Inspired Entertainment (NASDAQ:INSE – Get Free Report) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.
Several other analysts also recently weighed in on INSE. Weiss Ratings restated a “sell (d)” rating on shares of Inspired Entertainment in a research report on Monday, June 8th. BWS Financial reiterated a “buy” rating and issued a $20.00 target price on shares of Inspired Entertainment in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $15.00.
Check Out Our Latest Report on Inspired Entertainment
Inspired Entertainment Price Performance
Inspired Entertainment (NASDAQ:INSE – Get Free Report) last released its earnings results on Thursday, May 7th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.13. The business had revenue of $57.20 million for the quarter, compared to the consensus estimate of $58.89 million. On average, analysts expect that Inspired Entertainment will post 0.28 earnings per share for the current fiscal year.
Institutional Trading of Inspired Entertainment
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. LSV Asset Management acquired a new position in shares of Inspired Entertainment during the fourth quarter worth $93,000. BNP Paribas Financial Markets boosted its holdings in shares of Inspired Entertainment by 428.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 13,437 shares of the company’s stock valued at $110,000 after acquiring an additional 10,892 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Inspired Entertainment during the 1st quarter valued at $123,000. Clarus Group Inc. grew its position in Inspired Entertainment by 16.2% during the 1st quarter. Clarus Group Inc. now owns 15,591 shares of the company’s stock worth $111,000 after acquiring an additional 2,170 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in Inspired Entertainment by 28.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,085 shares of the company’s stock worth $151,000 after acquiring an additional 3,571 shares during the last quarter. Institutional investors own 77.38% of the company’s stock.
About Inspired Entertainment
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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