Inspired Entertainment (NASDAQ:INSE) Receives Market Outperform Rating from JMP Securities

JMP Securities reissued their market outperform rating on shares of Inspired Entertainment (NASDAQ:INSE) in a research note issued to investors on Tuesday, Benzinga reports. JMP Securities currently has a $15.00 price target on the stock.

A number of other analysts have also weighed in on the company. B. Riley initiated coverage on Inspired Entertainment in a research note on Friday, April 5th. They set a buy rating and a $21.00 price objective for the company. Macquarie lowered shares of Inspired Entertainment from an outperform rating to a neutral rating and cut their price target for the stock from $16.00 to $10.00 in a report on Wednesday, January 17th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $16.25.

Inspired Entertainment Stock Up 1.4 %

Inspired Entertainment stock opened at $9.20 on Tuesday. The firm has a fifty day simple moving average of $9.48 and a two-hundred day simple moving average of $9.41. Inspired Entertainment has a twelve month low of $6.12 and a twelve month high of $16.01. The company has a market capitalization of $241.22 million, a PE ratio of 25.56 and a beta of 1.42.

Inspired Entertainment (NASDAQ:INSE) last released its earnings results on Tuesday, February 27th. The company reported $0.12 earnings per share for the quarter. The company had revenue of $97.50 million during the quarter. Inspired Entertainment had a negative return on equity of 16.61% and a net margin of 3.22%. As a group, equities analysts expect that Inspired Entertainment will post 0.38 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Cannell Capital LLC lifted its position in Inspired Entertainment by 28.8% in the 3rd quarter. Cannell Capital LLC now owns 1,409,672 shares of the company’s stock valued at $16,860,000 after acquiring an additional 315,530 shares in the last quarter. Clear Harbor Asset Management LLC raised its holdings in Inspired Entertainment by 4.6% during the fourth quarter. Clear Harbor Asset Management LLC now owns 34,125 shares of the company’s stock valued at $337,000 after acquiring an additional 1,500 shares during the period. Foundry Partners LLC raised its holdings in Inspired Entertainment by 22.7% during the third quarter. Foundry Partners LLC now owns 345,855 shares of the company’s stock valued at $4,136,000 after acquiring an additional 63,895 shares during the period. Hudson Bay Capital Management LP lifted its position in shares of Inspired Entertainment by 5.0% in the third quarter. Hudson Bay Capital Management LP now owns 157,469 shares of the company’s stock valued at $1,883,000 after acquiring an additional 7,469 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its stake in shares of Inspired Entertainment by 58.7% in the third quarter. Gamco Investors INC. ET AL now owns 64,900 shares of the company’s stock worth $776,000 after acquiring an additional 24,000 shares during the period. 77.38% of the stock is owned by hedge funds and other institutional investors.

Inspired Entertainment Company Profile

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.