JMP Securities Reiterates Market Outperform Rating for Inspired Entertainment (NASDAQ:INSE)

JMP Securities restated their market outperform rating on shares of Inspired Entertainment (NASDAQ:INSE) in a research note published on Tuesday, Benzinga reports. They currently have a $15.00 price target on the stock.

Other equities research analysts also recently issued reports about the company. Macquarie downgraded Inspired Entertainment from an outperform rating to a neutral rating and lowered their price target for the company from $16.00 to $10.00 in a report on Wednesday, January 17th. B. Riley started coverage on Inspired Entertainment in a report on Friday, April 5th. They issued a buy rating and a $21.00 price target for the company. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Inspired Entertainment presently has a consensus rating of Moderate Buy and a consensus target price of $16.25.

Inspired Entertainment Trading Up 1.3 %

Shares of NASDAQ INSE opened at $8.89 on Tuesday. Inspired Entertainment has a twelve month low of $6.12 and a twelve month high of $16.01. The company has a market capitalization of $236.12 million, a price-to-earnings ratio of 35.56 and a beta of 1.42. The business has a 50 day simple moving average of $9.46 and a 200-day simple moving average of $9.39.

Inspired Entertainment (NASDAQ:INSE) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.12 earnings per share for the quarter. Inspired Entertainment had a negative return on equity of 16.61% and a net margin of 3.22%. The business had revenue of $97.50 million during the quarter. As a group, equities analysts predict that Inspired Entertainment will post 0.76 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in INSE. Cannell Capital LLC grew its stake in Inspired Entertainment by 28.8% during the 3rd quarter. Cannell Capital LLC now owns 1,409,672 shares of the company’s stock worth $16,860,000 after buying an additional 315,530 shares during the last quarter. Portolan Capital Management LLC grew its stake in Inspired Entertainment by 104.1% during the 1st quarter. Portolan Capital Management LLC now owns 489,720 shares of the company’s stock worth $6,024,000 after buying an additional 249,794 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Inspired Entertainment by 250.3% during the 1st quarter. Ameriprise Financial Inc. now owns 338,480 shares of the company’s stock worth $4,329,000 after buying an additional 241,866 shares during the last quarter. State Street Corp grew its stake in Inspired Entertainment by 221.9% during the 2nd quarter. State Street Corp now owns 267,868 shares of the company’s stock worth $2,306,000 after buying an additional 184,648 shares during the last quarter. Finally, Private Management Group Inc. acquired a new position in Inspired Entertainment during the 4th quarter worth $1,772,000. 77.38% of the stock is currently owned by institutional investors.

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.