According to Zacks, “Inspired Entertainment, Inc. is a games technology company. It engaged in supplying Virtual Sports, Mobile Gaming and Server-Based Gaming systems to regulated lottery, betting and gaming operators. Inspired Entertainment Inc., formerly known as Hydra Industries Acquisition Corp, is based in New York. “
Separately, Roth Capital reissued a buy rating on shares of Inspired Entertainment in a research note on Wednesday, December 15th. One analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Buy and an average price target of $19.75.
Inspired Entertainment (NASDAQ:INSE) last released its quarterly earnings data on Thursday, November 11th. The company reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.37. The company had revenue of $77.60 million for the quarter, compared to analyst estimates of $68.70 million. During the same period last year, the firm posted $0.05 EPS. Sell-side analysts predict that Inspired Entertainment will post -2.1 EPS for the current year.
Institutional investors have recently made changes to their positions in the company. Deutsche Bank AG acquired a new position in shares of Inspired Entertainment in the 3rd quarter valued at $34,000. Barclays PLC lifted its stake in shares of Inspired Entertainment by 291.9% in the 3rd quarter. Barclays PLC now owns 3,174 shares of the company’s stock valued at $37,000 after purchasing an additional 2,364 shares during the last quarter. B. Riley Wealth Management Inc. acquired a new position in shares of Inspired Entertainment in the 3rd quarter valued at $118,000. O Shaughnessy Asset Management LLC acquired a new position in shares of Inspired Entertainment in the 2nd quarter valued at $145,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Inspired Entertainment in the 2nd quarter valued at $160,000. 93.80% of the stock is currently owned by institutional investors and hedge funds.
About Inspired Entertainment
Inspired Entertainment, Inc is a global games technology company, which engages in the provision of virtual sports, mobile gaming, and server-based gaming systems. The firm operates through the Virtual Sports and Server Based Gaming segments. The Virtual Sports segment offers ultra-high-definition games that create an always-on sports wagering experience.
Featured Article: What is the S&P/ASX 200 Index?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Inspired Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inspired Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.