Zacks Research Upgrades Inspired Entertainment (NASDAQ:INSE) to Strong-Buy

Inspired Entertainment (NASDAQ:INSE) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Several other research analysts have also recently issued reports on INSE. Weiss Ratings reiterated a “sell (d)” rating on shares of Inspired Entertainment in a report on Monday, June 8th. BWS Financial reiterated a “buy” rating and set a $20.00 price objective on shares of Inspired Entertainment in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $15.00.

Inspired Entertainment Stock Performance

Inspired Entertainment stock opened at $8.25 on Monday. The company has a 50-day simple moving average of $7.59 and a 200-day simple moving average of $8.01. The firm has a market capitalization of $220.03 million, a P/E ratio of -13.52 and a beta of 1.22. Inspired Entertainment has a one year low of $6.10 and a one year high of $9.95.

Inspired Entertainment (NASDAQ:INSE) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.13. Inspired Entertainment had a negative net margin of 5.78% and a negative return on equity of 1,176.67%. The company had revenue of $57.20 million for the quarter, compared to analyst estimates of $58.89 million. As a group, sell-side analysts forecast that Inspired Entertainment will post 0.28 earnings per share for the current year.

Institutional Trading of Inspired Entertainment

Several large investors have recently modified their holdings of INSE. Kanen Wealth Management LLC lifted its holdings in shares of Inspired Entertainment by 50.9% during the first quarter. Kanen Wealth Management LLC now owns 2,006,017 shares of the company’s stock worth $18,929,000 after buying an additional 676,988 shares during the last quarter. Potomac Capital Management Inc. acquired a new position in shares of Inspired Entertainment in the fourth quarter valued at $6,089,000. Teton Advisors LLC bought a new position in shares of Inspired Entertainment during the 3rd quarter worth about $1,903,000. Marshall Wace LLP boosted its holdings in shares of Inspired Entertainment by 233.7% in the 2nd quarter. Marshall Wace LLP now owns 208,062 shares of the company’s stock worth $1,700,000 after acquiring an additional 145,720 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in Inspired Entertainment by 98.6% in the first quarter. Sei Investments Co. now owns 152,803 shares of the company’s stock valued at $1,089,000 after acquiring an additional 75,882 shares during the last quarter. 77.38% of the stock is owned by institutional investors.

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.