Inspired Entertainment, Inc. (NASDAQ:INSE) Stock Has Consensus Price Target of $14.50 According to Brokerages

Shares of Inspired Entertainment, Inc. (NASDAQ:INSE) have been assigned an average recommendation of “Hold” from the five research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $14.50.

Several research analysts have recently weighed in on INSE shares. BWS Financial cut shares of Inspired Entertainment from a “buy” rating to a “neutral” rating in a research note on Tuesday, September 29th. Weiss Ratings restated a “sell (d)” rating on shares of Inspired Entertainment in a research note on Friday, September 4th. Zacks Research lowered Inspired Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Citigroup reaffirmed a “market outperform” rating on shares of Inspired Entertainment in a report on Tuesday, October 13th. Finally, Citizens Jmp lowered their target price on Inspired Entertainment from $11.00 to $9.00 and set a “market outperform” rating on the stock in a research report on Tuesday, October 13th.

Inspired Entertainment Trading Down 2.1%

INSE opened at $3.20 on Tuesday. The company has a market cap of $84.35 million, a price-to-earnings ratio of 25.15 and a beta of 1.23. The company’s 50 day moving average is $4.88 and its 200 day moving average is $6.45. Inspired Entertainment has a 12-month low of $3.15 and a 12-month high of $9.95.

Inspired Entertainment (NASDAQ:INSE) last announced its earnings results on Wednesday, August 5th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $60.80 million during the quarter, compared to analyst estimates of $64.04 million. As a group, analysts predict that Inspired Entertainment will post 0.20 EPS for the current fiscal year.

Institutional Trading of Inspired Entertainment

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE increased its holdings in shares of Inspired Entertainment by 6.9% in the 1st quarter. Bank of America Corp DE now owns 25,577 shares of the company’s stock worth $182,000 after buying an additional 1,660 shares during the last quarter. Clarus Group Inc. raised its position in shares of Inspired Entertainment by 16.2% during the 1st quarter. Clarus Group Inc. now owns 15,591 shares of the company’s stock valued at $111,000 after buying an additional 2,170 shares in the last quarter. Private Management Group Inc. lifted its holdings in shares of Inspired Entertainment by 0.8% in the 2nd quarter. Private Management Group Inc. now owns 1,282,590 shares of the company’s stock valued at $10,581,000 after acquiring an additional 9,711 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in shares of Inspired Entertainment by 30.5% in the 1st quarter. Quantinno Capital Management LP now owns 42,145 shares of the company’s stock valued at $300,000 after acquiring an additional 9,858 shares during the last quarter. Finally, Focused Alpha LLC bought a new position in shares of Inspired Entertainment in the 2nd quarter valued at about $112,000. Hedge funds and other institutional investors own 77.38% of the company’s stock.

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.