Inspired Entertainment (NASDAQ:INSE) Rating Lowered to “Strong Sell” at Zacks Research

Inspired Entertainment (NASDAQ:INSE) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Thursday,Zacks.com reports.

Several other research analysts have also weighed in on the stock. BWS Financial reiterated a “buy” rating and set a $20.00 price objective on shares of Inspired Entertainment in a report on Wednesday. Weiss Ratings downgraded shares of Inspired Entertainment from a “hold (c-)” rating to a “sell (d)” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Inspired Entertainment currently has an average rating of “Moderate Buy” and an average price target of $12.83.

Inspired Entertainment Stock Performance

Shares of INSE opened at $6.58 on Thursday. The company’s 50 day simple moving average is $8.62 and its 200 day simple moving average is $8.67. The company has a market capitalization of $177.20 million, a price-to-earnings ratio of -11.15 and a beta of 1.23. Inspired Entertainment has a 1 year low of $6.51 and a 1 year high of $10.29.

Inspired Entertainment (NASDAQ:INSE) last posted 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). Inspired Entertainment had a negative return on equity of 1,176.67% and a negative net margin of 5.59%.The business had revenue of $77.20 million for the quarter, compared to analyst estimates of $76.08 million. Equities analysts expect that Inspired Entertainment will post 0.3 EPS for the current fiscal year.

Hedge Funds Weigh In On Inspired Entertainment

Institutional investors and hedge funds have recently bought and sold shares of the stock. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Inspired Entertainment during the fourth quarter valued at approximately $309,000. Millennium Management LLC acquired a new position in Inspired Entertainment in the 4th quarter worth $703,000. AQR Capital Management LLC boosted its position in Inspired Entertainment by 57.9% in the 4th quarter. AQR Capital Management LLC now owns 24,541 shares of the company’s stock valued at $230,000 after buying an additional 8,995 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Inspired Entertainment by 28.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,085 shares of the company’s stock valued at $151,000 after buying an additional 3,571 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Inspired Entertainment by 30.9% during the fourth quarter. Russell Investments Group Ltd. now owns 277,316 shares of the company’s stock valued at $2,596,000 after acquiring an additional 65,411 shares in the last quarter. 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 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.