Inspired Entertainment (NASDAQ:INSE) Receives Market Outperform Rating from JMP Securities

Inspired Entertainment (NASDAQ:INSE)‘s stock had its “market outperform” rating restated by research analysts at JMP Securities in a research report issued on Monday,Benzinga reports. They currently have a $14.00 price target on the stock. JMP Securities’ price objective would suggest a potential upside of 47.85% from the company’s current price.

Separately, Craig Hallum raised shares of Inspired Entertainment to a “strong-buy” rating in a report on Thursday, October 17th.

Inspired Entertainment Stock Performance

Shares of NASDAQ INSE traded up $0.02 during midday trading on Monday, reaching $9.47. 25,301 shares of the company’s stock were exchanged, compared to its average volume of 95,350. The stock has a market capitalization of $251.69 million, a PE ratio of -941.26 and a beta of 1.40. The business’s fifty day moving average price is $9.28 and its two-hundred day moving average price is $9.17. Inspired Entertainment has a 52-week low of $7.51 and a 52-week high of $11.00.

Inspired Entertainment (NASDAQ:INSE) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.10). Inspired Entertainment had a negative net margin of 0.10% and a negative return on equity of 6.35%. The company had revenue of $78.00 million for the quarter, compared to the consensus estimate of $80.30 million. During the same quarter last year, the company earned $0.12 earnings per share. Analysts predict that Inspired Entertainment will post 0.3 earnings per share for the current fiscal year.

Institutional Trading of Inspired Entertainment

Hedge funds have recently bought and sold shares of the company. Private Management Group Inc. increased its stake in shares of Inspired Entertainment by 35.5% in the third quarter. Private Management Group Inc. now owns 1,633,593 shares of the company’s stock valued at $15,143,000 after purchasing an additional 428,312 shares during the period. Foundry Partners LLC grew its holdings in Inspired Entertainment by 12.8% in the 3rd quarter. Foundry Partners LLC now owns 529,380 shares of the company’s stock worth $4,907,000 after buying an additional 59,915 shares in the last quarter. Geode Capital Management LLC increased its position in Inspired Entertainment by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 521,451 shares of the company’s stock valued at $4,835,000 after acquiring an additional 4,233 shares during the period. State Street Corp raised its stake in Inspired Entertainment by 0.7% during the 3rd quarter. State Street Corp now owns 405,625 shares of the company’s stock valued at $3,760,000 after acquiring an additional 2,675 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in Inspired Entertainment by 104.0% during the 2nd quarter. Renaissance Technologies LLC now owns 71,600 shares of the company’s stock worth $655,000 after acquiring an additional 36,500 shares during the period. 77.38% of the stock is currently owned by institutional investors.

Inspired Entertainment Company Profile

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.