Inspired Entertainment (NASDAQ:INSE) Stock Rating Reaffirmed by JMP Securities

Inspired Entertainment (NASDAQ:INSE)‘s stock had its “market outperform” rating reissued by stock analysts at JMP Securities in a research report issued on Tuesday, Benzinga reports. They presently have a $15.00 price objective on the stock. JMP Securities’ price target suggests a potential upside of 65.93% from the company’s previous close.

INSE has been the topic of a number of other research reports. B. Riley started coverage on Inspired Entertainment in a research note on Friday, April 5th. They issued a “buy” rating and a $21.00 target price on the stock. Macquarie downgraded shares of Inspired Entertainment from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $16.00 to $10.00 in a research note on Wednesday, January 17th. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $16.25.

Inspired Entertainment Stock Down 1.7 %

NASDAQ INSE opened at $9.04 on Tuesday. Inspired Entertainment has a 52 week low of $6.12 and a 52 week high of $16.01. The firm has a market capitalization of $237.03 million, a price-to-earnings ratio of 36.16 and a beta of 1.42. The company has a fifty day moving average of $9.48 and a two-hundred day moving average of $9.41.

Inspired Entertainment (NASDAQ:INSE) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.12 EPS for the quarter. The firm had revenue of $97.50 million during the quarter. Inspired Entertainment had a net margin of 3.22% and a negative return on equity of 16.61%. Equities research analysts anticipate that Inspired Entertainment will post 0.73 EPS for the current year.

Institutional Trading of Inspired Entertainment

A number of institutional investors have recently modified their holdings of the company. UBS Group AG purchased a new stake in shares of Inspired Entertainment during the 3rd quarter valued at $40,000. Royal Bank of Canada boosted its holdings in Inspired Entertainment by 208.0% in the first quarter. Royal Bank of Canada now owns 3,588 shares of the company’s stock worth $44,000 after acquiring an additional 2,423 shares in the last quarter. Barclays PLC increased its holdings in shares of Inspired Entertainment by 525.4% during the fourth quarter. Barclays PLC now owns 5,722 shares of the company’s stock valued at $73,000 after acquiring an additional 4,807 shares in the last quarter. American International Group Inc. purchased a new position in shares of Inspired Entertainment in the 2nd quarter valued at approximately $89,000. Finally, BNP Paribas Arbitrage SA boosted its stake in Inspired Entertainment by 575.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,821 shares of the company’s stock worth $93,000 after purchasing an additional 9,220 shares in the last quarter. 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.