Inspired Entertainment's (INSE) "Buy" Rating Reaffirmed 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 reiterated their buy rating on shares of Inspired Entertainment (NASDAQ:INSE - Free Report) in a research report sent to investors on Monday morning,Benzinga reports. They currently have a $20.00 price objective on the stock.

A number of other analysts also recently commented on INSE. Piper Sandler decreased their price objective on shares of Inspired Entertainment from $13.00 to $11.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Truist Financial decreased their price objective on shares of Inspired Entertainment from $13.00 to $11.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Macquarie reissued a "neutral" rating and set a $10.00 price objective on shares of Inspired Entertainment in a report on Thursday, August 7th. Wall Street Zen downgraded shares of Inspired Entertainment from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Finally, JMP Securities decreased 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 report on Friday, May 9th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $14.00.

Inspired Entertainment Trading Down 1.9%

Shares of NASDAQ:INSE traded down $0.16 during midday trading on Monday, hitting $8.46. The stock had a trading volume of 16,346 shares, compared to its average volume of 150,880. The company has a market capitalization of $227.74 million, a PE ratio of 3.88 and a beta of 1.62. The stock has a 50 day moving average price of $8.50 and a two-hundred day moving average price of $8.64. Inspired Entertainment has a 1 year low of $6.51 and a 1 year high of $11.61.

Inspired Entertainment (NASDAQ:INSE - Get Free Report) last issued its earnings results 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 firm had revenue of $80.30 million during the quarter, compared to analysts' expectations of $75.23 million. Inspired Entertainment had a net margin of 21.05% and a negative return on equity of 281.67%. As a group, equities analysts expect that Inspired Entertainment will post 0.3 EPS for the current year.

Hedge Funds Weigh In On Inspired Entertainment

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INSE. Kanen Wealth Management LLC raised its position in Inspired Entertainment by 50.9% during the first quarter. Kanen Wealth Management LLC now owns 2,006,017 shares of the company's stock worth $18,929,000 after acquiring an additional 676,988 shares during the last quarter. CSM Advisors LLC acquired a new position in Inspired Entertainment during the second quarter worth about $5,476,000. Brown Advisory Inc. raised its position in Inspired Entertainment by 173.6% during the first quarter. Brown Advisory Inc. now owns 470,798 shares of the company's stock worth $4,021,000 after acquiring an additional 298,726 shares during the last quarter. Marshall Wace LLP raised its position in Inspired Entertainment by 233.7% during the second quarter. Marshall Wace LLP now owns 208,062 shares of the company's stock worth $1,700,000 after acquiring an additional 145,720 shares during the last quarter. Finally, Samjo Management LLC raised its position in Inspired Entertainment by 5.7% during the second quarter. Samjo Management LLC now owns 2,077,510 shares of the company's stock worth $16,973,000 after acquiring an additional 111,900 shares during 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.