Inspired Entertainment (NASDAQ:INSE) Cut to Strong Sell at Zacks Research

Zacks Research downgraded shares of Inspired Entertainment (NASDAQ:INSE) from a hold rating to a strong sell rating in a research note published on Thursday morning,Zacks.com reports.

Other analysts also recently issued research reports about the stock. BWS Financial reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Inspired Entertainment in a research report on Wednesday. Weiss Ratings cut shares of Inspired Entertainment from a “hold (c-)” rating to a “sell (d)” rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Inspired Entertainment has an average rating of “Moderate Buy” and a consensus price target of $12.83.

Inspired Entertainment Stock Performance

INSE stock opened at $6.58 on Thursday. Inspired Entertainment has a one year low of $6.51 and a one year high of $10.29. The company has a 50 day moving average price of $8.62 and a two-hundred day moving average price of $8.67. The stock has a market capitalization of $177.20 million, a P/E ratio of -11.15 and a beta of 1.23.

Inspired Entertainment (NASDAQ:INSE) last announced its earnings results on Tuesday, March 10th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.25 by ($0.43). The company had revenue of $77.20 million for 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 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of INSE. Kanen Wealth Management LLC grew its stake in Inspired Entertainment by 50.9% during the 1st quarter. Kanen Wealth Management LLC now owns 2,006,017 shares of the company’s stock valued at $18,929,000 after purchasing an additional 676,988 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Inspired Entertainment in the 1st quarter valued at approximately $123,000. Los Angeles Capital Management LLC boosted its stake in shares of Inspired Entertainment by 170.7% during the 2nd quarter. Los Angeles Capital Management LLC now owns 62,183 shares of the company’s stock valued at $508,000 after buying an additional 39,215 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Inspired Entertainment during the 2nd quarter valued at approximately $164,000. Finally, Geode Capital Management LLC grew its position in shares of Inspired Entertainment by 8.9% during the second quarter. Geode Capital Management LLC now owns 565,185 shares of the company’s stock worth $4,619,000 after buying an additional 46,328 shares in the last quarter. Hedge funds and other institutional investors own 77.38% of the company’s stock.

Inspired Entertainment Company Profile

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.