Inspired Entertainment (NASDAQ:INSE) Now Covered by Analysts at B. Riley

B. Riley assumed coverage on shares of Inspired Entertainment (NASDAQ:INSE - Get Free Report) in a note issued to investors on Friday, MarketBeat.com reports. The brokerage set a "buy" rating and a $21.00 price target on the stock. B. Riley's price objective points to a potential upside of 111.69% from the stock's current price.

Separately, Macquarie cut Inspired Entertainment from an "outperform" rating to a "neutral" rating and dropped their price target for the company from $16.00 to $10.00 in a research note on Wednesday, January 17th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $17.25.

Inspired Entertainment Trading Up 3.9 %

Shares of Inspired Entertainment stock traded up $0.37 on Friday, reaching $9.92. 70,864 shares of the company were exchanged, compared to its average volume of 116,162. Inspired Entertainment has a one year low of $6.12 and a one year high of $16.01. The company has a market capitalization of $260.10 million, a price-to-earnings ratio of 27.56 and a beta of 1.42. The company has a 50-day moving average of $9.44 and a 200 day moving average of $9.54.

Inspired Entertainment (NASDAQ:INSE - Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.12 earnings per share (EPS) for the quarter. Inspired Entertainment had a negative return on equity of 16.61% and a net margin of 3.22%. The company had revenue of $97.50 million for the quarter. Analysts predict that Inspired Entertainment will post 0.38 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Cannell Capital LLC increased its position in Inspired Entertainment by 28.8% during the 3rd quarter. Cannell Capital LLC now owns 1,409,672 shares of the company's stock worth $16,860,000 after buying an additional 315,530 shares during the period. Clear Harbor Asset Management LLC grew its holdings in shares of Inspired Entertainment by 4.6% during the 4th quarter. Clear Harbor Asset Management LLC now owns 34,125 shares of the company's stock worth $337,000 after purchasing an additional 1,500 shares in the last quarter. Foundry Partners LLC grew its holdings in shares of Inspired Entertainment by 22.7% during the 3rd quarter. Foundry Partners LLC now owns 345,855 shares of the company's stock worth $4,136,000 after purchasing an additional 63,895 shares in the last quarter. Hudson Bay Capital Management LP grew its holdings in shares of Inspired Entertainment by 5.0% during the 3rd quarter. Hudson Bay Capital Management LP now owns 157,469 shares of the company's stock worth $1,883,000 after purchasing an additional 7,469 shares in the last quarter. Finally, Gamco Investors INC. ET AL grew its holdings in shares of Inspired Entertainment by 58.7% during the 3rd quarter. Gamco Investors INC. ET AL now owns 64,900 shares of the company's stock worth $776,000 after purchasing an additional 24,000 shares in the last quarter. 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.