Inspired Entertainment (NASDAQ:INSE) Trading Up 3.4% – What’s Next?

Inspired Entertainment, Inc. (NASDAQ:INSEGet Free Report)’s share price rose 3.4% on Wednesday . The stock traded as high as $6.83 and last traded at $6.78. 88,923 shares were traded during mid-day trading, a decline of 42% from the average session volume of 152,240 shares. The stock had previously closed at $6.56.

Analyst Ratings Changes

Several brokerages have recently commented on INSE. Zacks Research upgraded Inspired Entertainment from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. BWS Financial reissued a “buy” rating and set a $20.00 price target on shares of Inspired Entertainment in a research report on Monday, May 11th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Inspired Entertainment in a research note on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $15.00.

Get Our Latest Stock Report on Inspired Entertainment

Inspired Entertainment Stock Performance

The stock has a market capitalization of $180.82 million, a P/E ratio of -11.11 and a beta of 1.20. The stock has a 50 day moving average of $7.56 and a 200 day moving average of $7.78.

Inspired Entertainment (NASDAQ:INSEGet Free Report) last posted its earnings results on Thursday, May 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.13. The company had revenue of $57.20 million during the quarter, compared to the consensus estimate of $58.89 million. On average, research analysts anticipate that Inspired Entertainment, Inc. will post 0.28 EPS for the current fiscal year.

Institutional Trading of Inspired Entertainment

Several hedge funds have recently bought and sold shares of INSE. Bank of America Corp DE grew its position in Inspired Entertainment by 6.9% in the 1st quarter. Bank of America Corp DE now owns 25,577 shares of the company’s stock worth $182,000 after purchasing an additional 1,660 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Inspired Entertainment by 2.0% in the first quarter. Janus Henderson Group PLC now owns 1,296,095 shares of the company’s stock valued at $9,241,000 after purchasing an additional 25,820 shares during the period. Quantinno Capital Management LP raised its holdings in shares of Inspired Entertainment by 30.5% during the first quarter. Quantinno Capital Management LP now owns 42,145 shares of the company’s stock valued at $300,000 after buying an additional 9,858 shares during the last quarter. Gabelli Funds LLC raised its holdings in shares of Inspired Entertainment by 9.6% during the first quarter. Gabelli Funds LLC now owns 205,000 shares of the company’s stock valued at $1,462,000 after buying an additional 18,000 shares during the last quarter. Finally, Sei Investments Co. boosted its position in shares of Inspired Entertainment by 98.6% during the first quarter. Sei Investments Co. now owns 152,803 shares of the company’s stock worth $1,089,000 after buying an additional 75,882 shares during the period. 77.38% of the stock is currently owned by institutional investors.

About Inspired Entertainment

(Get Free Report)

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.

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