Inspired Entertainment, Inc. (NASDAQ:INSE) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Inspired Entertainment, Inc. (NASDAQ:INSE) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 50,642 shares of the company’s stock after purchasing an additional 1,433 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Inspired Entertainment were worth $500,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. SG Americas Securities LLC acquired a new stake in Inspired Entertainment during the 4th quarter worth $158,000. Clear Harbor Asset Management LLC grew its holdings in shares of Inspired Entertainment by 4.6% during the fourth quarter. Clear Harbor Asset Management LLC now owns 34,125 shares of the company’s stock worth $337,000 after purchasing an additional 1,500 shares during the last quarter. Gamco Investors INC. ET AL increased its position in shares of Inspired Entertainment by 58.7% during the third quarter. Gamco Investors INC. ET AL now owns 64,900 shares of the company’s stock worth $776,000 after purchasing an additional 24,000 shares in the last quarter. Gabelli Funds LLC lifted its holdings in shares of Inspired Entertainment by 1.1% in the 3rd quarter. Gabelli Funds LLC now owns 90,000 shares of the company’s stock valued at $1,076,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Hudson Bay Capital Management LP boosted its position in shares of Inspired Entertainment by 5.0% in the 3rd quarter. Hudson Bay Capital Management LP now owns 157,469 shares of the company’s stock valued at $1,883,000 after purchasing an additional 7,469 shares during the period. Hedge funds and other institutional investors own 77.38% of the company’s stock.

Inspired Entertainment Trading Down 2.4 %

Shares of INSE stock opened at $8.66 on Friday. Inspired Entertainment, Inc. has a twelve month low of $6.12 and a twelve month high of $16.01. The business’s 50 day moving average is $9.43 and its two-hundred day moving average is $9.33. The company has a market capitalization of $230.01 million, a P/E ratio of 34.64 and a beta of 1.42.

Inspired Entertainment (NASDAQ:INSE) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.12 earnings per share for the quarter. The firm had revenue of $97.50 million for the quarter. Inspired Entertainment had a net margin of 2.25% and a negative return on equity of 13.11%. As a group, equities analysts predict that Inspired Entertainment, Inc. will post 0.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

INSE has been the topic of several research analyst reports. B. Riley initiated coverage on Inspired Entertainment in a research report on Friday, April 5th. They set a “buy” rating and a $21.00 price target on the stock. Macquarie cut shares of Inspired Entertainment from an “outperform” rating to a “neutral” rating and cut their target price for the company from $16.00 to $10.00 in a report on Wednesday, January 17th. Finally, JMP Securities reiterated a “market outperform” rating and set a $15.00 price target on shares of Inspired Entertainment in a research note on Tuesday, April 16th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Inspired Entertainment currently has a consensus rating of “Moderate Buy” and an average target price of $16.25.

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.