BWS Financial Reaffirms “Buy” Rating for Inspired Entertainment (NASDAQ:INSE)

Inspired Entertainment (NASDAQ:INSE)‘s stock had its “buy” rating restated by analysts at BWS Financial in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $20.00 target price on the stock. BWS Financial’s price objective indicates a potential upside of 189.86% from the stock’s previous close.

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Inspired Entertainment in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Inspired Entertainment currently has an average rating of “Moderate Buy” and an average target price of $14.00.

Inspired Entertainment Trading Down 4.4%

NASDAQ:INSE opened at $6.90 on Wednesday. Inspired Entertainment has a 12-month low of $6.51 and a 12-month high of $10.29. The stock’s 50 day simple moving average is $8.67 and its 200-day simple moving average is $8.68. The firm has a market cap of $185.82 million, a P/E ratio of -11.69 and a beta of 1.23.

Inspired Entertainment (NASDAQ:INSE) last posted its quarterly earnings data on Tuesday, March 10th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.43). The firm had revenue of $77.20 million during the quarter, compared to analysts’ expectations of $76.08 million. Inspired Entertainment had a negative net margin of 5.59% and a negative return on equity of 1,176.67%. Research analysts forecast that Inspired Entertainment will post 0.3 EPS for the current fiscal year.

Hedge Funds Weigh In On Inspired Entertainment

Large investors have recently made changes to their positions in the stock. LSV Asset Management acquired a new stake in shares of Inspired Entertainment in the 4th quarter worth approximately $93,000. BNP Paribas Financial Markets increased its position in shares of Inspired Entertainment by 428.0% in the second quarter. BNP Paribas Financial Markets now owns 13,437 shares of the company’s stock valued at $110,000 after buying an additional 10,892 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Inspired Entertainment during the 1st quarter worth $123,000. R Squared Ltd acquired a new position in shares of Inspired Entertainment during the 3rd quarter worth $143,000. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Inspired Entertainment by 28.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,085 shares of the company’s stock worth $151,000 after buying an additional 3,571 shares in the last quarter. Hedge funds and other institutional investors own 77.38% of the company’s stock.

About Inspired Entertainment

Inspired Entertainment, Inc (NASDAQ: INSE) is a business-to-business provider of digital gaming content and technology solutions for the global gaming industry. The company’s offerings include server-based gaming modules, virtual sports simulations, digital interactive content and mobile sports betting platforms. Inspired designs proprietary games and software that integrate with lotteries, casino operators, retail betting shops and online platforms, emphasizing reliable performance, rapid deployment and engaging player experiences.

At the core of Inspired’s product suite is its Virtual Sports catalog, which simulates sporting events using advanced algorithms and randomized outcomes.