BWS Financial Initiates Coverage on Inspired Entertainment (NASDAQ:INSE)

Analysts at BWS Financial initiated coverage on shares of Inspired Entertainment (NASDAQ:INSE) in a note issued to investors on Monday, MarketBeat reports. The brokerage set a “buy” rating and a $20.00 price target on the stock. BWS Financial’s price target would indicate a potential upside of 121.98% from the company’s current price.

INSE has been the subject of a number of other research reports. JMP Securities reduced their price objective on Inspired Entertainment from $13.00 to $12.00 and set a “market outperform” rating for the company in a research note on Friday, May 9th. Piper Sandler lowered their target price on Inspired Entertainment from $13.00 to $11.00 and set a “buy” rating on the stock in a report on Wednesday, April 23rd. B. Riley assumed coverage on Inspired Entertainment in a research note on Tuesday, April 8th. They issued a “buy” rating and a $13.00 price target on the stock. Finally, Truist Financial decreased their price target on Inspired Entertainment from $13.00 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday, April 23rd. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Inspired Entertainment currently has a consensus rating of “Buy” and a consensus price target of $14.00.

Inspired Entertainment Price Performance

NASDAQ INSE opened at $9.01 on Monday. The company has a market cap of $242.41 million, a P/E ratio of 3.58 and a beta of 1.63. The stock has a 50-day moving average of $8.08 and a two-hundred day moving average of $8.65. Inspired Entertainment has a 1-year low of $6.51 and a 1-year high of $11.61.

Institutional Trading of Inspired Entertainment

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Kanen Wealth Management LLC grew its holdings in shares of Inspired Entertainment by 19.1% during the second quarter. Kanen Wealth Management LLC now owns 2,389,007 shares of the company’s stock valued at $19,518,000 after buying an additional 382,990 shares in the last quarter. Krilogy Financial LLC bought a new stake in shares of Inspired Entertainment during the 2nd quarter worth about $245,000. Jane Street Group LLC bought a new stake in shares of Inspired Entertainment during the 1st quarter worth about $123,000. Gamco Investors INC. ET AL lifted its position in shares of Inspired Entertainment by 1.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 289,900 shares of the company’s stock worth $2,476,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Gabelli Funds LLC lifted its position in shares of Inspired Entertainment by 4.1% during the 1st quarter. Gabelli Funds LLC now owns 153,000 shares of the company’s stock worth $1,307,000 after purchasing an additional 6,000 shares during the last quarter. Institutional investors own 77.38% of the company’s stock.

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.