Inspired Entertainment (NASDAQ:INSE) Shares Cross Below Fifty Day Moving Average – Time to Sell?

Inspired Entertainment, Inc. (NASDAQ:INSE)’s stock price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $7.33 and traded as low as $6.15. Inspired Entertainment shares last traded at $6.18, with a volume of 147,751 shares traded.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on INSE. BWS Financial reaffirmed a “buy” rating and set a $20.00 price objective on shares of Inspired Entertainment in a research note on Monday, May 11th. Zacks Research lowered shares of Inspired Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Inspired Entertainment in a report on Monday, June 8th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Inspired Entertainment currently has an average rating of “Hold” and an average price target of $20.00.

Inspired Entertainment Price Performance

The business has a 50 day simple moving average of $7.30 and a 200 day simple moving average of $7.48. The company has a market capitalization of $163.95 million, a price-to-earnings ratio of -18.85 and a beta of 1.22.

Inspired Entertainment (NASDAQ:INSE) last released its earnings results on Wednesday, August 5th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.02. The company had revenue of $60.80 million during the quarter, compared to the consensus estimate of $64.04 million. Inspired Entertainment had a negative return on equity of 30.08% and a negative net margin of 3.34%. On average, equities research analysts predict that Inspired Entertainment, Inc. will post 0.2 EPS for the current year.

Hedge Funds Weigh In On Inspired Entertainment

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in Inspired Entertainment in the second quarter worth approximately $19,175,000. Kanen Wealth Management LLC boosted its position in shares of Inspired Entertainment by 50.9% in the 1st quarter. Kanen Wealth Management LLC now owns 2,006,017 shares of the company’s stock valued at $18,929,000 after purchasing an additional 676,988 shares during the period. Potomac Capital Management Inc. acquired a new stake in shares of Inspired Entertainment in the fourth quarter valued at approximately $6,089,000. Ancora Advisors LLC acquired a new stake in Inspired Entertainment during the 2nd quarter worth $1,330,000. Finally, Marshall Wace LLP boosted its stake in shares of Inspired Entertainment by 233.7% during the second quarter. Marshall Wace LLP now owns 208,062 shares of the company’s stock worth $1,700,000 after buying an additional 145,720 shares during the period. Hedge funds and other institutional investors own 77.38% of the company’s stock.

Inspired Entertainment Company Profile

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.