JMP Securities Reiterates “Market Outperform” Rating for Inspired Entertainment (NASDAQ:INSE)

Inspired Entertainment (NASDAQ:INSE)‘s stock had its “market outperform” rating restated by investment analysts at JMP Securities in a report issued on Monday,Benzinga reports. They presently have a $14.00 price target on the stock. JMP Securities’ price target would indicate a potential upside of 47.85% from the company’s current price.

Separately, Craig Hallum raised Inspired Entertainment to a “strong-buy” rating in a research report on Thursday, October 17th.

Inspired Entertainment Stock Performance

Shares of INSE traded up $0.02 during mid-day trading on Monday, reaching $9.47. The stock had a trading volume of 25,301 shares, compared to its average volume of 95,350. Inspired Entertainment has a 12 month low of $7.51 and a 12 month high of $11.00. The business has a fifty day moving average of $9.28 and a 200 day moving average of $9.17. The firm has a market cap of $251.69 million, a price-to-earnings ratio of -941.26 and a beta of 1.40.

Inspired Entertainment (NASDAQ:INSE) last announced its earnings results on Thursday, November 7th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.10). Inspired Entertainment had a negative return on equity of 6.35% and a negative net margin of 0.10%. The company had revenue of $78.00 million during the quarter, compared to analysts’ expectations of $80.30 million. During the same quarter last year, the firm posted $0.12 EPS. On average, research analysts forecast that Inspired Entertainment will post 0.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Private Management Group Inc. lifted its stake in Inspired Entertainment by 35.5% in the third quarter. Private Management Group Inc. now owns 1,633,593 shares of the company’s stock valued at $15,143,000 after buying an additional 428,312 shares during the last quarter. Foundry Partners LLC lifted its position in shares of Inspired Entertainment by 12.8% during the 3rd quarter. Foundry Partners LLC now owns 529,380 shares of the company’s stock valued at $4,907,000 after acquiring an additional 59,915 shares during the period. Geode Capital Management LLC boosted its position in Inspired Entertainment by 0.8% during the third quarter. Geode Capital Management LLC now owns 521,451 shares of the company’s stock worth $4,835,000 after purchasing an additional 4,233 shares in the last quarter. State Street Corp grew its holdings in Inspired Entertainment by 0.7% in the third quarter. State Street Corp now owns 405,625 shares of the company’s stock valued at $3,760,000 after purchasing an additional 2,675 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Inspired Entertainment by 104.0% in the second quarter. Renaissance Technologies LLC now owns 71,600 shares of the company’s stock valued at $655,000 after buying an additional 36,500 shares in the last quarter. 77.38% of the stock is owned by institutional investors and hedge funds.

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.