Analysts Set Inspired Entertainment, Inc. (NASDAQ:INSE) Price Target at $12.83

Shares of Inspired Entertainment, Inc. (NASDAQ:INSE) have received an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $12.8333.

Several research firms have commented on INSE. Weiss Ratings cut Inspired Entertainment from a “hold (c-)” rating to a “sell (d)” rating in a report on Wednesday, March 11th. BWS Financial reissued a “buy” rating and set a $20.00 price objective on shares of Inspired Entertainment in a report on Wednesday, March 11th. Finally, Zacks Research cut Inspired Entertainment from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 12th.

Inspired Entertainment Stock Performance

NASDAQ:INSE opened at $6.75 on Monday. The firm’s 50-day moving average is $8.48 and its 200-day moving average is $8.61. The company has a market cap of $182.66 million, a price-to-earnings ratio of -11.44 and a beta of 1.23. Inspired Entertainment has a 52-week low of $6.51 and a 52-week high of $9.95.

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

Institutional Investors Weigh In On Inspired Entertainment

Several institutional investors and hedge funds have recently bought and sold shares of INSE. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Inspired Entertainment in the 4th quarter valued at $309,000. Millennium Management LLC acquired a new stake in shares of Inspired Entertainment during the 4th quarter valued at about $703,000. AQR Capital Management LLC increased its stake in Inspired Entertainment by 57.9% in the fourth quarter. AQR Capital Management LLC now owns 24,541 shares of the company’s stock valued at $230,000 after acquiring an additional 8,995 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Inspired Entertainment by 28.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,085 shares of the company’s stock valued at $151,000 after acquiring an additional 3,571 shares during the period. Finally, Russell Investments Group Ltd. raised its position in Inspired Entertainment by 30.9% in the fourth quarter. Russell Investments Group Ltd. now owns 277,316 shares of the company’s stock worth $2,596,000 after purchasing an additional 65,411 shares in the last quarter. 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.