Inspired Entertainment's (INSE) Buy Rating Reiterated at BWS Financial

Key Points

• BWS Financial has reiterated its "buy" rating for Inspired Entertainment (NASDAQ:INSE) with a price target of $20.00, indicating a potential upside of 138.10% from the current price.
• Inspired Entertainment's recent earnings report showed a loss of ($0.19) earnings per share, missing analysts' estimates, despite revenue of $80.30 million exceeding expectations.
• The stock has a consensus rating of "Buy" from analysts, with a consensus target price of $14.00, while the current trading price is around $8.40.

BWS Financial reaffirmed their buy rating on shares of Inspired Entertainment (NASDAQ:INSE - Free Report) in a report published on Monday morning,Benzinga reports. BWS Financial currently has a $20.00 price objective on the stock.

Several other research firms have also weighed in on INSE. JMP Securities dropped their price objective 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. Macquarie restated a "neutral" rating and issued a $10.00 price target on shares of Inspired Entertainment in a research note on Thursday, August 7th. Wall Street Zen lowered shares of Inspired Entertainment from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. Truist Financial lowered 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, April 23rd. Finally, Piper Sandler lowered 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, April 23rd. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $14.00.

Inspired Entertainment Stock Performance

Shares of INSE stock traded down $0.01 during trading hours on Monday, hitting $8.32. 121,959 shares of the company were exchanged, compared to its average volume of 142,248. Inspired Entertainment has a one year low of $6.51 and a one year high of $11.61. The business's 50-day simple moving average is $8.52 and its two-hundred day simple moving average is $8.63. The stock has a market capitalization of $223.97 million, a price-to-earnings ratio of 3.82 and a beta of 1.62.

Inspired Entertainment (NASDAQ:INSE - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.17). The business had revenue of $80.30 million for the quarter, compared to analyst estimates of $75.23 million. Inspired Entertainment had a negative return on equity of 281.67% and a net margin of 21.05%. As a group, analysts anticipate that Inspired Entertainment will post 0.3 EPS for the current fiscal year.

Institutional Investors Weigh In On Inspired Entertainment

A number of institutional investors have recently modified their holdings of INSE. National Bank of Canada FI bought a new position in shares of Inspired Entertainment during the 1st quarter valued at $31,000. Wells Fargo & Company MN grew its position in Inspired Entertainment by 51.0% in the 4th quarter. Wells Fargo & Company MN now owns 10,350 shares of the company's stock worth $94,000 after purchasing an additional 3,494 shares during the last quarter. Oxford Asset Management LLP acquired a new stake in Inspired Entertainment in the 4th quarter worth $96,000. MetLife Investment Management LLC boosted its position in shares of Inspired Entertainment by 28.7% during the 1st quarter. MetLife Investment Management LLC now owns 12,341 shares of the company's stock valued at $105,000 after acquiring an additional 2,751 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of Inspired Entertainment by 428.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 13,437 shares of the company's stock valued at $110,000 after acquiring an additional 10,892 shares in the last quarter. Institutional investors and hedge funds own 77.38% of the company's stock.

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.