Inspired Entertainment (NASDAQ:INSE – Get Free Report) had its target price decreased by B. Riley Financial from $13.00 to $8.75 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. B. Riley Financial‘s target price would indicate a potential upside of 168.40% from the company’s previous close.
A number of other brokerages also recently issued reports on INSE. Zacks Research downgraded Inspired Entertainment from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. Truist Financial dropped their price objective on shares of Inspired Entertainment from $12.00 to $8.00 and set a “buy” rating on the stock in a research note on Tuesday. Citizens Jmp dropped their price objective on shares of Inspired Entertainment from $11.00 to $9.00 and set a “market outperform” rating on the stock in a research note on Tuesday, October 13th. Citigroup reaffirmed a “market outperform” rating on shares of Inspired Entertainment in a report on Tuesday, October 13th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Inspired Entertainment in a research note on Friday, September 4th. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $11.44.
Get Our Latest Analysis on INSE
Inspired Entertainment Stock Up 1.9%
Shares of INSE opened at $3.26 on Friday. Inspired Entertainment has a 52 week low of $3.10 and a 52 week high of $9.95. The company has a market capitalization of $85.93 million, a price-to-earnings ratio of 24.61 and a beta of 1.23. The stock’s 50-day moving average price is $4.70 and its 200-day moving average price is $6.37.
Inspired Entertainment (NASDAQ:INSE – Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.03 by $0.02. The firm had revenue of $60.80 million for the quarter, compared to analyst estimates of $64.04 million. Inspired Entertainment had a negative return on equity of 30.08% and a negative net margin of 3.34%. As a group, equities analysts anticipate that Inspired Entertainment will post 0.20 EPS for the current fiscal year.
Institutional Investors Weigh In On Inspired Entertainment
A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. purchased a new position in shares of Inspired Entertainment in the 2nd quarter valued at about $19,175,000. Jupiter Topco LLC acquired a new position in Inspired Entertainment in the 2nd quarter worth about $11,047,000. Ancora Advisors LLC purchased a new position in Inspired Entertainment during the second quarter worth approximately $1,330,000. Private Management Group Inc. boosted its position in 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 purchasing an additional 9,711 shares in the last quarter. Finally, Focused Alpha LLC purchased a new position in Inspired Entertainment during the second quarter worth approximately $112,000. 77.38% of the stock is currently owned by institutional investors and hedge funds.
Inspired Entertainment Company Profile
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.
Further Reading
- Five stocks we like better than Inspired Entertainment
- WD-40 Could Reward Patient Investors—Here’s Why
- NextEra and Dominion Have a Deal—Now Comes the Hard Part
- Microsoft’s Earnings Problem: Even Great May Not Be Enough
- 3 Stocks With Yields Big Enough to Make Election Volatility Easier to Stomach
Receive News & Ratings for Inspired Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inspired Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.
