Inspired Entertainment (NASDAQ:INSE) Coverage Initiated at BWS Financial

BWS Financial began coverage on shares of Inspired Entertainment (NASDAQ:INSE - Get Free Report) in a research note issued on Monday,Briefing.com Automated Import reports. The brokerage set a "buy" rating and a $20.00 price target on the stock. BWS Financial's target price would indicate a potential upside of 126.37% from the stock's previous close.

INSE has been the subject of a number of other research reports. Truist Financial cut 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. Piper Sandler dropped their price target 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, April 23rd. JMP Securities dropped their price target on shares of Inspired Entertainment from $13.00 to $12.00 and set a "market outperform" rating on the stock in a research note on Friday, May 9th. Finally, B. Riley started coverage on shares of Inspired Entertainment in a research note on Tuesday, April 8th. They set a "buy" rating and a $13.00 price target on the stock. One analyst has rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Inspired Entertainment presently has a consensus rating of "Buy" and an average target price of $14.00.

Inspired Entertainment Stock Performance

Shares of INSE traded down $0.04 on Monday, hitting $8.84. 10,440 shares of the stock traded hands, compared to its average volume of 124,505. The company has a market capitalization of $237.75 million, a PE ratio of 3.51 and a beta of 1.63. The business has a 50 day simple moving average of $8.02 and a 200 day simple moving average of $8.65. Inspired Entertainment has a one year low of $6.51 and a one year high of $11.61.

Hedge Funds Weigh In On Inspired Entertainment

Several hedge funds have recently added to or reduced their stakes in INSE. Millennium Management LLC boosted its position in Inspired Entertainment by 8.9% during the 4th quarter. Millennium Management LLC now owns 15,713 shares of the company's stock valued at $142,000 after acquiring an additional 1,287 shares in the last quarter. OneDigital Investment Advisors LLC boosted its position in shares of Inspired Entertainment by 3.5% in the 1st quarter. OneDigital Investment Advisors LLC now owns 40,436 shares of the company's stock worth $345,000 after purchasing an additional 1,378 shares in the last quarter. MetLife Investment Management LLC lifted its position in Inspired Entertainment by 28.7% during the 1st quarter. MetLife Investment Management LLC now owns 12,341 shares of the company's stock worth $105,000 after acquiring an additional 2,751 shares during the period. Gamco Investors INC. ET AL lifted its position in Inspired Entertainment by 1.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 289,900 shares of the company's stock worth $2,476,000 after acquiring an additional 3,000 shares during the period. Finally, Wells Fargo & Company MN lifted its position in Inspired Entertainment by 51.0% during the 4th 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 during the period. 77.38% of the stock is currently owned by institutional investors.

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.

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