Russell Investments Group Ltd. boosted its stake in shares of Inspired Entertainment, Inc. (NASDAQ:INSE - Free Report) by 38.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 146,085 shares of the company's stock after acquiring an additional 40,612 shares during the quarter. Russell Investments Group Ltd. owned 0.55% of Inspired Entertainment worth $1,322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also bought and sold shares of INSE. Barclays PLC boosted its stake in shares of Inspired Entertainment by 314.1% during the third quarter. Barclays PLC now owns 31,321 shares of the company's stock valued at $291,000 after purchasing an additional 23,757 shares during the period. Geode Capital Management LLC raised its holdings in Inspired Entertainment by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 521,451 shares of the company's stock valued at $4,835,000 after buying an additional 4,233 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Inspired Entertainment during the 4th quarter valued at $97,000. State Street Corp boosted its position in Inspired Entertainment by 0.7% during the 3rd quarter. State Street Corp now owns 405,625 shares of the company's stock valued at $3,760,000 after buying an additional 2,675 shares during the period. Finally, Foundry Partners LLC grew its holdings in Inspired Entertainment by 10.3% in the 4th quarter. Foundry Partners LLC now owns 583,775 shares of the company's stock worth $5,283,000 after acquiring an additional 54,395 shares during the last quarter. 77.38% of the stock is currently owned by institutional investors.
Inspired Entertainment Stock Performance
Shares of NASDAQ INSE traded down $0.19 during mid-day trading on Wednesday, hitting $7.43. 55,639 shares of the stock traded hands, compared to its average volume of 117,949. The company has a market cap of $199.90 million, a price-to-earnings ratio of -742.26 and a beta of 1.27. The stock has a fifty day moving average price of $8.86 and a 200-day moving average price of $9.28. Inspired Entertainment, Inc. has a 52 week low of $6.51 and a 52 week high of $11.61.
Inspired Entertainment (NASDAQ:INSE - Get Free Report) last issued its quarterly earnings results on Monday, March 17th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.13). Inspired Entertainment had a negative net margin of 0.10% and a negative return on equity of 6.35%. The business had revenue of $83.00 million for the quarter, compared to analysts' expectations of $79.19 million. As a group, sell-side analysts predict that Inspired Entertainment, Inc. will post 0.3 EPS for the current fiscal year.
Wall Street Analyst Weigh In
INSE has been the subject of a number of analyst reports. JMP Securities dropped their target price on shares of Inspired Entertainment from $14.00 to $13.00 and set a "market outperform" rating for the company in a report on Thursday, April 17th. New Street Research set a $21.00 price objective on Inspired Entertainment in a report on Friday, March 14th. Truist Financial set a $19.00 target price on Inspired Entertainment in a research note on Friday, March 14th. Piper Sandler dropped their price target on Inspired Entertainment from $13.00 to $11.00 and set a "buy" rating for the company in a research note on Wednesday. Finally, B. Riley assumed coverage on shares of Inspired Entertainment in a research report on Tuesday, April 8th. They set a "buy" rating and a $13.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $14.50.
View Our Latest Stock Analysis on INSE
About Inspired Entertainment
(
Free Report)
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.
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