Inspired Entertainment (NASDAQ:INSE) Stock Price Target Lowered at B. Riley Financial

Inspired Entertainment (NASDAQ:INSE) had its target price decreased by analysts at B. Riley Financial from $8.75 to $6.25 in a report issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. B. Riley Financial‘s price objective points to a potential upside of 76.30% from the stock’s current price.

INSE has been the topic of a number of other research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Inspired Entertainment in a research note on Friday, September 4th. Zacks Research lowered shares of Inspired Entertainment from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. Citizens Jmp reduced their price objective on shares of Inspired Entertainment from $9.00 to $7.00 and set a “market outperform” rating for the company in a research report on Friday. Citigroup restated a “market outperform” rating on shares of Inspired Entertainment in a research report on Tuesday, October 13th. Finally, Truist Financial decreased their price objective on shares of Inspired Entertainment from $12.00 to $8.00 and set a “buy” rating on the stock in a report on Tuesday, October 20th. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $10.31.

Inspired Entertainment Trading Up 1.3%

INSE traded up $0.04 during trading on Friday, hitting $3.54. The company’s stock had a trading volume of 405,995 shares, compared to its average volume of 182,949. Inspired Entertainment has a twelve month low of $3.10 and a twelve month high of $9.95. The business’s fifty day simple moving average is $4.21 and its 200 day simple moving average is $6.63. The firm has a market capitalization of $93.45 million, a price-to-earnings ratio of -10.61 and a beta of 1.16.

Inspired Entertainment (NASDAQ:INSE) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.08. The business had revenue of $61.40 million during the quarter, compared to analysts’ expectations of $64.52 million. Inspired Entertainment had a negative return on equity of 30.08% and a negative net margin of 3.34%. As a group, equities research analysts forecast that Inspired Entertainment will post 0.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Inspired Entertainment

A number of hedge funds have recently made changes to their positions in the company. Bank of America Corp DE lifted its position in shares of Inspired Entertainment by 6.9% in the first quarter. Bank of America Corp DE now owns 25,577 shares of the company’s stock valued at $182,000 after acquiring an additional 1,660 shares in the last quarter. Private Management Group Inc. boosted its stake in shares of Inspired Entertainment by 0.8% in the second quarter. Private Management Group Inc. now owns 1,282,590 shares of the company’s stock worth $10,581,000 after acquiring an additional 9,711 shares during the last quarter. Quantinno Capital Management LP boosted its stake in shares of Inspired Entertainment by 30.5% in the first quarter. Quantinno Capital Management LP now owns 42,145 shares of the company’s stock worth $300,000 after acquiring an additional 9,858 shares during the last quarter. Focused Alpha LLC acquired a new stake in shares of Inspired Entertainment in the second quarter worth approximately $112,000. Finally, Gabelli Funds LLC increased its position in shares of Inspired Entertainment by 9.6% during the first quarter. Gabelli Funds LLC now owns 205,000 shares of the company’s stock worth $1,462,000 after purchasing an additional 18,000 shares in the last quarter. Institutional investors and hedge funds 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.