Inspired Entertainment (NASDAQ:INSE) Stock Crosses Below Fifty Day Moving Average - Time to Sell?

Inspired Entertainment, Inc. (NASDAQ:INSE - Get Free Report) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $9.80 and traded as low as $8.50. Inspired Entertainment shares last traded at $8.67, with a volume of 129,598 shares traded.

Wall Street Analyst Weigh In

INSE has been the topic of several analyst reports. Truist Financial set a $19.00 price target on Inspired Entertainment in a report on Friday, March 14th. New Street Research set a $21.00 target price on shares of Inspired Entertainment in a research note on Friday, March 14th. Finally, JMP Securities restated a "market outperform" rating and set a $14.00 price target on shares of Inspired Entertainment in a report on Friday, March 14th.

Inspired Entertainment Trading Up 0.7 %

The business's fifty day simple moving average is $9.76 and its two-hundred day simple moving average is $9.53. The stock has a market capitalization of $225.78 million, a P/E ratio of -848.65 and a beta of 1.38.

Inspired Entertainment (NASDAQ:INSE - Get Free Report) last released its earnings results on Monday, March 17th. The company reported $0.16 earnings per share 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 firm had revenue of $83.00 million for the quarter, compared to analyst estimates of $79.19 million. On average, equities research analysts anticipate that Inspired Entertainment, Inc. will post 0.3 earnings per share for the current year.

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Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of INSE. SkyView Investment Advisors LLC increased its holdings in Inspired Entertainment by 4.4% in the 3rd quarter. SkyView Investment Advisors LLC now owns 27,674 shares of the company's stock valued at $257,000 after buying an additional 1,174 shares during the period. Millennium Management LLC boosted its position in shares of Inspired Entertainment by 8.9% during the 4th quarter. Millennium Management LLC now owns 15,713 shares of the company's stock valued at $142,000 after acquiring an additional 1,287 shares in the last quarter. Clarus Group Inc. increased its stake in Inspired Entertainment by 12.0% in the fourth quarter. Clarus Group Inc. now owns 14,019 shares of the company's stock valued at $127,000 after acquiring an additional 1,500 shares during the period. State Street Corp raised its position in Inspired Entertainment by 0.7% in the third quarter. State Street Corp now owns 405,625 shares of the company's stock worth $3,760,000 after purchasing an additional 2,675 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Inspired Entertainment by 51.0% during the fourth quarter. Wells Fargo & Company MN now owns 10,350 shares of the company's stock worth $94,000 after purchasing an additional 3,494 shares during the period. 77.38% of the stock is currently owned by institutional investors and hedge funds.

About Inspired Entertainment

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.