Inspired Entertainment, Inc. (NASDAQ:INSE) Receives $12.83 Average Target Price from Analysts

Shares of Inspired Entertainment, Inc. (NASDAQ:INSE) have received a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, one has issued a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $12.8333.

INSE has been the subject of several analyst reports. Zacks Research cut Inspired Entertainment from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 12th. Weiss Ratings cut Inspired Entertainment from a “hold (c-)” rating to a “sell (d)” rating in a research note on Wednesday, March 11th. Finally, BWS Financial reaffirmed a “buy” rating and issued a $20.00 price target on shares of Inspired Entertainment in a report on Wednesday, March 11th.

Institutional Trading of Inspired Entertainment

Several institutional investors have recently modified their holdings of the stock. LSV Asset Management purchased a new position in shares of Inspired Entertainment in the 4th quarter valued at $93,000. BNP Paribas Financial Markets lifted its position in 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 acquiring an additional 10,892 shares during the last quarter. Jane Street Group LLC purchased a new stake in Inspired Entertainment in the first quarter valued at $123,000. R Squared Ltd acquired a new position in Inspired Entertainment in the third quarter valued at $143,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Inspired Entertainment by 28.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,085 shares of the company’s stock worth $151,000 after purchasing an additional 3,571 shares during the last quarter. Hedge funds and other institutional investors own 77.38% of the company’s stock.

Inspired Entertainment Trading Down 6.7%

Inspired Entertainment stock opened at $6.11 on Monday. The company has a fifty day simple moving average of $8.35 and a 200-day simple moving average of $8.58. The stock has a market cap of $165.34 million, a P/E ratio of -10.36 and a beta of 1.23. Inspired Entertainment has a 12-month low of $6.10 and a 12-month high of $9.95.

Inspired Entertainment (NASDAQ:INSE) last posted 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). Inspired Entertainment had a negative net margin of 5.59% and a negative return on equity of 1,176.67%. The business had revenue of $77.20 million during the quarter, compared to analysts’ expectations of $76.08 million. As a group, sell-side analysts forecast that Inspired Entertainment will post 0.3 earnings per share for the current fiscal year.

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.