Inspired Entertainment, Inc. (NASDAQ:INSE) Given Average Rating of “Moderate Buy” by Analysts

Shares of Inspired Entertainment, Inc. (NASDAQ:INSE) have earned a consensus rating of “Moderate Buy” from the eight analysts that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $12.8333.

A number of analysts recently weighed in on INSE shares. Zacks Research cut shares of Inspired Entertainment from a “hold” rating to a “strong sell” rating in a report on Thursday, March 12th. Weiss Ratings cut Inspired Entertainment from a “hold (c-)” rating to a “sell (d)” rating in a research report on Wednesday, March 11th. Finally, BWS Financial reiterated a “buy” rating and issued a $20.00 target price on shares of Inspired Entertainment in a report on Wednesday, March 11th.

Institutional Investors Weigh In On Inspired Entertainment

Institutional investors have recently modified their holdings of the stock. Kanen Wealth Management LLC grew its position in Inspired Entertainment by 12.3% in the third quarter. Kanen Wealth Management LLC now owns 2,683,969 shares of the company’s stock worth $25,085,000 after acquiring an additional 294,962 shares in the last quarter. Samjo Management LLC lifted its position in Inspired Entertainment by 5.7% during the 2nd quarter. Samjo Management LLC now owns 2,077,510 shares of the company’s stock worth $16,973,000 after acquiring an additional 111,900 shares during the last quarter. Private Management Group Inc. boosted its stake in Inspired Entertainment by 0.7% during the 3rd quarter. Private Management Group Inc. now owns 1,313,904 shares of the company’s stock valued at $12,324,000 after purchasing an additional 8,900 shares during the period. Brown Advisory Inc. grew its stake in shares of Inspired Entertainment by 8.4% in the fourth quarter. Brown Advisory Inc. now owns 900,633 shares of the company’s stock worth $8,430,000 after acquiring an additional 70,000 shares during the last quarter. Finally, CSM Advisors LLC grew its position in Inspired Entertainment by 8.8% in the 4th quarter. CSM Advisors LLC now owns 707,428 shares of the company’s stock worth $6,621,000 after purchasing an additional 57,485 shares during the last quarter. Institutional investors and hedge funds own 77.38% of the company’s stock.

Inspired Entertainment Trading Down 6.7%

INSE 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 $8.57. The firm has a market cap of $165.34 million, a price-to-earnings ratio of -10.36 and a beta of 1.23. Inspired Entertainment has a twelve month low of $6.10 and a twelve month high of $9.95.

Inspired Entertainment (NASDAQ:INSE) last issued its quarterly earnings results on Tuesday, March 10th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.43). Inspired Entertainment had a negative return on equity of 1,176.67% and a negative net margin of 5.59%.The company had revenue of $77.20 million during the quarter, compared to the consensus estimate of $76.08 million. On average, 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.