JPMorgan Chase & Co. Buys 19,928 Shares of Inspired Entertainment, Inc. (NASDAQ:INSE)

JPMorgan Chase & Co. grew its position in Inspired Entertainment, Inc. (NASDAQ:INSE) by 203.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,742 shares of the company’s stock after acquiring an additional 19,928 shares during the quarter. JPMorgan Chase & Co. owned about 0.11% of Inspired Entertainment worth $269,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC raised its position in Inspired Entertainment by 314.1% in the 3rd quarter. Barclays PLC now owns 31,321 shares of the company’s stock worth $291,000 after purchasing an additional 23,757 shares during the period. LPL Financial LLC bought a new position in shares of Inspired Entertainment during the fourth quarter valued at approximately $136,000. SG Americas Securities LLC purchased a new stake in shares of Inspired Entertainment in the fourth quarter worth approximately $97,000. Geode Capital Management LLC lifted its stake 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 worth $4,835,000 after acquiring an additional 4,233 shares during the last quarter. Finally, Clarus Group Inc. boosted its holdings in Inspired Entertainment by 12.0% during the 4th quarter. Clarus Group Inc. now owns 14,019 shares of the company’s stock valued at $127,000 after acquiring an additional 1,500 shares during the period. Institutional investors own 77.38% of the company’s stock.

Inspired Entertainment Stock Performance

NASDAQ INSE opened at $7.54 on Friday. The company’s 50-day simple moving average is $8.28 and its two-hundred day simple moving average is $9.18. Inspired Entertainment, Inc. has a one year low of $6.51 and a one year high of $11.61. The company has a market capitalization of $202.86 million, a price-to-earnings ratio of -753.25 and a beta of 1.27.

Inspired Entertainment (NASDAQ:INSE) last issued its quarterly earnings data 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 business had revenue of $83.00 million for the quarter, compared to analysts’ expectations of $79.19 million. Inspired Entertainment had a negative net margin of 0.10% and a negative return on equity of 6.35%. Equities analysts expect that Inspired Entertainment, Inc. will post 0.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on INSE. JMP Securities decreased their target price on Inspired Entertainment from $14.00 to $13.00 and set a “market outperform” rating for the company in a research report on Thursday, April 17th. Truist Financial decreased their price objective on shares of Inspired Entertainment from $13.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. B. Riley began coverage on shares of Inspired Entertainment in a research note on Tuesday, April 8th. They issued a “buy” rating and a $13.00 target price on the stock. New Street Research set a $21.00 target price on shares of Inspired Entertainment in a research report on Friday, March 14th. Finally, Piper Sandler lowered their price target on Inspired Entertainment from $13.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. One research analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Inspired Entertainment presently has an average rating of “Buy” and a consensus target price of $13.17.

Inspired Entertainment 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.