Renaissance Technologies LLC Has $860,000 Stake in Inspired Entertainment, Inc. (NASDAQ:INSE)

Renaissance Technologies LLC increased its position in Inspired Entertainment, Inc. (NASDAQ:INSE - Free Report) by 193.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 95,000 shares of the company's stock after acquiring an additional 62,600 shares during the quarter. Renaissance Technologies LLC owned about 0.36% of Inspired Entertainment worth $860,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Barclays PLC increased its stake in Inspired Entertainment by 314.1% during the third quarter. Barclays PLC now owns 31,321 shares of the company's stock valued at $291,000 after acquiring an additional 23,757 shares during the period. Geode Capital Management LLC raised its stake in shares of Inspired Entertainment by 0.8% in the third quarter. Geode Capital Management LLC now owns 521,451 shares of the company's stock valued at $4,835,000 after purchasing an additional 4,233 shares in the last quarter. SkyView Investment Advisors LLC lifted its position in Inspired Entertainment by 4.4% in the third quarter. SkyView Investment Advisors LLC now owns 27,674 shares of the company's stock worth $257,000 after purchasing an additional 1,174 shares during the period. SG Americas Securities LLC acquired a new stake in Inspired Entertainment during the fourth quarter worth $97,000. Finally, Clarus Group Inc. increased its holdings in Inspired Entertainment by 12.0% in the 4th quarter. Clarus Group Inc. now owns 14,019 shares of the company's stock valued at $127,000 after buying an additional 1,500 shares during the period. Institutional investors own 77.38% of the company's stock.

Inspired Entertainment Stock Down 1.0 %

Shares of NASDAQ INSE traded down $0.08 during midday trading on Wednesday, hitting $7.44. 91,776 shares of the company's stock were exchanged, compared to its average volume of 119,450. The firm has a market capitalization of $200.04 million, a PE ratio of -742.76 and a beta of 1.66. Inspired Entertainment, Inc. has a 12 month low of $6.51 and a 12 month high of $11.61. The company's 50 day moving average price is $8.08 and its 200 day moving average price is $9.15.

Inspired Entertainment (NASDAQ:INSE - Get Free Report) last issued its quarterly earnings data on Monday, March 17th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.13). Inspired Entertainment had a negative return on equity of 6.35% and a negative net margin of 0.10%. The firm had revenue of $83.00 million for the quarter, compared to the consensus estimate of $79.19 million. On average, equities research analysts anticipate that Inspired Entertainment, Inc. will post 0.3 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on INSE shares. Truist Financial lowered their price objective on Inspired Entertainment from $13.00 to $11.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. New Street Research set a $21.00 target price on shares of Inspired Entertainment in a research note on Friday, March 14th. Piper Sandler dropped their target price 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. JMP Securities reduced their price target on shares of Inspired Entertainment from $14.00 to $13.00 and set a "market outperform" rating on the stock in a research report on Thursday, April 17th. Finally, B. Riley assumed coverage on shares of Inspired Entertainment in a report on Tuesday, April 8th. They set a "buy" rating and a $13.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Inspired Entertainment has a consensus rating of "Buy" and an average price target of $13.17.

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.