JMP Securities reissued their market outperform rating on shares of Inspired Entertainment (NASDAQ:INSE - Free Report) in a research report report published on Thursday,Benzinga reports. They currently have a $14.00 target price on the stock.
Separately, Craig Hallum upgraded Inspired Entertainment to a "strong-buy" rating in a research report on Thursday, October 17th.
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Inspired Entertainment Stock Performance
Shares of INSE traded down $0.06 during mid-day trading on Thursday, reaching $9.33. 127,116 shares of the company's stock traded hands, compared to its average volume of 112,352. Inspired Entertainment has a 12 month low of $7.51 and a 12 month high of $11.00. The stock has a market capitalization of $247.97 million, a P/E ratio of -932.07 and a beta of 1.40. The business's 50-day moving average price is $9.40 and its 200-day moving average price is $9.14.
Institutional Investors Weigh In On Inspired Entertainment
Several hedge funds and other institutional investors have recently added to or reduced their stakes in INSE. SkyView Investment Advisors LLC boosted its stake in Inspired Entertainment by 4.4% during the 3rd quarter. SkyView Investment Advisors LLC now owns 27,674 shares of the company's stock valued at $257,000 after purchasing an additional 1,174 shares in the last quarter. State Street Corp grew its holdings in Inspired Entertainment by 0.7% during the third quarter. State Street Corp now owns 405,625 shares of the company's stock worth $3,760,000 after acquiring an additional 2,675 shares during the period. Bfsg LLC raised its position in Inspired Entertainment by 39.0% in the third quarter. Bfsg LLC now owns 13,725 shares of the company's stock worth $127,000 after acquiring an additional 3,850 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Inspired Entertainment by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 521,451 shares of the company's stock valued at $4,835,000 after acquiring an additional 4,233 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Inspired Entertainment by 15.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 65,768 shares of the company's stock valued at $602,000 after purchasing an additional 8,753 shares in the last quarter. Institutional investors own 77.38% of the company's stock.
Inspired Entertainment Company Profile
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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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