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 reiterated their neutral rating on shares of Inspired Entertainment (NASDAQ:INSE - Free Report) in a research note published on Thursday morning,Benzinga reports. Macquarie currently has a $10.00 target price on the stock.

Other research analysts have also recently issued reports about the company. Truist Financial reduced their price objective on Inspired Entertainment from $13.00 to $11.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. JMP Securities reduced their price objective on 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. Wall Street Zen lowered shares of Inspired Entertainment from a "buy" rating to a "hold" rating in a report on Friday, July 18th. BWS Financial started coverage on shares of Inspired Entertainment in a report on Monday, July 14th. They set a "buy" rating and a $20.00 target price for the company. Finally, Piper Sandler dropped their target price on shares of Inspired Entertainment from $13.00 to $11.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Inspired Entertainment has an average rating of "Buy" and a consensus target price of $14.00.

Inspired Entertainment Trading Down 0.6%

Shares of NASDAQ:INSE traded down $0.05 on Thursday, reaching $8.46. 216,985 shares of the company traded hands, compared to its average volume of 182,803. The business's 50-day simple moving average is $8.47 and its 200 day simple moving average is $8.66. Inspired Entertainment has a 52 week low of $6.51 and a 52 week high of $11.61. The stock has a market capitalization of $227.75 million, a P/E ratio of 3.88 and a beta of 1.62.

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

Institutional Trading of Inspired Entertainment

A number of institutional investors have recently modified their holdings of the company. Kanen Wealth Management LLC lifted its holdings in Inspired Entertainment by 19.1% in the second quarter. Kanen Wealth Management LLC now owns 2,389,007 shares of the company's stock worth $19,518,000 after buying an additional 382,990 shares during the period. CSM Advisors LLC purchased a new stake in Inspired Entertainment in the second quarter worth about $5,476,000. Geode Capital Management LLC lifted its holdings in Inspired Entertainment by 8.9% in the second quarter. Geode Capital Management LLC now owns 565,185 shares of the company's stock worth $4,619,000 after buying an additional 46,328 shares during the period. Brown Advisory Inc. lifted its holdings in Inspired Entertainment by 173.6% in the first quarter. Brown Advisory Inc. now owns 470,798 shares of the company's stock worth $4,021,000 after buying an additional 298,726 shares during the period. Finally, Gamco Investors INC. ET AL lifted its holdings in Inspired Entertainment by 1.0% in the first quarter. Gamco Investors INC. ET AL now owns 289,900 shares of the company's stock worth $2,476,000 after buying an additional 3,000 shares during the period. 77.38% of the stock is currently owned by hedge funds and other institutional investors.

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.