Inspired Entertainment, Inc. (NASDAQ:INSE - Get Free Report) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 498,000 shares, a growth of 11.4% from the February 29th total of 447,200 shares. Currently, 2.1% of the shares of the stock are short sold. Based on an average trading volume of 120,400 shares, the short-interest ratio is currently 4.1 days.
Inspired Entertainment Stock Performance
Shares of Inspired Entertainment stock traded up $0.13 during trading hours on Monday, hitting $9.99. The company's stock had a trading volume of 157,973 shares, compared to its average volume of 117,967. Inspired Entertainment has a 12-month low of $6.12 and a 12-month high of $16.01. The business has a 50 day moving average price of $9.42 and a two-hundred day moving average price of $9.58. The company has a market cap of $261.94 million, a PE ratio of 27.75 and a beta of 1.42.
Inspired Entertainment (NASDAQ:INSE - Get Free Report) last issued its earnings results 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 firm had revenue of $97.50 million for the quarter. As a group, research analysts anticipate that Inspired Entertainment will post 0.38 earnings per share for the current year.
Analysts Set New Price Targets
Separately, Macquarie downgraded Inspired Entertainment from an "outperform" rating to a "neutral" rating and lowered their price objective for the company from $16.00 to $10.00 in a research report on Wednesday, January 17th.
Check Out Our Latest Analysis on INSE
Institutional Investors Weigh In On Inspired Entertainment
Several large investors have recently made changes to their positions in INSE. JPMorgan Chase & Co. increased its holdings in shares of Inspired Entertainment by 7,216.2% in the first quarter. JPMorgan Chase & Co. now owns 27,070 shares of the company's stock worth $333,000 after purchasing an additional 26,700 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Inspired Entertainment in the first quarter worth about $123,000. Citigroup Inc. bought a new stake in Inspired Entertainment during the first quarter worth approximately $476,000. BlackRock Inc. increased its stake in Inspired Entertainment by 20.0% during the first quarter. BlackRock Inc. now owns 364,148 shares of the company's stock worth $4,479,000 after acquiring an additional 60,745 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Inspired Entertainment by 24.9% during the first quarter. Dimensional Fund Advisors LP now owns 189,216 shares of the company's stock worth $2,327,000 after acquiring an additional 37,698 shares during the last quarter. 77.38% of the stock is owned by institutional investors.
Inspired Entertainment Company Profile
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Get Free Report)
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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