According to Zacks, “Inspired Entertainment, Inc. is a games technology company. It engaged in supplying Virtual Sports, Mobile Gaming and Server-Based Gaming systems to regulated lottery, betting and gaming operators. Inspired Entertainment Inc., formerly known as Hydra Industries Acquisition Corp, is based in New York. “
Separately, ValuEngine cut shares of Inspired Entertainment from a buy rating to a hold rating in a research note on Monday, October 21st.
Inspired Entertainment (NASDAQ:INSE) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($0.38) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.12). The business had revenue of $26.60 million for the quarter, compared to analyst estimates of $27.67 million. On average, research analysts forecast that Inspired Entertainment will post -1.45 earnings per share for the current fiscal year.
A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its stake in Inspired Entertainment by 525.8% in the 2nd quarter. BlackRock Inc. now owns 515,300 shares of the company’s stock worth $4,349,000 after purchasing an additional 432,956 shares in the last quarter. Teton Advisors Inc. lifted its stake in Inspired Entertainment by 3.5% in the 3rd quarter. Teton Advisors Inc. now owns 352,254 shares of the company’s stock worth $2,533,000 after purchasing an additional 11,940 shares in the last quarter. Vanguard Group Inc. lifted its stake in Inspired Entertainment by 11.9% in the 2nd quarter. Vanguard Group Inc. now owns 228,021 shares of the company’s stock worth $1,924,000 after purchasing an additional 24,257 shares in the last quarter. State Street Corp lifted its stake in Inspired Entertainment by 11.8% in the 3rd quarter. State Street Corp now owns 124,977 shares of the company’s stock worth $899,000 after purchasing an additional 13,209 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Inspired Entertainment by 15.7% in the 2nd quarter. Renaissance Technologies LLC now owns 97,270 shares of the company’s stock worth $821,000 after buying an additional 13,170 shares during the last quarter. Institutional investors and hedge funds own 77.07% of the company’s stock.
About Inspired Entertainment
Inspired Entertainment, Inc, a business-to-business gaming technology company, supplies virtual sports and server based gaming worldwide. It designs, develops, markets, and distributes a portfolio of games through its digital network architecture to betting offices, casinos, gaming hall and bingo operators, and regulated operators of lotteries, as well as government affiliated and licensed operators.
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