Brokerages Set Inspired Entertainment, Inc. (NASDAQ:INSE) PT at $13.00

Shares of Inspired Entertainment, Inc. (NASDAQ:INSE - Get Free Report) have been given a consensus recommendation of "Buy" by 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 issued a strong buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $13.00.

Several research firms have recently commented on INSE. Piper Sandler lowered their target price 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. Truist Financial lowered their target price 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. New Street Research set a $21.00 target price on Inspired Entertainment in a research note on Friday, March 14th. JMP Securities lowered their target price on Inspired Entertainment from $13.00 to $12.00 and set a "market outperform" rating for the company in a research note on Friday, May 9th. Finally, B. Riley began coverage on Inspired Entertainment in a research note on Tuesday, April 8th. They issued a "buy" rating and a $13.00 target price for the company.

Inspired Entertainment Stock Down 0.9%

INSE traded down $0.08 during trading on Wednesday, hitting $8.87. The company's stock had a trading volume of 189,077 shares, compared to its average volume of 125,330. The firm's 50 day moving average price is $7.99 and its two-hundred 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. The stock has a market capitalization of $238.69 million, a price-to-earnings ratio of 3.52 and a beta of 1.63.

Institutional Investors Weigh In On Inspired Entertainment

Institutional investors have recently made changes to their positions in the stock. Barclays PLC grew its stake in shares of Inspired Entertainment by 14.4% during the fourth quarter. Barclays PLC now owns 35,832 shares of the company's stock worth $325,000 after purchasing an additional 4,511 shares during the period. GAMMA Investing LLC lifted its holdings in Inspired Entertainment by 673.7% during the first quarter. GAMMA Investing LLC now owns 5,671 shares of the company's stock worth $480,000 after acquiring an additional 4,938 shares in the last quarter. Wells Fargo & Company MN lifted its holdings 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 acquiring an additional 3,494 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings 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 acquiring an additional 40,612 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in Inspired Entertainment by 4.7% during the fourth quarter. Northern Trust Corp now owns 202,014 shares of the company's stock worth $1,828,000 after acquiring an additional 9,079 shares in the last quarter. 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.