Jacobs Levy Equity Management Inc. Acquires Shares of 41,980 Inspired Entertainment, Inc. (NASDAQ:INSE)

Jacobs Levy Equity Management Inc. acquired a new stake in shares of Inspired Entertainment, Inc. (NASDAQ:INSE) in the fourth quarter, Holdings Channel.com reports. The firm acquired 41,980 shares of the company’s stock, valued at approximately $380,000.

A number of other institutional investors have also modified their holdings of the stock. Clarus Group Inc. raised its stake in shares of Inspired Entertainment by 12.0% during the 4th quarter. Clarus Group Inc. now owns 14,019 shares of the company’s stock valued at $127,000 after buying an additional 1,500 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Inspired Entertainment by 51.0% during the 4th quarter. Wells Fargo & Company MN now owns 10,350 shares of the company’s stock valued at $94,000 after buying an additional 3,494 shares during the last quarter. Barclays PLC raised its stake in shares of Inspired Entertainment by 14.4% during the 4th quarter. Barclays PLC now owns 35,832 shares of the company’s stock valued at $325,000 after buying an additional 4,511 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Inspired Entertainment by 37.1% during the 4th quarter. Bank of America Corp DE now owns 23,263 shares of the company’s stock valued at $211,000 after buying an additional 6,293 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Inspired Entertainment by 4.7% during the 4th quarter. Northern Trust Corp now owns 202,014 shares of the company’s stock valued at $1,828,000 after buying an additional 9,079 shares during the last quarter. Hedge funds and other institutional investors own 77.38% of the company’s stock.

Inspired Entertainment Trading Down 1.5%

NASDAQ:INSE opened at $8.28 on Friday. Inspired Entertainment, Inc. has a 12 month low of $6.51 and a 12 month high of $11.61. The stock has a 50 day moving average of $7.94 and a two-hundred day moving average of $9.10. The firm has a market cap of $222.77 million, a P/E ratio of -827.17 and a beta of 1.66.

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

Analyst Upgrades and Downgrades

INSE has been the subject of a number of recent research reports. New Street Research set a $21.00 price objective on Inspired Entertainment in a research note on Friday, March 14th. B. Riley started coverage on Inspired Entertainment in a research note on Tuesday, April 8th. They issued a “buy” rating and a $13.00 price target for the company. Truist Financial cut their price target on Inspired Entertainment from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. Piper Sandler cut their price target on Inspired Entertainment from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. Finally, JMP Securities cut their price target on Inspired Entertainment from $13.00 to $12.00 and set a “market outperform” rating for the company in a research note on Friday, May 9th. One equities research 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. According to MarketBeat, Inspired Entertainment presently has an average rating of “Buy” and a consensus price target of $13.00.

Inspired Entertainment 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.