JMP Securities Issues Pessimistic Forecast for Inspired Entertainment (NASDAQ:INSE) Stock Price

Inspired Entertainment (NASDAQ:INSE) had its price target reduced by equities research analysts at JMP Securities from $14.00 to $13.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “market outperform” rating on the stock. JMP Securities’ price target would indicate a potential upside of 69.93% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. New Street Research set a $21.00 price target on shares of Inspired Entertainment in a research report on Friday, March 14th. Truist Financial set a $19.00 price objective on shares of Inspired Entertainment in a research report on Friday, March 14th. Finally, B. Riley started coverage on Inspired Entertainment in a report on Tuesday, April 8th. They set a “buy” rating and a $13.00 price target for the company.

Inspired Entertainment Stock Performance

NASDAQ INSE opened at $7.65 on Thursday. The company has a market capitalization of $205.82 million, a price-to-earnings ratio of -764.24 and a beta of 1.27. The stock has a 50-day moving average of $9.04 and a 200 day moving average of $9.32. Inspired Entertainment has a one year low of $6.51 and a one year high of $11.61.

Inspired Entertainment (NASDAQ:INSE) last issued its earnings results on Monday, March 17th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.13). The company had revenue of $83.00 million during the quarter, compared to analysts’ expectations of $79.19 million. Inspired Entertainment had a negative return on equity of 6.35% and a negative net margin of 0.10%. On average, equities analysts predict that Inspired Entertainment will post 0.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in INSE. Kanen Wealth Management LLC lifted its holdings in shares of Inspired Entertainment by 50.9% in the first quarter. Kanen Wealth Management LLC now owns 2,006,017 shares of the company’s stock worth $18,929,000 after buying an additional 676,988 shares in the last quarter. Foundry Partners LLC lifted its stake in Inspired Entertainment by 10.3% in the 4th quarter. Foundry Partners LLC now owns 583,775 shares of the company’s stock worth $5,283,000 after purchasing an additional 54,395 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Inspired Entertainment by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 521,451 shares of the company’s stock valued at $4,835,000 after purchasing an additional 4,233 shares during the last quarter. State Street Corp grew its position in shares of Inspired Entertainment by 0.7% during 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 in the last quarter. Finally, Gamco Investors INC. ET AL grew its position in shares of Inspired Entertainment by 14.6% during the fourth quarter. Gamco Investors INC. ET AL now owns 286,900 shares of the company’s stock valued at $2,596,000 after purchasing an additional 36,500 shares in the last quarter. 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.