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

Key Points

• Inspired Entertainment, Inc. has received a consensus recommendation of "Buy" from analysts, with ratings including four "buy" and two "strong buy" recommendations, and an average twelve-month price target of $14.00.
• Shares of Inspired Entertainment opened at $8.75, with a market cap of $235.46 million, a P/E ratio of 3.47, and a 52-week high of $11.61.
• Recent institutional trading includes significant stake increases from several firms, with hedge funds and other institutional investors now owning 77.38% of the company's stock.

Inspired Entertainment, Inc. (NASDAQ:INSE - Get Free Report) has received a consensus recommendation of "Buy" from the seven brokerages that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $14.00.

INSE has been the subject of a number of research analyst reports. BWS Financial initiated coverage on Inspired Entertainment in a research report on Monday, July 14th. They set a "buy" rating and a $20.00 price target for the company. Truist Financial dropped their price target on Inspired Entertainment from $13.00 to $11.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. JMP Securities dropped 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. Wall Street Zen downgraded Inspired Entertainment from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Finally, Piper Sandler dropped their target price on Inspired Entertainment from $13.00 to $11.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd.

Institutional Trading of Inspired Entertainment

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Simon Quick Advisors LLC lifted its position in Inspired Entertainment by 4.6% in the second quarter. Simon Quick Advisors LLC now owns 26,269 shares of the company's stock valued at $215,000 after purchasing an additional 1,152 shares during the last quarter. Millennium Management LLC increased its stake in shares of Inspired Entertainment by 8.9% during the fourth quarter. Millennium Management LLC now owns 15,713 shares of the company's stock valued at $142,000 after buying an additional 1,287 shares during the period. OneDigital Investment Advisors LLC increased its stake in shares of Inspired Entertainment by 3.5% during the first quarter. OneDigital Investment Advisors LLC now owns 40,436 shares of the company's stock valued at $345,000 after buying an additional 1,378 shares during the period. MetLife Investment Management LLC increased its stake in shares of Inspired Entertainment by 28.7% during the first quarter. MetLife Investment Management LLC now owns 12,341 shares of the company's stock valued at $105,000 after buying an additional 2,751 shares during the period. Finally, Gamco Investors INC. ET AL increased its stake in shares of Inspired Entertainment by 1.0% during the first quarter. Gamco Investors INC. ET AL now owns 289,900 shares of the company's stock valued at $2,476,000 after buying an additional 3,000 shares during the period. Institutional investors own 77.38% of the company's stock.

Inspired Entertainment Price Performance

INSE stock traded up $0.15 during mid-day trading on Friday, reaching $8.43. 120,026 shares of the company traded hands, compared to its average volume of 151,065. The company has a market capitalization of $226.85 million, a P/E ratio of 3.35 and a beta of 1.62. Inspired Entertainment has a 52-week low of $6.51 and a 52-week high of $11.61. The company has a fifty day moving average price of $8.45 and a 200-day moving average price of $8.68.

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.