Short Interest in Inspired Entertainment, Inc. (NASDAQ:INSE) Grows By 18.4%

Inspired Entertainment, Inc. (NASDAQ:INSE - Get Free Report) saw a large growth in short interest in March. As of March 31st, there was short interest totalling 608,500 shares, a growth of 18.4% from the March 15th total of 514,000 shares. Based on an average daily trading volume, of 153,200 shares, the days-to-cover ratio is presently 4.0 days. Approximately 2.5% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in INSE. Wells Fargo & Company MN increased its holdings in shares of Inspired Entertainment by 51.0% during the fourth quarter. Wells Fargo & Company MN now owns 10,350 shares of the company's stock valued at $94,000 after acquiring an additional 3,494 shares in the last quarter. Oxford Asset Management LLP acquired a new stake in Inspired Entertainment in the 4th quarter valued at $96,000. SG Americas Securities LLC bought a new stake in Inspired Entertainment during the 4th quarter valued at $97,000. Clarus Group Inc. raised its holdings in Inspired Entertainment by 12.0% during the fourth quarter. Clarus Group Inc. now owns 14,019 shares of the company's stock worth $127,000 after buying an additional 1,500 shares during the last quarter. Finally, Aptus Capital Advisors LLC bought a new position in shares of Inspired Entertainment in the fourth quarter valued at $127,000. 77.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on INSE. JMP Securities lowered their price objective on shares of Inspired Entertainment from $14.00 to $13.00 and set a "market outperform" rating for the company in a research report on Thursday, April 17th. Truist Financial set a $19.00 price objective on Inspired Entertainment in a research note on Friday, March 14th. B. Riley began coverage on Inspired Entertainment in a report on Tuesday, April 8th. They set a "buy" rating and a $13.00 target price on the stock. Piper Sandler decreased 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, New Street Research set a $21.00 price objective on Inspired Entertainment in a research note on Friday, March 14th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $14.50.

Inspired Entertainment Trading Up 1.1 %

INSE stock traded up $0.08 during mid-day trading on Thursday, reaching $7.51. The company's stock had a trading volume of 64,953 shares, compared to its average volume of 117,609. The company has a market cap of $202.06 million, a price-to-earnings ratio of -750.25 and a beta of 1.27. Inspired Entertainment has a 12 month low of $6.51 and a 12 month high of $11.61. The business's 50 day moving average price is $8.72 and its 200 day moving average price is $9.26.

Inspired Entertainment (NASDAQ:INSE - Get Free Report) last posted its quarterly earnings results on Monday, March 17th. The company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.13). Inspired Entertainment had a negative return on equity of 6.35% and a negative net margin of 0.10%. The company had revenue of $83.00 million during the quarter, compared to analyst estimates of $79.19 million. As a group, equities analysts expect that Inspired Entertainment will post 0.3 EPS for the current fiscal year.

Inspired Entertainment Company Profile

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.