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

JMP Securities reaffirmed their market outperform rating on shares of Inspired Entertainment (NASDAQ:INSE) in a report published on Tuesday morning, Benzinga reports. They currently have a $15.00 target price on the stock.

Other analysts also recently issued reports about the company. Macquarie downgraded Inspired Entertainment from an outperform rating to a neutral rating and cut their target price for the stock from $16.00 to $10.00 in a research note on Wednesday, January 17th. B. Riley assumed coverage on shares of Inspired Entertainment in a report on Friday, April 5th. They issued a buy rating and a $21.00 price objective for the company. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $16.25.

Inspired Entertainment Stock Performance

NASDAQ INSE opened at $9.20 on Tuesday. The business has a fifty day moving average price of $9.48 and a 200 day moving average price of $9.41. The company has a market cap of $241.22 million, a P/E ratio of 25.56 and a beta of 1.42. Inspired Entertainment has a one year low of $6.12 and a one year high of $16.01.

Inspired Entertainment (NASDAQ:INSE) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $97.50 million during the quarter. Inspired Entertainment had a net margin of 3.22% and a negative return on equity of 16.61%. As a group, sell-side analysts predict that Inspired Entertainment will post 0.38 EPS for the current fiscal year.

Hedge Funds Weigh In On Inspired Entertainment

A number of hedge funds have recently modified their holdings of INSE. UBS Group AG purchased a new stake in Inspired Entertainment in the 3rd quarter valued at about $40,000. Royal Bank of Canada lifted its holdings in shares of Inspired Entertainment by 208.0% in the 1st quarter. Royal Bank of Canada now owns 3,588 shares of the company’s stock worth $44,000 after acquiring an additional 2,423 shares during the last quarter. Barclays PLC boosted its position in shares of Inspired Entertainment by 525.4% during the 4th quarter. Barclays PLC now owns 5,722 shares of the company’s stock worth $73,000 after purchasing an additional 4,807 shares during the period. American International Group Inc. purchased a new position in shares of Inspired Entertainment during the 2nd quarter worth approximately $89,000. Finally, BNP Paribas Arbitrage SA increased its holdings in Inspired Entertainment by 575.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,821 shares of the company’s stock valued at $93,000 after purchasing an additional 9,220 shares during the last quarter. 77.38% of the stock is currently 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.