Inspired Entertainment, Inc. (NASDAQ:INSE) Receives $14.00 Average Target Price from Analysts

Inspired Entertainment, Inc. (NASDAQ:INSE) has earned an average recommendation of “Buy” from the eight brokerages that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $14.00.

A number of analysts have commented on the stock. Wall Street Zen lowered shares of Inspired Entertainment from a “buy” rating to a “hold” rating in a research note on Friday, July 18th. Macquarie reaffirmed a “neutral” rating and set a $10.00 price objective on shares of Inspired Entertainment in a research note on Thursday, August 7th. BWS Financial reaffirmed a “buy” rating and set a $20.00 price objective on shares of Inspired Entertainment in a research note on Monday, August 11th. Finally, Zacks Research raised shares of Inspired Entertainment from a “strong sell” rating to a “hold” rating in a research note on Friday, September 5th.

Hedge Funds Weigh In On Inspired Entertainment

A number of hedge funds have recently added to or reduced their stakes in INSE. SkyView Investment Advisors LLC boosted its position in Inspired Entertainment by 3.7% during the second quarter. SkyView Investment Advisors LLC now owns 68,884 shares of the company’s stock worth $551,000 after purchasing an additional 2,477 shares during the period. Man Group plc acquired a new stake in shares of Inspired Entertainment in the second quarter valued at $174,000. BNP Paribas Financial Markets increased its position in Inspired Entertainment by 428.0% in the second quarter. BNP Paribas Financial Markets now owns 13,437 shares of the company’s stock worth $110,000 after purchasing an additional 10,892 shares during the period. Gabelli Funds LLC increased its position in Inspired Entertainment by 10.5% in the second quarter. Gabelli Funds LLC now owns 169,000 shares of the company’s stock worth $1,381,000 after purchasing an additional 16,000 shares during the period. Finally, Brown Advisory Inc. grew its position in shares of Inspired Entertainment by 12.5% during the 2nd quarter. Brown Advisory Inc. now owns 529,771 shares of the company’s stock worth $4,328,000 after buying an additional 58,973 shares during the period. Institutional investors and hedge funds own 77.38% of the company’s stock.

Inspired Entertainment Stock Performance

Shares of INSE opened at $9.60 on Monday. The company has a market cap of $258.44 million, a price-to-earnings ratio of 4.40 and a beta of 1.64. The firm has a fifty day moving average of $9.07 and a 200-day moving average of $8.38. Inspired Entertainment has a 1 year low of $6.51 and a 1 year high of $11.61.

Inspired Entertainment (NASDAQ:INSE) last posted its quarterly earnings data on Wednesday, August 6th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $80.30 million during the quarter, compared to analyst estimates of $75.23 million. Analysts predict that Inspired Entertainment will post 0.3 EPS for the current year.

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.