Inspired Entertainment, Inc. (NASDAQ:INSE – Get Free Report) shares passed above its 50 day moving average during trading on Tuesday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The stock has a 50 day moving average of $4.11 and traded as high as $4.70. Inspired Entertainment shares last traded at $4.65, with a volume of 563,477 shares changing hands.
Several other brokerages 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. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Inspired Entertainment has a consensus rating of “Hold” and an average target price of $9.81.
View Our Latest Stock Analysis on Inspired Entertainment
Institutional Investors Weigh In On Inspired Entertainment
Several hedge funds and other institutional investors have recently bought and sold shares of INSE. BlackRock Inc. bought a new position in shares of Inspired Entertainment during the 2nd quarter worth approximately $19,175,000. Jupiter Topco LLC purchased a new position in shares of Inspired Entertainment in the 2nd quarter worth approximately $11,047,000. Prescott Group Capital Management L.L.C. boosted its stake in shares of Inspired Entertainment by 60.5% in the 3rd quarter. Prescott Group Capital Management L.L.C. now owns 574,750 shares of the company’s stock worth $1,977,000 after buying an additional 216,558 shares during the last quarter. Ancora Advisors LLC bought a new position in shares of Inspired Entertainment in the second quarter valued at approximately $1,330,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Inspired Entertainment in the second quarter valued at approximately $764,000. 77.38% of the stock is owned by institutional investors.
Inspired Entertainment Price Performance
The company has a market capitalization of $122.62 million, a P/E ratio of -17.88 and a beta of 1.16. The firm has a fifty day moving average price of $4.11 and a 200-day moving average price of $6.55.
Inspired Entertainment (NASDAQ:INSE – Get Free Report) last issued its quarterly earnings results on Thursday, November 5th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.08. The company had revenue of $61.40 million for the quarter, compared to the consensus estimate of $64.52 million. Inspired Entertainment had a negative net margin of 2.96% and a negative return on equity of 30.08%. On average, research analysts forecast that Inspired Entertainment, Inc. will post 0.12 EPS for the current year.
Inspired Entertainment Company Profile
Inspired Entertainment, Inc. is a business-to-business gaming technology company that develops and supplies content, software, hardware and related services for regulated gaming, betting and leisure markets. Its customers include bookmakers, casinos, gaming operators, lotteries and other entertainment venues. The company’s offerings include gaming terminals and server-based gaming systems, digital casino games, virtual sports and other simulated sporting events, as well as interactive gaming solutions for online and mobile platforms.
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