Truist Financial Has Lowered Expectations for Inspired Entertainment (NASDAQ:INSE) Stock Price

Inspired Entertainment (NASDAQ:INSE) had its price target dropped by research analysts at Truist Financial from $8.00 to $6.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial‘s price objective points to a potential upside of 62.16% from the company’s previous close.

INSE has been the topic of several other reports. BWS Financial downgraded shares of Inspired Entertainment from a “buy” rating to a “neutral” rating in a research report on Tuesday, September 29th. Weiss Ratings restated a “sell (d)” rating on shares of Inspired Entertainment in a research report on Friday, September 4th. Zacks Research cut shares of Inspired Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. B. Riley Financial dropped their price target on shares of Inspired Entertainment from $8.75 to $6.25 and set a “buy” rating on the stock in a research note on Friday. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Inspired Entertainment in a report on Tuesday, October 13th. 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 company’s stock. Based on data from MarketBeat.com, Inspired Entertainment presently has a consensus rating of “Hold” and a consensus target price of $9.81.

Inspired Entertainment Stock Performance

INSE stock opened at $3.70 on Monday. Inspired Entertainment has a 1 year low of $3.10 and a 1 year high of $9.95. The stock has a market capitalization of $97.53 million, a price-to-earnings ratio of -14.23 and a beta of 1.16. The stock’s fifty day moving average is $4.17 and its two-hundred day moving average is $6.60.

Inspired Entertainment (NASDAQ:INSE) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.02 by $0.08. The business had revenue of $61.40 million during the quarter, compared to analyst estimates of $64.52 million. Inspired Entertainment had a negative net margin of 2.96% and a negative return on equity of 30.08%. As a group, analysts predict that Inspired Entertainment will post 0.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Diversified Trust Co bought a new stake in shares of Inspired Entertainment during the third quarter valued at about $42,000. R Squared Ltd acquired a new stake in Inspired Entertainment in the third quarter worth about $79,000. Private Management Group Inc. grew its position in Inspired Entertainment by 1.2% in the 3rd quarter. Private Management Group Inc. now owns 1,298,285 shares of the company’s stock valued at $4,466,000 after buying an additional 15,695 shares in the last quarter. Prescott Group Capital Management L.L.C. grew its position in Inspired Entertainment by 60.5% in the 3rd quarter. Prescott Group Capital Management L.L.C. now owns 574,750 shares of the company’s stock valued at $1,977,000 after buying an additional 216,558 shares in the last quarter. Finally, Bank of America Corp DE bought a new position in Inspired Entertainment in the 2nd quarter valued at about $188,000. 77.38% of the stock is owned by institutional investors and hedge funds.

About Inspired Entertainment

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.