Inspired Entertainment's (INSE) Hold (C-) Rating Reaffirmed at Weiss Ratings

Key Points

• Inspired Entertainment's stock has been reaffirmed with a "hold (C-)" rating by Weiss Ratings, while BWS Financial maintains a "buy" rating with a price target of $20.00.
• The company's recent earnings report showed a loss of ($0.19) per share, falling short of expectations, but revenue of $80.30 million exceeded forecasts.
• Hedge funds and institutional investors hold 77.38% of Inspired Entertainment's stock, with notable increases in holdings by Bank of America and GAMMA Investing.

Inspired Entertainment (NASDAQ:INSE - Get Free Report)'s stock had its "hold (c-)" rating reaffirmed by stock analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Other analysts have also issued reports about the stock. BWS Financial reiterated a "buy" rating and set a $20.00 price target on shares of Inspired Entertainment in a research note on Monday, August 11th. Wall Street Zen lowered shares of Inspired Entertainment from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. Zacks Research upgraded shares of Inspired Entertainment from a "strong sell" rating to a "hold" rating in a research note on Friday, September 5th. Finally, Macquarie reiterated a "neutral" rating and set a $10.00 price target on shares of Inspired Entertainment in a research note on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, Inspired Entertainment presently has an average rating of "Moderate Buy" and an average target price of $14.00.

Inspired Entertainment Price Performance

Shares of INSE stock opened at $9.07 on Wednesday. The firm has a market cap of $244.16 million, a PE ratio of 4.16 and a beta of 1.58. The company has a 50-day moving average of $9.04 and a two-hundred day moving average of $8.42. 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 announced 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 company had revenue of $80.30 million for the quarter, compared to analysts' expectations of $75.23 million. Inspired Entertainment had a negative return on equity of 281.67% and a net margin of 21.05%. Sell-side analysts anticipate that Inspired Entertainment will post 0.3 EPS for the current fiscal year.

Hedge Funds Weigh In On Inspired Entertainment

Several hedge funds and other institutional investors have recently made changes to their positions in INSE. Bank of America Corp DE boosted its stake in shares of Inspired Entertainment by 37.1% in the 4th quarter. Bank of America Corp DE now owns 23,263 shares of the company's stock valued at $211,000 after buying an additional 6,293 shares during the period. Millennium Management LLC increased its holdings in shares of Inspired Entertainment by 8.9% in 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 during the last quarter. GAMMA Investing LLC increased its holdings in shares of Inspired Entertainment by 673.7% in the 1st quarter. GAMMA Investing LLC now owns 5,671 shares of the company's stock valued at $480,000 after acquiring an additional 4,938 shares during the last quarter. Kanen Wealth Management LLC increased its holdings 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 last quarter. Finally, OneDigital Investment Advisors LLC increased its holdings 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 valued at $345,000 after acquiring an additional 1,378 shares during the last quarter. Hedge funds and other institutional investors 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.

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