Inspired Entertainment (NASDAQ:INSE) Stock Gets Price Target Cut from B. Riley Financial

Inspired Entertainment (NASDAQ:INSE) had its price objective reduced by B. Riley Financial from $13.00 to $8.75 in a report released on Friday morning,Benzinga reports. B. Riley Financial currently has a buy rating on the stock.

Several other equities analysts also recently weighed in on INSE. Citigroup reissued a “market outperform” rating on shares of Inspired Entertainment in a research report on Tuesday, October 13th. Truist Financial dropped their price objective on shares of Inspired Entertainment from $12.00 to $8.00 and set a “buy” rating for the company in a research note on Tuesday, October 20th. BWS Financial cut shares of Inspired Entertainment from a “buy” rating to a “neutral” rating in a research report on Tuesday, September 29th. Zacks Research downgraded shares of Inspired Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Finally, Citizens Jmp dropped their price target on shares of Inspired Entertainment from $11.00 to $9.00 and set a “market outperform” rating for the company in a research note on Tuesday, October 13th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Inspired Entertainment currently has an average rating of “Hold” and a consensus target price of $11.44.

Inspired Entertainment Stock Performance

Shares of NASDAQ INSE opened at $3.17 on Friday. Inspired Entertainment has a 12-month low of $3.10 and a 12-month high of $9.95. The firm’s 50-day moving average price is $4.64 and its 200-day moving average price is $6.34. The stock has a market capitalization of $83.56 million, a price-to-earnings ratio of -9.61 and a beta of 1.23.

Inspired Entertainment (NASDAQ:INSE) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.02. The company had revenue of $60.80 million for the quarter, compared to analysts’ expectations of $64.04 million. Inspired Entertainment had a negative return on equity of 30.08% and a negative net margin of 3.34%. On average, equities analysts predict that Inspired Entertainment will post 0.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Inspired Entertainment

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in Inspired Entertainment in the 2nd quarter valued at about $19,175,000. Jupiter Topco LLC purchased a new stake in shares of Inspired Entertainment during the second quarter worth approximately $11,047,000. Ancora Advisors LLC purchased a new stake in shares of Inspired Entertainment during the second quarter worth approximately $1,330,000. Bank of New York Mellon Corp acquired a new stake in Inspired Entertainment in the second quarter valued at approximately $764,000. Finally, Sei Investments Co. raised its holdings in Inspired Entertainment by 98.6% in the first quarter. Sei Investments Co. now owns 152,803 shares of the company’s stock valued at $1,089,000 after acquiring an additional 75,882 shares in the last quarter. Hedge funds and other institutional investors own 77.38% of the company’s stock.

Inspired Entertainment Company Profile

Inspired Entertainment, Inc is a business-to-business gaming technology company that develops and supplies content, software, hardware and related services for regulated gaming, betting and leisure markets. Its customers include bookmakers, casinos, gaming operators, lotteries and other entertainment venues.

The company’s offerings include gaming terminals and server-based gaming systems, digital casino games, virtual sports and other simulated sporting events, as well as interactive gaming solutions for online and mobile platforms.