Inspired Entertainment, Inc. (NASDAQ:INSE) Short Interest Update

Inspired Entertainment, Inc. (NASDAQ:INSE - Get Free Report) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 608,500 shares, a growth of 18.4% from the March 15th total of 514,000 shares. Based on an average daily volume of 153,200 shares, the short-interest ratio is presently 4.0 days. Approximately 2.5% of the shares of the stock are sold short.

Inspired Entertainment Price Performance

INSE stock traded down $0.19 on Friday, hitting $7.32. 83,936 shares of the company were exchanged, compared to its average volume of 117,703. The stock has a market capitalization of $196.94 million, a price-to-earnings ratio of -731.27 and a beta of 1.27. Inspired Entertainment has a twelve month low of $6.51 and a twelve month high of $11.61. The business's fifty day moving average is $8.64 and its two-hundred day moving average is $9.24.

Inspired Entertainment (NASDAQ:INSE - Get Free Report) last released its quarterly earnings data on Monday, March 17th. The company reported $0.16 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 analyst estimates of $79.19 million. Equities research analysts expect that Inspired Entertainment will post 0.3 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Piper Sandler lowered 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. 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 for the company. JMP Securities reduced 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 report on Thursday, April 17th. Truist Financial reduced 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 note on Wednesday. Finally, New Street Research set a $21.00 target price on shares of Inspired Entertainment in a research note on Friday, March 14th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $13.17.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of INSE. Kanen Wealth Management LLC raised its stake in shares of Inspired Entertainment by 50.9% in the 1st quarter. Kanen Wealth Management LLC now owns 2,006,017 shares of the company's stock valued at $18,929,000 after acquiring an additional 676,988 shares during the period. Primoris Wealth Advisors LLC acquired a new stake in Inspired Entertainment in the 4th quarter valued at $986,000. Renaissance Technologies LLC raised its position in Inspired Entertainment by 193.2% in the fourth quarter. Renaissance Technologies LLC now owns 95,000 shares of the company's stock valued at $860,000 after purchasing an additional 62,600 shares during the period. Foundry Partners LLC lifted its stake in shares of Inspired Entertainment by 10.3% during the fourth quarter. Foundry Partners LLC now owns 583,775 shares of the company's stock worth $5,283,000 after purchasing an additional 54,395 shares in the last quarter. Finally, Ancora Advisors LLC boosted its position in shares of Inspired Entertainment by 98.2% in the fourth quarter. Ancora Advisors LLC now owns 89,660 shares of the company's stock worth $811,000 after buying an additional 44,430 shares during the period. 77.38% of the stock is owned by institutional investors and hedge funds.

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.