Inspired Entertainment (NASDAQ:INSE) Shares Down 5.5% – Should You Sell?

Inspired Entertainment, Inc. (NASDAQ:INSE) shares were down 5.5% during mid-day trading on Wednesday. The company traded as low as $3.74 and last traded at $3.75. Approximately 189,749 shares changed hands during mid-day trading, a decline of 55% from the average daily volume of 420,187 shares. The stock had previously closed at $3.97.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on INSE shares. BWS Financial downgraded Inspired Entertainment from a “buy” rating to a “neutral” rating in a report on Tuesday, September 29th. Zacks Research lowered Inspired Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Inspired Entertainment in a research note on Friday, September 4th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $20.00.

Inspired Entertainment Trading Up 2.8%

The company’s fifty day moving average is $5.33 and its 200-day moving average is $6.61. The firm has a market capitalization of $95.42 million, a P/E ratio of -10.98 and a beta of 1.23.

Inspired Entertainment (NASDAQ:INSE) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. The business 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%. On average, equities research analysts anticipate that Inspired Entertainment, Inc. will post 0.2 EPS for the current year.

Hedge Funds Weigh In On Inspired Entertainment

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Private Management Group Inc. raised its stake in shares of Inspired Entertainment by 0.8% in the second quarter. Private Management Group Inc. now owns 1,282,590 shares of the company’s stock valued at $10,581,000 after purchasing an additional 9,711 shares in the last quarter. Bank of America Corp DE acquired a new position in Inspired Entertainment in the second quarter valued at about $188,000. Jupiter Topco LLC acquired a new position in Inspired Entertainment in the second quarter valued at about $11,047,000. Ancora Advisors LLC bought a new stake in Inspired Entertainment during the second quarter worth about $1,330,000. Finally, JB Capital Partners LP bought a new stake in Inspired Entertainment during the second quarter worth about $536,250. 77.38% of the stock is currently owned by institutional investors.

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.