Inspired Entertainment (NASDAQ:INSE) Given “Buy” Rating at BWS Financial

Inspired Entertainment (NASDAQ:INSE)‘s stock had its “buy” rating reaffirmed by BWS Financial in a note issued to investors on Wednesday,Benzinga reports. They currently have a $20.00 target price on the stock. BWS Financial’s price objective indicates a potential upside of 180.70% from the company’s current price.

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Inspired Entertainment in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Inspired Entertainment presently has a consensus rating of “Moderate Buy” and an average target price of $14.00.

Inspired Entertainment Trading Down 9.8%

Shares of INSE stock traded down $0.78 during trading hours on Wednesday, hitting $7.13. The company’s stock had a trading volume of 157,533 shares, compared to its average volume of 79,172. The business has a fifty day moving average of $8.76 and a 200-day moving average of $8.71. The stock has a market cap of $191.85 million, a price-to-earnings ratio of 3.58 and a beta of 1.23. Inspired Entertainment has a twelve month low of $6.51 and a twelve month high of $10.29.

Inspired Entertainment (NASDAQ:INSE) last issued its quarterly earnings data on Tuesday, March 10th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.43). The company had revenue of $77.20 million during the quarter, compared to analysts’ expectations of $76.08 million. Inspired Entertainment had a net margin of 18.78% and a negative return on equity of 1,176.67%. On average, equities analysts expect that Inspired Entertainment will post 0.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INSE. Kanen Wealth Management LLC increased its stake in Inspired Entertainment by 12.3% during the third quarter. Kanen Wealth Management LLC now owns 2,683,969 shares of the company’s stock worth $25,085,000 after acquiring an additional 294,962 shares during the last quarter. Samjo Management LLC grew its holdings in shares of Inspired Entertainment by 5.7% during the 2nd quarter. Samjo Management LLC now owns 2,077,510 shares of the company’s stock worth $16,973,000 after purchasing an additional 111,900 shares during the period. Private Management Group Inc. increased its position in Inspired Entertainment by 0.7% during the 3rd quarter. Private Management Group Inc. now owns 1,313,904 shares of the company’s stock worth $12,324,000 after purchasing an additional 8,900 shares in the last quarter. Brown Advisory Inc. raised its holdings in Inspired Entertainment by 8.4% in the fourth quarter. Brown Advisory Inc. now owns 900,633 shares of the company’s stock valued at $8,430,000 after buying an additional 70,000 shares during the period. Finally, CSM Advisors LLC lifted its position in Inspired Entertainment by 8.8% during the fourth quarter. CSM Advisors LLC now owns 707,428 shares of the company’s stock valued at $6,621,000 after buying an additional 57,485 shares in the last quarter. Institutional investors and hedge funds own 77.38% of the company’s stock.

About Inspired Entertainment

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.