Inspired Entertainment (NASDAQ:INSE) Receives “Buy” Rating from BWS Financial

BWS Financial restated their buy rating on shares of Inspired Entertainment (NASDAQ:INSE) in a research report released on Monday,Benzinga reports. They currently have a $20.00 target price on the stock.

A number of other research firms also recently weighed in on INSE. Weiss Ratings reissued a “hold (c-)” rating on shares of Inspired Entertainment in a research report on Thursday. Zacks Research raised shares of Inspired Entertainment from a “strong sell” rating to a “hold” rating in a research report on Friday, September 5th. Finally, Macquarie restated a “neutral” rating and issued a $10.00 target price on shares of Inspired Entertainment in a research note on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $14.00.

Inspired Entertainment Stock Performance

Shares of NASDAQ INSE opened at $7.41 on Monday. Inspired Entertainment has a 1 year low of $6.51 and a 1 year high of $11.61. The firm has a market cap of $199.55 million, a price-to-earnings ratio of 3.72 and a beta of 1.70. The stock’s 50-day simple moving average is $8.57 and its 200-day simple moving average is $8.48.

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

Institutional Investors Weigh In On Inspired Entertainment

A number of hedge funds have recently added to or reduced their stakes in the stock. National Bank of Canada FI acquired a new position in shares of Inspired Entertainment during the first quarter valued at $31,000. MetLife Investment Management LLC boosted 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 period. BNP Paribas Financial Markets grew its position in Inspired Entertainment by 428.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 13,437 shares of the company’s stock worth $110,000 after purchasing an additional 10,892 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Inspired Entertainment in the first quarter valued at approximately $123,000. Finally, R Squared Ltd acquired a new stake in shares of Inspired Entertainment in the third quarter valued at approximately $143,000. 77.38% of the stock is currently owned by institutional investors.

About Inspired Entertainment

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.