Goldman Sachs Group Inc. Reduces Stock Position in Inspired Entertainment, Inc. $INSE

Goldman Sachs Group Inc. lessened its position in shares of Inspired Entertainment, Inc. (NASDAQ:INSE) by 1.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 94,368 shares of the company’s stock after selling 1,431 shares during the quarter. Goldman Sachs Group Inc. owned 0.35% of Inspired Entertainment worth $806,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in INSE. National Bank of Canada FI purchased a new stake in Inspired Entertainment during the 1st quarter valued at about $31,000. MetLife Investment Management LLC grew its stake in Inspired Entertainment by 28.7% during the 1st quarter. MetLife Investment Management LLC now owns 12,341 shares of the company’s stock valued at $105,000 after purchasing an additional 2,751 shares during the last quarter. Jane Street Group LLC purchased a new stake in Inspired Entertainment during the 1st quarter valued at about $123,000. Millennium Management LLC grew its stake in Inspired Entertainment by 8.9% during the 4th quarter. Millennium Management LLC now owns 15,713 shares of the company’s stock valued at $142,000 after purchasing an additional 1,287 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in Inspired Entertainment during the 4th quarter valued at about $146,000. Hedge funds and other institutional investors own 77.38% of the company’s stock.

Inspired Entertainment Price Performance

Shares of Inspired Entertainment stock opened at $9.66 on Wednesday. The business has a 50 day simple moving average of $9.06 and a two-hundred day simple moving average of $8.37. Inspired Entertainment, Inc. has a 12 month low of $6.51 and a 12 month high of $11.61. The stock has a market capitalization of $260.05 million, a P/E ratio of 4.43 and a beta of 1.64.

Inspired Entertainment (NASDAQ:INSE) last announced its earnings results on Wednesday, August 6th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.17). Inspired Entertainment had a net margin of 21.05% and a negative return on equity of 281.67%. The firm had revenue of $80.30 million for the quarter, compared to analyst estimates of $75.23 million. As a group, research analysts anticipate that Inspired Entertainment, Inc. will post 0.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wall Street Zen cut Inspired Entertainment from a “buy” rating to a “hold” rating in a report on Friday, July 18th. BWS Financial reissued a “buy” rating and issued a $20.00 price objective on shares of Inspired Entertainment in a report on Monday, August 11th. Zacks Research raised Inspired Entertainment from a “strong sell” rating to a “hold” rating in a report on Friday, September 5th. Finally, Macquarie reissued a “neutral” rating and issued a $10.00 price objective on shares of Inspired Entertainment in a report on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Inspired Entertainment currently has a consensus rating of “Buy” and an average target price of $14.00.

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.