Inspired Entertainment, Inc. (NASDAQ:INSE) Receives $14.00 Consensus Price Target from Analysts

Shares of Inspired Entertainment, Inc. (NASDAQ:INSE) have been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $14.00.

A number of research analysts have issued reports on the stock. Macquarie restated a “neutral” rating and issued a $10.00 target price on shares of Inspired Entertainment in a report on Thursday, August 7th. Weiss Ratings upgraded shares of Inspired Entertainment from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, November 7th. Wall Street Zen downgraded shares of Inspired Entertainment from a “buy” rating to a “hold” rating in a research note on Friday, July 18th. BWS Financial restated a “buy” rating and set a $20.00 target price on shares of Inspired Entertainment in a research report on Monday, August 11th. Finally, Zacks Research raised shares of Inspired Entertainment from a “strong sell” rating to a “hold” rating in a research note on Friday, September 5th.

Institutional Investors Weigh In On Inspired Entertainment

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Kanen Wealth Management LLC lifted its position in Inspired Entertainment by 50.9% during 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 during the period. CSM Advisors LLC purchased a new stake in Inspired Entertainment in the 2nd quarter valued at about $5,476,000. Teton Advisors LLC acquired a new position in shares of Inspired Entertainment during the 3rd quarter valued at about $1,903,000. Marshall Wace LLP lifted its holdings in shares of Inspired Entertainment by 233.7% during the 2nd quarter. Marshall Wace LLP now owns 208,062 shares of the company’s stock worth $1,700,000 after acquiring an additional 145,720 shares during the period. Finally, Samjo Management LLC lifted its holdings in shares of Inspired Entertainment by 5.7% during the 2nd quarter. Samjo Management LLC now owns 2,077,510 shares of the company’s stock worth $16,973,000 after acquiring an additional 111,900 shares during the period. Hedge funds and other institutional investors own 77.38% of the company’s stock.

Inspired Entertainment Stock Performance

Shares of NASDAQ:INSE opened at $7.82 on Tuesday. The business’s fifty day moving average price is $8.65 and its two-hundred day moving average price is $8.47. The stock has a market cap of $210.59 million, a PE ratio of 3.93 and a beta of 1.70. Inspired Entertainment has a one year low of $6.51 and a one year high of $11.61.

Inspired Entertainment (NASDAQ:INSE) last released its quarterly earnings results on Tuesday, November 29th. The company reported $0.30 earnings per share for the quarter. The company had revenue of $77.60 million during the quarter. Inspired Entertainment had a negative return on equity of 1,176.67% and a net margin of 18.78%. As a group, equities research analysts predict that Inspired Entertainment will post 0.3 earnings per share for the current fiscal year.

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.