Inspired Entertainment (NASDAQ:INSE) Stock Rating Reaffirmed by JMP Securities

JMP Securities reiterated their market outperform rating on shares of Inspired Entertainment (NASDAQ:INSE) in a research report released on Tuesday, Benzinga reports. They currently have a $15.00 price target on the stock.

Several other research firms have also recently commented on INSE. Macquarie cut Inspired Entertainment from an outperform rating to a neutral rating and cut their price target for the stock from $16.00 to $10.00 in a research note on Wednesday, January 17th. B. Riley assumed coverage on Inspired Entertainment in a research note on Friday, April 5th. They set a buy rating and a $21.00 price target for the company. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Inspired Entertainment presently has an average rating of Moderate Buy and an average target price of $16.25.

Inspired Entertainment Trading Up 1.3 %

Shares of NASDAQ INSE opened at $8.89 on Tuesday. Inspired Entertainment has a twelve month low of $6.12 and a twelve month high of $16.01. The stock has a 50 day moving average of $9.46 and a two-hundred day moving average of $9.39. The stock has a market cap of $236.12 million, a P/E ratio of 35.56 and a beta of 1.42.

Inspired Entertainment (NASDAQ:INSE) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.12 EPS for the quarter. Inspired Entertainment had a negative return on equity of 16.61% and a net margin of 3.22%. The business had revenue of $97.50 million during the quarter. As a group, research analysts predict that Inspired Entertainment will post 0.76 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Cannell Capital LLC grew its holdings in Inspired Entertainment by 11.0% during the fourth quarter. Cannell Capital LLC now owns 1,564,923 shares of the company’s stock worth $15,461,000 after acquiring an additional 155,251 shares during the period. BlackRock Inc. grew its holdings in Inspired Entertainment by 2.9% during the second quarter. BlackRock Inc. now owns 1,457,562 shares of the company’s stock worth $21,441,000 after acquiring an additional 41,574 shares during the period. Vanguard Group Inc. grew its holdings in Inspired Entertainment by 9.2% during the fourth quarter. Vanguard Group Inc. now owns 662,531 shares of the company’s stock worth $6,546,000 after acquiring an additional 55,950 shares during the period. Portolan Capital Management LLC grew its holdings in Inspired Entertainment by 104.1% during the first quarter. Portolan Capital Management LLC now owns 489,720 shares of the company’s stock worth $6,024,000 after acquiring an additional 249,794 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Inspired Entertainment by 4.0% in the second quarter. Geode Capital Management LLC now owns 459,356 shares of the company’s stock valued at $6,757,000 after purchasing an additional 17,497 shares during the last quarter. Institutional investors and hedge funds own 77.38% of the company’s stock.

About Inspired Entertainment

Inspired Entertainment, Inc, a gaming technology company, engages in the supply of content, platform, and other products and services to regulated lottery, betting, and gaming operators worldwide. It operates in four segments: Gaming, Virtual Sports, Interactive, and Leisure. The Gaming segment supplies gaming terminals and software to betting offices, casinos, gaming halls, and high street adult gaming centers; a portfolio of games through its digital terminals under the Centurion and Super Hot Fruits names; and traditional casino games, such as roulette, blackjack, and number games.