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

Inspired Entertainment, Inc. (NASDAQ:INSE - Get Free Report) has received an average recommendation of "Buy" from the six analysts that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $13.00.

A number of equities research analysts have issued reports on INSE shares. B. Riley began coverage on Inspired Entertainment in a research report on Tuesday, April 8th. They set a "buy" rating and a $13.00 price objective on the stock. JMP Securities cut their target price on 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. Truist Financial decreased their price target on Inspired Entertainment from $13.00 to $11.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. New Street Research set a $21.00 price objective on shares of Inspired Entertainment in a research note on Friday, March 14th. Finally, Piper Sandler cut 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.

Inspired Entertainment Trading Up 2.5%

INSE traded up $0.22 during trading hours on Wednesday, hitting $8.95. The company's stock had a trading volume of 298,583 shares, compared to its average volume of 125,075. The stock has a market cap of $240.84 million, a price-to-earnings ratio of 3.55 and a beta of 1.63. The business's 50-day moving average price is $7.99 and its 200-day moving average price is $8.65. Inspired Entertainment has a 12 month low of $6.51 and a 12 month high of $11.61.

Hedge Funds Weigh In On Inspired Entertainment

A number of large investors have recently bought and sold shares of INSE. Kanen Wealth Management LLC lifted its position in shares of Inspired Entertainment by 50.9% during the first quarter. Kanen Wealth Management LLC now owns 2,006,017 shares of the company's stock worth $18,929,000 after purchasing an additional 676,988 shares during the last quarter. Brown Advisory Inc. lifted its holdings in Inspired Entertainment by 173.6% during the 1st quarter. Brown Advisory Inc. now owns 470,798 shares of the company's stock valued at $4,021,000 after buying an additional 298,726 shares in the last quarter. Primoris Wealth Advisors LLC purchased a new stake in Inspired Entertainment in the 4th quarter valued at about $986,000. Nuveen LLC bought a new position in Inspired Entertainment in the 1st quarter worth about $643,000. Finally, AMH Equity Ltd bought a new position in Inspired Entertainment in the 1st quarter worth about $632,000. Hedge funds and other institutional investors own 77.38% of the company's stock.

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.