BWS Financial reaffirmed their buy rating on shares of Inspired Entertainment (NASDAQ:INSE – Free Report) in a report issued on Wednesday,Benzinga reports. The brokerage currently has a $20.00 price target on the stock.
Several other brokerages have also issued reports on INSE. Zacks Research lowered Inspired Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Weiss Ratings restated a “sell (d)” rating on shares of Inspired Entertainment in a research report on Friday, September 4th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $20.00.
View Our Latest Research Report on INSE
Inspired Entertainment Trading Down 4.4%
Inspired Entertainment (NASDAQ:INSE – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.03 by $0.02. Inspired Entertainment had a negative net margin of 3.34% and a negative return on equity of 30.08%. The business had revenue of $60.80 million during the quarter, compared to the consensus estimate of $64.04 million. On average, equities research analysts forecast that Inspired Entertainment will post 0.2 earnings per share for the current year.
Hedge Funds Weigh In On Inspired Entertainment
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Private Management Group Inc. grew its stake in shares of Inspired Entertainment by 0.8% during the second quarter. Private Management Group Inc. now owns 1,282,590 shares of the company’s stock worth $10,581,000 after buying an additional 9,711 shares during the last quarter. Bank of America Corp DE bought a new position in shares of Inspired Entertainment in the 2nd quarter valued at $188,000. Jupiter Topco LLC bought a new position in shares of Inspired Entertainment in the 2nd quarter valued at $11,047,000. Ancora Advisors LLC bought a new position in shares of Inspired Entertainment in the 2nd quarter valued at $1,330,000. Finally, JB Capital Partners LP acquired a new stake in shares of Inspired Entertainment during the 2nd quarter valued at $536,250. Institutional investors own 77.38% of the company’s stock.
About Inspired Entertainment
Inspired Entertainment, Inc (NASDAQ:INSE) is a global business-to-business provider of gaming, leisure and entertainment technology. The company develops and supplies content, hardware and software for regulated gaming operators, lotteries, betting companies, casinos, pubs and other leisure venues.
Its product portfolio includes gaming terminals and associated systems, digital casino games, virtual sports and interactive gaming content. Inspired’s virtual sports products simulate sporting events for betting and gaming applications, while its digital offerings support online, mobile and retail gaming environments.
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