 and its 200 day moving average price is $8.65. The company has a market cap of $234.88 million, a P/E ratio of 3.46 and a beta of 1.63.

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.