Macquarie Reaffirms "Neutral" Rating for Inspired Entertainment (NASDAQ:INSE)

Key Points

• Macquarie has reaffirmed a "neutral" rating for Inspired Entertainment (INSE) with a price target of $10.00, indicating a potential upside of 17.51% from the current stock price.
• Institutional investors now hold 77.38% of the company’s stock, with notable recent increases in stakes by firms such as Wells Fargo and MetLife.
• The average rating for Inspired Entertainment from analysts is a "Buy" with an average target price of $14.00.

Macquarie restated their neutral rating on shares of Inspired Entertainment (NASDAQ:INSE - Free Report) in a research report released on Thursday,Benzinga reports. Macquarie currently has a $10.00 price objective on the stock.

A number of other research firms have also recently commented on INSE. Piper Sandler cut their price target 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. JMP Securities decreased their target price on Inspired Entertainment from $13.00 to $12.00 and set a "market outperform" rating on the stock in a research report on Friday, May 9th. Truist Financial reduced 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. BWS Financial assumed coverage on Inspired Entertainment in a research report on Monday, July 14th. They set a "buy" rating and a $20.00 price objective for the company. Finally, Wall Street Zen cut Inspired Entertainment from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company's stock. 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 Trading Down 2.1%

Shares of NASDAQ:INSE traded down $0.18 on Thursday, hitting $8.29. The company had a trading volume of 29,428 shares, compared to its average volume of 151,130. The stock has a 50 day moving average price of $8.47 and a 200 day moving average price of $8.65. Inspired Entertainment has a 1-year low of $6.51 and a 1-year high of $11.61. The stock has a market cap of $223.03 million, a price-to-earnings ratio of 3.82 and a beta of 1.62.

Inspired Entertainment (NASDAQ:INSE - Get Free Report) last issued 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 company had revenue of $80.30 million for the quarter, compared to the consensus estimate of $75.23 million. Inspired Entertainment had a net margin of 21.05% and a negative return on equity of 281.67%. Sell-side analysts anticipate that Inspired Entertainment will post 0.3 earnings per share for the current fiscal year.

Institutional Trading of Inspired Entertainment

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. National Bank of Canada FI acquired a new position in Inspired Entertainment during the first quarter worth about $31,000. Wells Fargo & Company MN increased 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 valued at $94,000 after purchasing an additional 3,494 shares in the last quarter. Oxford Asset Management LLP acquired a new stake in Inspired Entertainment in the 4th quarter valued at about $96,000. MetLife Investment Management LLC boosted its stake 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 worth $105,000 after purchasing an additional 2,751 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Inspired Entertainment during the 1st quarter worth about $123,000. 77.38% of the stock is currently owned by institutional investors.

Inspired Entertainment Company Profile

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.