Inspired Entertainment, Inc. (NASDAQ:INSE – Get Free Report) has received a consensus recommendation of “Hold” from the five analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $14.50.
A number of equities research analysts have weighed in on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Inspired Entertainment in a research note on Friday, September 4th. Citigroup restated a “market outperform” rating on shares of Inspired Entertainment in a research note on Tuesday. Citizens Jmp dropped their price target on Inspired Entertainment from $11.00 to $9.00 and set a “market outperform” rating on the stock in a research note on Tuesday. Zacks Research lowered Inspired Entertainment from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. Finally, BWS Financial cut Inspired Entertainment from a “buy” rating to a “neutral” rating in a research report on Tuesday, September 29th.
View Our Latest Research Report on INSE
Inspired Entertainment Stock Down 4.1%
Inspired Entertainment (NASDAQ:INSE – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $60.80 million during the quarter, compared to analyst estimates of $64.04 million. On average, sell-side analysts predict that Inspired Entertainment will post 0.20 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in INSE. BlackRock Inc. bought a new stake in shares of Inspired Entertainment during the 2nd quarter valued at $19,175,000. Jupiter Topco LLC purchased a new position in shares of Inspired Entertainment in the second quarter valued at about $11,047,000. Ancora Advisors LLC bought a new position in shares of Inspired Entertainment in the second quarter worth about $1,330,000. Deutsche Bank AG bought a new position in shares of Inspired Entertainment in the second quarter worth about $208,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Inspired Entertainment in the second quarter worth about $764,000. 77.38% of the stock is currently owned by institutional investors.
About Inspired Entertainment
Inspired Entertainment, Inc (NASDAQ: INSE) is a business-to-business gaming technology company that develops and supplies content, platforms and systems for gaming, betting and leisure operators. Its offerings are designed for use across retail betting shops, gaming venues, casinos, lotteries and online gaming channels.
The company’s products include virtual sports and other digital gaming content, electronic gaming machines, server-based gaming systems, online casino games and mobile gaming solutions.
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