Renaissance Technologies LLC increased its stake in shares of Inspired Entertainment, Inc. (NASDAQ:INSE - Free Report) by 193.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 95,000 shares of the company's stock after buying an additional 62,600 shares during the period. Renaissance Technologies LLC owned about 0.36% of Inspired Entertainment worth $860,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Barclays PLC grew its holdings in Inspired Entertainment by 314.1% in the third quarter. Barclays PLC now owns 31,321 shares of the company's stock valued at $291,000 after purchasing an additional 23,757 shares during the period. Geode Capital Management LLC increased 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 worth $4,835,000 after buying an additional 4,233 shares during the last quarter. SkyView Investment Advisors LLC raised its stake in shares of Inspired Entertainment by 4.4% in the 3rd quarter. SkyView Investment Advisors LLC now owns 27,674 shares of the company's stock valued at $257,000 after purchasing an additional 1,174 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Inspired Entertainment during the fourth quarter valued at approximately $97,000. Finally, Clarus Group Inc. boosted its holdings in Inspired Entertainment by 12.0% in the fourth quarter. Clarus Group Inc. now owns 14,019 shares of the company's stock worth $127,000 after purchasing an additional 1,500 shares during the period. Institutional investors and hedge funds own 77.38% of the company's stock.
Analyst Upgrades and Downgrades
INSE has been the topic of several analyst reports. Truist Financial lowered their target price on Inspired Entertainment from $13.00 to $11.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. New Street Research set a $21.00 target price on shares of Inspired Entertainment in a report on Friday, March 14th. B. Riley initiated coverage on Inspired Entertainment in a research note on Tuesday, April 8th. They issued a "buy" rating and a $13.00 price target on the stock. JMP Securities cut their target price on shares of Inspired Entertainment from $14.00 to $13.00 and set a "market outperform" rating on the stock in a research note on Thursday, April 17th. Finally, Piper Sandler dropped their target price on Inspired Entertainment from $13.00 to $11.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. One research analyst has rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $13.17.
Check Out Our Latest Analysis on INSE
Inspired Entertainment Stock Down 1.3 %
Shares of INSE opened at $7.31 on Friday. The business's fifty day moving average is $8.35 and its 200 day moving average is $9.19. Inspired Entertainment, Inc. has a 12-month low of $6.51 and a 12-month high of $11.61. The stock has a market cap of $196.68 million, a P/E ratio of -730.27 and a beta of 1.27.
Inspired Entertainment (NASDAQ:INSE - Get Free Report) last announced its quarterly earnings data on Monday, March 17th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.13). The company had revenue of $83.00 million during the quarter, compared to the consensus estimate of $79.19 million. Inspired Entertainment had a negative return on equity of 6.35% and a negative net margin of 0.10%. On average, analysts expect that Inspired Entertainment, Inc. will post 0.3 EPS for the current year.
About Inspired Entertainment
(
Free Report)
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.
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