Inspired Entertainment (NASDAQ:INSE) Stock Rating Reaffirmed by JMP Securities

JMP Securities restated their market outperform rating on shares of Inspired Entertainment (NASDAQ:INSE - Free Report) in a report released on Tuesday, Benzinga reports. The brokerage currently has a $15.00 price target on the stock.

INSE has been the subject of a number of other reports. Macquarie lowered shares of Inspired Entertainment from an outperform rating to a neutral rating and lowered their price objective for the stock from $16.00 to $10.00 in a research note on Wednesday, January 17th. B. Riley started coverage on shares of Inspired Entertainment in a research report on Friday, April 5th. They set a buy rating and a $21.00 price target for the company. 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.com, Inspired Entertainment has an average rating of Moderate Buy and a consensus price target of $16.25.

Inspired Entertainment Stock Up 1.4 %

NASDAQ:INSE traded up $0.13 during mid-day trading on Tuesday, reaching $9.20. The company's stock had a trading volume of 94,278 shares, compared to its average volume of 117,676. Inspired Entertainment has a 1 year low of $6.12 and a 1 year high of $16.01. The stock has a fifty day moving average of $9.48 and a 200-day moving average of $9.41. The firm has a market capitalization of $241.22 million, a PE ratio of 25.56 and a beta of 1.42.

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

Institutional Trading of Inspired Entertainment

Several hedge funds have recently modified their holdings of INSE. JPMorgan Chase & Co. increased its holdings in shares of Inspired Entertainment by 7,216.2% during the first quarter. JPMorgan Chase & Co. now owns 27,070 shares of the company's stock valued at $333,000 after acquiring an additional 26,700 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Inspired Entertainment during the first quarter valued at about $123,000. Citigroup Inc. acquired a new position in shares of Inspired Entertainment during the first quarter valued at about $476,000. BlackRock Inc. increased its holdings in shares of Inspired Entertainment by 20.0% during the first quarter. BlackRock Inc. now owns 364,148 shares of the company's stock valued at $4,479,000 after acquiring an additional 60,745 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Inspired Entertainment by 24.9% during the first quarter. Dimensional Fund Advisors LP now owns 189,216 shares of the company's stock valued at $2,327,000 after acquiring an additional 37,698 shares in the last quarter. 77.38% of the stock is 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.