Inspired Entertainment (NASDAQ:INSE) Rating Lowered to "Hold" at Wall Street Zen

Inspired Entertainment (NASDAQ:INSE - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Friday.

INSE has been the subject of several other reports. BWS Financial started coverage on Inspired Entertainment in a research note on Monday, July 14th. They set a "buy" rating and a $20.00 price objective for the company. B. Riley started coverage on Inspired Entertainment in a research note on Tuesday, April 8th. They set a "buy" rating and a $13.00 price objective for the company. JMP Securities reduced their price objective on Inspired Entertainment from $13.00 to $12.00 and set a "market outperform" rating for the company in a research note on Friday, May 9th. Truist Financial cut their target price on Inspired Entertainment from $13.00 to $11.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Finally, Piper Sandler cut their target price on Inspired Entertainment from $13.00 to $11.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Two analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $14.00.

Inspired Entertainment Stock Down 2.2%

INSE traded down $0.21 on Friday, hitting $9.48. 132,327 shares of the company traded hands, compared to its average volume of 127,332. The company has a 50 day moving average of $8.18 and a 200-day moving average of $8.66. The stock has a market capitalization of $255.11 million, a PE ratio of 3.76 and a beta of 1.63. Inspired Entertainment has a 12-month low of $6.51 and a 12-month high of $11.61.

Institutional Investors Weigh In On Inspired Entertainment

Institutional investors and hedge funds have recently modified their holdings of the company. National Bank of Canada FI acquired a new stake in shares of Inspired Entertainment in the 1st quarter worth approximately $31,000. Wells Fargo & Company MN grew its holdings in shares of 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 acquiring an additional 3,494 shares during the period. Oxford Asset Management LLP acquired a new stake in shares of Inspired Entertainment in the 4th quarter worth approximately $96,000. MetLife Investment Management LLC grew its holdings in shares of Inspired Entertainment by 28.7% in 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. Finally, Jane Street Group LLC acquired a new stake in Inspired Entertainment during the 1st quarter valued at $123,000. 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.