Inspired Entertainment (NASDAQ:INSE) Stock Price Passes Below 50 Day Moving Average – Here’s Why

Inspired Entertainment, Inc. (NASDAQ:INSE) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $7.33 and traded as low as $6.15. Inspired Entertainment shares last traded at $6.18, with a volume of 147,751 shares traded.

Analysts Set New Price Targets

A number of analysts recently commented on INSE shares. BWS Financial restated a “buy” rating and issued a $20.00 price objective on shares of Inspired Entertainment in a research report on Monday, May 11th. Weiss Ratings reissued a “sell (d)” rating on shares of Inspired Entertainment in a research note on Monday, June 8th. Finally, Zacks Research lowered Inspired Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $20.00.

Inspired Entertainment Trading Down 0.8%

The stock has a market cap of $162.90 million, a price-to-earnings ratio of -18.73 and a beta of 1.22. The company has a 50 day simple moving average of $7.33 and a 200-day simple moving average of $7.50.

Inspired Entertainment (NASDAQ:INSE) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.02. The company had revenue of $60.80 million during the quarter, compared to analysts’ expectations of $64.04 million. Inspired Entertainment had a negative return on equity of 30.08% and a negative net margin of 3.34%. Equities analysts forecast that Inspired Entertainment, Inc. will post 0.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Inspired Entertainment

Several hedge funds have recently made changes to their positions in the business. Kanen Wealth Management LLC boosted its holdings 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 purchasing an additional 294,962 shares during the last quarter. BlackRock Inc. bought a new stake in Inspired Entertainment during the 2nd quarter worth about $19,175,000. Janus Henderson Group PLC lifted its position 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 in the last quarter. Brown Advisory Inc. boosted its stake in shares of Inspired Entertainment by 8.4% during the 4th quarter. Brown Advisory Inc. now owns 900,633 shares of the company’s stock worth $8,430,000 after buying an additional 70,000 shares during the last quarter. Finally, CSM Advisors LLC boosted its stake in shares of Inspired Entertainment by 8.8% during the 4th quarter. CSM Advisors LLC now owns 707,428 shares of the company’s stock worth $6,621,000 after buying an additional 57,485 shares during the last quarter. 77.38% of the stock is owned by institutional investors.

Inspired Entertainment Company Profile

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.