Analysts Set Inspired Entertainment, Inc. (NASDAQ:INSE) PT at $14.00

Inspired Entertainment, Inc. (NASDAQ:INSE) has earned an average recommendation of “Buy” from the seven ratings firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $14.00.

A number of equities analysts have recently commented on the stock. Piper Sandler cut their price objective on shares of Inspired Entertainment from $13.00 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. Truist Financial dropped their target price on shares of Inspired Entertainment from $13.00 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. JMP Securities dropped their target price on shares of Inspired Entertainment from $13.00 to $12.00 and set a “market outperform” rating for the company in a research report on Friday, May 9th. B. Riley began coverage on shares of Inspired Entertainment in a research report on Tuesday, April 8th. They set a “buy” rating and a $13.00 target price for the company. Finally, Wall Street Zen lowered shares of Inspired Entertainment from a “buy” rating to a “hold” rating in a research report on Friday, July 18th.

Inspired Entertainment Trading Up 0.1%

INSE stock opened at $8.82 on Friday. The firm has a 50 day moving average of $8.44 and a 200-day moving average of $8.68. Inspired Entertainment has a 12 month low of $6.51 and a 12 month high of $11.61. The firm has a market capitalization of $237.35 million, a P/E ratio of 3.50 and a beta of 1.62.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Kanen Wealth Management LLC boosted its holdings in shares of Inspired Entertainment by 19.1% during the 2nd 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. Foundry Partners LLC boosted 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. Brown Advisory Inc. boosted its stake in Inspired Entertainment by 173.6% in the 1st quarter. Brown Advisory Inc. now owns 470,798 shares of the company’s stock worth $4,021,000 after purchasing an additional 298,726 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake in Inspired Entertainment by 1.0% in 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 in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Inspired Entertainment by 12.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 203,099 shares of the company’s stock worth $1,838,000 after purchasing an additional 23,165 shares in the last quarter. 77.38% of the stock is owned by hedge funds and other 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.