Inspired Entertainment (NASDAQ:INSE) Price Target Cut to $11.00 by Analysts at Piper Sandler

Inspired Entertainment (NASDAQ:INSE) had its target price decreased by Piper Sandler from $13.00 to $11.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Piper Sandler currently has a buy rating on the stock.

A number of other equities research analysts have also commented on the company. New Street Research set a $21.00 price target on Inspired Entertainment in a research report on Friday, March 14th. Truist Financial set a $19.00 price target on shares of Inspired Entertainment in a research note on Friday, March 14th. JMP Securities dropped their price objective on shares of Inspired Entertainment from $14.00 to $13.00 and set a “market outperform” rating on the stock in a report on Thursday, April 17th. Finally, B. Riley assumed coverage on shares of Inspired Entertainment in a research note on Tuesday, April 8th. They issued a “buy” rating and a $13.00 target price for the company. One investment analyst has rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $13.17.

Inspired Entertainment Price Performance

Shares of INSE stock opened at $7.32 on Wednesday. The stock has a market cap of $196.94 million, a PE ratio of -731.27 and a beta of 1.27. The stock has a 50-day moving average of $8.64 and a 200-day moving average of $9.24. Inspired Entertainment has a one year low of $6.51 and a one year high of $11.61.

Inspired Entertainment (NASDAQ:INSE) last released its quarterly earnings data on Monday, March 17th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.13). The firm had revenue of $83.00 million during the quarter, compared to the consensus estimate of $79.19 million. Inspired Entertainment had a negative net margin of 0.10% and a negative return on equity of 6.35%. As a group, research analysts anticipate that Inspired Entertainment will post 0.3 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its position in Inspired Entertainment by 673.7% during the 1st quarter. GAMMA Investing LLC now owns 5,671 shares of the company’s stock worth $480,000 after buying an additional 4,938 shares in the last quarter. Wells Fargo & Company MN increased its position in Inspired Entertainment by 51.0% during the fourth quarter. Wells Fargo & Company MN now owns 10,350 shares of the company’s stock worth $94,000 after buying an additional 3,494 shares during the last quarter. Oxford Asset Management LLP bought a new stake in Inspired Entertainment in the 4th quarter valued at $96,000. SG Americas Securities LLC bought a new position in shares of Inspired Entertainment in the fourth quarter valued at about $97,000. Finally, Clarus Group Inc. raised its holdings in Inspired Entertainment by 12.0% in the 4th quarter. Clarus Group Inc. now owns 14,019 shares of the company’s stock valued at $127,000 after acquiring an additional 1,500 shares during the period. Institutional investors and hedge funds own 77.38% of the company’s stock.

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.