Inspired Entertainment (NASDAQ:INSE) Share Price Crosses Below 50 Day Moving Average – Should You Sell?

Inspired Entertainment, Inc. (NASDAQ:INSE) shares crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $9.80 and traded as low as $8.50. Inspired Entertainment shares last traded at $8.67, with a volume of 129,598 shares trading hands.

Analyst Ratings Changes

Several research analysts have issued reports on the company. JMP Securities reaffirmed a “market outperform” rating and set a $14.00 price objective on shares of Inspired Entertainment in a report on Friday, March 14th. New Street Research set a $21.00 price target on shares of Inspired Entertainment in a research note on Friday, March 14th. Finally, Truist Financial set a $19.00 price objective on shares of Inspired Entertainment in a research note on Friday, March 14th.

Inspired Entertainment Stock Performance

The company has a market capitalization of $230.43 million, a P/E ratio of -866.13 and a beta of 1.38. The stock’s fifty day moving average price is $9.80 and its 200-day moving average price is $9.53.

Inspired Entertainment (NASDAQ:INSE) last released its quarterly earnings data on Monday, March 17th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.13). The company had revenue of $83.00 million during the quarter, compared to analyst estimates of $79.19 million. Inspired Entertainment had a negative net margin of 0.10% and a negative return on equity of 6.35%. On average, research analysts predict that Inspired Entertainment, Inc. will post 0.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Barclays PLC lifted its position in shares of Inspired Entertainment by 314.1% during the 3rd quarter. Barclays PLC now owns 31,321 shares of the company’s stock valued at $291,000 after acquiring an additional 23,757 shares during the period. Geode Capital Management LLC raised its stake in Inspired Entertainment by 0.8% in the third quarter. Geode Capital Management LLC now owns 521,451 shares of the company’s stock valued at $4,835,000 after purchasing an additional 4,233 shares in the last quarter. SG Americas Securities LLC acquired a new position in Inspired Entertainment in the fourth quarter valued at about $97,000. State Street Corp lifted its position in Inspired Entertainment by 0.7% during the third quarter. State Street Corp now owns 405,625 shares of the company’s stock worth $3,760,000 after purchasing an additional 2,675 shares during the period. Finally, BNP Paribas Financial Markets grew its stake in Inspired Entertainment by 232.2% during the third quarter. BNP Paribas Financial Markets now owns 28,317 shares of the company’s stock worth $262,000 after buying an additional 19,794 shares in the last quarter. Institutional investors and hedge funds 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.