Inspired Entertainment (NASDAQ:INSE - Get Free Report) had its price target dropped by JMP Securities from $14.00 to $13.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a "market outperform" rating on the stock. JMP Securities' target price would indicate a potential upside of 74.50% from the stock's previous close.
Other research analysts have also recently issued reports about the stock. Truist Financial set a $19.00 target price on shares of Inspired Entertainment in a report on Friday, March 14th. New Street Research set a $21.00 price objective on Inspired Entertainment in a report on Friday, March 14th. Finally, B. Riley started coverage on Inspired Entertainment in a report on Tuesday, April 8th. They issued a "buy" rating and a $13.00 target price on the stock.
View Our Latest Analysis on Inspired Entertainment
Inspired Entertainment Stock Performance
INSE traded up $0.12 during trading on Thursday, reaching $7.45. The company's stock had a trading volume of 14,707 shares, compared to its average volume of 117,842. The company's fifty day moving average price is $9.10 and its 200-day moving average price is $9.33. The company has a market capitalization of $200.44 million, a price-to-earnings ratio of -737.76 and a beta of 1.27. Inspired Entertainment has a 52-week low of $6.51 and a 52-week high of $11.61.
Inspired Entertainment (NASDAQ:INSE - Get Free Report) last released its 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). The business had revenue of $83.00 million during the quarter, compared to analyst estimates of $79.19 million. Inspired Entertainment had a negative net margin of 0.10% and a negative return on equity of 6.35%. Equities analysts predict that Inspired Entertainment will post 0.3 earnings per share for the current year.
Institutional Trading of Inspired Entertainment
Several institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp raised its stake in Inspired Entertainment by 0.7% in the 3rd quarter. State Street Corp now owns 405,625 shares of the company's stock valued at $3,760,000 after purchasing an additional 2,675 shares during the last quarter. Barclays PLC raised its position in shares of Inspired Entertainment by 314.1% in the third quarter. Barclays PLC now owns 31,321 shares of the company's stock valued at $291,000 after buying an additional 23,757 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Inspired Entertainment by 0.8% during the third 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 period. SkyView Investment Advisors LLC boosted its position in Inspired Entertainment by 4.4% during the third quarter. SkyView Investment Advisors LLC now owns 27,674 shares of the company's stock worth $257,000 after acquiring an additional 1,174 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Inspired Entertainment in the 4th quarter worth approximately $97,000. 77.38% of the stock is currently owned by hedge funds and other institutional investors.
About Inspired Entertainment
(
Get 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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