Inspired Entertainment (NASDAQ:INSE) Stock Gets Price Target Cut from Citizens Jmp

Inspired Entertainment (NASDAQ:INSE) had its target price cut by Citizens Jmp from $11.00 to $9.00 in a report released on Tuesday,Benzinga reports. They currently have a market outperform rating on the stock.

Other analysts have also issued research reports about the stock. Zacks Research lowered shares of Inspired Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Weiss Ratings reissued a “sell (d)” rating on shares of Inspired Entertainment in a report on Friday, September 4th. Citigroup restated a “market outperform” rating on shares of Inspired Entertainment in a research report on Tuesday. Finally, BWS Financial lowered shares of Inspired Entertainment from a “buy” rating to a “neutral” rating in a report on Tuesday, September 29th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $14.50.

Inspired Entertainment Stock Down 1.5%

NASDAQ:INSE opened at $3.39 on Tuesday. The business’s 50 day moving average is $5.01 and its two-hundred day moving average is $6.50. Inspired Entertainment has a 52 week low of $3.20 and a 52 week high of $9.95. The company has a market cap of $89.36 million, a PE ratio of 26.46 and a beta of 1.23.

Inspired Entertainment (NASDAQ:INSE) last issued its earnings results on Wednesday, August 5th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.03 by $0.02. Inspired Entertainment had a negative return on equity of 30.08% and a negative net margin of 3.34%. The company had revenue of $60.80 million during the quarter, compared to analyst estimates of $64.04 million. As a group, sell-side analysts expect that Inspired Entertainment will post 0.20 EPS for the current fiscal year.

Institutional Trading of Inspired Entertainment

Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in shares of Inspired Entertainment in the 2nd quarter worth approximately $19,175,000. Jupiter Topco LLC acquired a new position in Inspired Entertainment during the 2nd quarter valued at approximately $11,047,000. Private Management Group Inc. grew its stake in Inspired Entertainment by 0.8% during the 2nd quarter. Private Management Group Inc. now owns 1,282,590 shares of the company’s stock worth $10,581,000 after buying an additional 9,711 shares during the last quarter. Janus Henderson Group PLC grew its stake in Inspired Entertainment by 2.0% during the 1st quarter. Janus Henderson Group PLC now owns 1,296,095 shares of the company’s stock worth $9,241,000 after buying an additional 25,820 shares during the last quarter. Finally, Gabelli Funds LLC grew its stake in Inspired Entertainment by 9.6% during the 1st quarter. Gabelli Funds LLC now owns 205,000 shares of the company’s stock worth $1,462,000 after buying an additional 18,000 shares during the last quarter. 77.38% of the stock is currently owned by institutional investors and hedge funds.

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.