Inspired Entertainment (NASDAQ:INSE) Given Buy Rating at BWS Financial

Inspired Entertainment (NASDAQ:INSE)‘s stock had its “buy” rating restated by investment analysts at BWS Financial in a research report issued on Monday,Benzinga reports. They currently have a $20.00 target price on the stock. BWS Financial’s price target indicates a potential upside of 167.38% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Zacks Research raised Inspired Entertainment from a “strong sell” rating to a “hold” rating in a research report on Friday, September 5th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Inspired Entertainment in a research note on Thursday. Finally, Macquarie restated a “neutral” rating and set a $10.00 price objective on shares of Inspired Entertainment in a research report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $14.00.

Inspired Entertainment Stock Down 3.9%

Shares of NASDAQ:INSE traded down $0.30 on Monday, hitting $7.48. 23,474 shares of the company traded hands, compared to its average volume of 136,236. The stock has a 50 day simple moving average of $8.61 and a 200-day simple moving average of $8.48. The company has a market cap of $201.44 million, a PE ratio of 3.76 and a beta of 1.70. Inspired Entertainment has a 52 week low of $6.51 and a 52 week high of $11.61.

Inspired Entertainment (NASDAQ:INSE) last issued its earnings results on Tuesday, November 29th. The company reported $0.30 EPS for the quarter. The business had revenue of $77.60 million for the quarter. Inspired Entertainment had a negative return on equity of 1,176.67% and a net margin of 18.78%. As a group, sell-side analysts anticipate that Inspired Entertainment will post 0.3 earnings per share for the current year.

Institutional Trading of Inspired Entertainment

Hedge funds have recently bought and sold shares of the stock. Nuveen LLC bought a new stake in shares of Inspired Entertainment in the first quarter worth about $643,000. Krilogy Financial LLC bought a new stake in Inspired Entertainment in the second quarter worth $245,000. Kanen Wealth Management LLC grew its position in Inspired Entertainment by 19.1% in the second quarter. Kanen Wealth Management LLC now owns 2,389,007 shares of the company’s stock worth $19,518,000 after acquiring an additional 382,990 shares in the last quarter. XTX Topco Ltd lifted its stake in shares of Inspired Entertainment by 26.8% in the 1st quarter. XTX Topco Ltd now owns 19,272 shares of the company’s stock valued at $165,000 after purchasing an additional 4,072 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its position in shares of Inspired Entertainment by 170.7% during the 2nd quarter. Los Angeles Capital Management LLC now owns 62,183 shares of the company’s stock valued at $508,000 after purchasing an additional 39,215 shares during the last quarter. Hedge funds and other institutional investors own 77.38% of the company’s stock.

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.