Inspired Entertainment (NASDAQ:INSE) Stock Gets Price Target Reduction from Truist Financial

Inspired Entertainment (NASDAQ:INSE) had its price target dropped by investment analysts at Truist Financial from $8.00 to $6.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial‘s price target points to a potential upside of 62.16% from the company’s previous close.

Several other brokerages have also weighed in on INSE. Citigroup reissued a “market outperform” rating on shares of Inspired Entertainment in a report on Tuesday, October 13th. B. Riley Financial reduced their target price on Inspired Entertainment from $8.75 to $6.25 and set a “buy” rating on the stock in a report on Friday. BWS Financial downgraded Inspired Entertainment from a “buy” rating to a “neutral” rating in a report on Tuesday, September 29th. Weiss Ratings reiterated a “sell (d)” rating on shares of Inspired Entertainment in a research report on Friday, September 4th. Finally, Citizens Jmp lowered their price target on Inspired Entertainment from $9.00 to $7.00 and set a “market outperform” rating for the company in a report on Friday. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $9.81.

Inspired Entertainment Stock Performance

INSE opened at $3.70 on Monday. The company has a 50-day moving average of $4.17 and a 200-day moving average of $6.60. The company has a market capitalization of $97.53 million, a P/E ratio of -14.23 and a beta of 1.16. Inspired Entertainment has a 1-year low of $3.10 and a 1-year high of $9.95.

Inspired Entertainment (NASDAQ:INSE) last issued its quarterly earnings results on Thursday, November 5th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.02 by $0.08. Inspired Entertainment had a negative net margin of 2.96% and a negative return on equity of 30.08%. The business had revenue of $61.40 million for the quarter, compared to analysts’ expectations of $64.52 million. As a group, sell-side analysts expect that Inspired Entertainment will post 0.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Diversified Trust Co bought a new position in Inspired Entertainment in the third quarter worth about $42,000. R Squared Ltd acquired a new position in Inspired Entertainment in the third quarter valued at approximately $79,000. Private Management Group Inc. grew its holdings in shares of Inspired Entertainment by 1.2% during the third quarter. Private Management Group Inc. now owns 1,298,285 shares of the company’s stock valued at $4,466,000 after purchasing an additional 15,695 shares during the last quarter. Prescott Group Capital Management L.L.C. grew its holdings in shares of Inspired Entertainment by 60.5% during the third quarter. Prescott Group Capital Management L.L.C. now owns 574,750 shares of the company’s stock valued at $1,977,000 after purchasing an additional 216,558 shares during the last quarter. Finally, Bank of America Corp DE bought a new position in shares of Inspired Entertainment during the second quarter valued at approximately $188,000. 77.38% of the stock is currently owned by institutional investors.

About Inspired Entertainment

Inspired Entertainment, Inc is a business-to-business gaming technology company that develops and supplies content, software, hardware and related services for regulated gaming, betting and leisure markets. Its customers include bookmakers, casinos, gaming operators, lotteries and other entertainment venues.

The company’s offerings include gaming terminals and server-based gaming systems, digital casino games, virtual sports and other simulated sporting events, as well as interactive gaming solutions for online and mobile platforms.