Inspired Entertainment (NASDAQ:INSE) Given Buy Rating at BWS Financial

Inspired Entertainment (NASDAQ:INSE)‘s stock had its “buy” rating restated by BWS Financial in a research note issued on Monday,Benzinga reports. They presently have a $20.00 target price on the stock. BWS Financial’s price objective suggests a potential upside of 130.95% from the company’s previous close.

INSE has been the topic of several other research reports. Wall Street Zen cut Inspired Entertainment from a “buy” rating to a “hold” rating in a research report on Friday, July 18th. Piper Sandler lowered their target price 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. Truist Financial reduced their price target on shares of Inspired Entertainment from $13.00 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. JMP Securities decreased their price objective on shares of Inspired Entertainment from $13.00 to $12.00 and set a “market outperform” rating for the company in a report on Friday, May 9th. Finally, Macquarie reiterated a “neutral” rating and issued a $10.00 target price on shares of Inspired Entertainment in a research note on Thursday, August 7th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Inspired Entertainment presently has a consensus rating of “Buy” and an average price target of $14.00.

Inspired Entertainment Price Performance

NASDAQ INSE opened at $8.66 on Monday. The company has a fifty day moving average price of $8.49 and a 200-day moving average price of $8.64. The firm has a market cap of $233.14 million, a price-to-earnings ratio of 3.97 and a beta of 1.62. Inspired Entertainment has a 1 year low of $6.51 and a 1 year high of $11.61.

Inspired Entertainment (NASDAQ:INSE) last issued 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 negative return on equity of 281.67% and a net margin of 21.05%. The firm had revenue of $80.30 million during the quarter, compared to the consensus estimate of $75.23 million. On average, research analysts anticipate that Inspired Entertainment will post 0.3 EPS for the current fiscal year.

Institutional Investors Weigh In On Inspired Entertainment

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kanen Wealth Management LLC lifted its position in shares of Inspired Entertainment by 19.1% during the second quarter. Kanen Wealth Management LLC now owns 2,389,007 shares of the company’s stock worth $19,518,000 after acquiring an additional 382,990 shares in the last quarter. CSM Advisors LLC bought a new stake in shares of Inspired Entertainment during the 2nd quarter valued at $5,476,000. Geode Capital Management LLC raised its stake in shares of Inspired Entertainment by 8.9% during the 2nd quarter. Geode Capital Management LLC now owns 565,185 shares of the company’s stock valued at $4,619,000 after purchasing an additional 46,328 shares during the period. Brown Advisory Inc. lifted its holdings in Inspired Entertainment by 173.6% during the 1st quarter. Brown Advisory Inc. now owns 470,798 shares of the company’s stock worth $4,021,000 after purchasing an additional 298,726 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its stake in Inspired Entertainment by 1.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 289,900 shares of the company’s stock worth $2,476,000 after purchasing an additional 3,000 shares during the period. 77.38% of the stock is currently owned by institutional investors.

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.