Inspired Entertainment (NASDAQ:INSE) Price Target Cut to $10.00

Inspired Entertainment (NASDAQ:INSE) had its price objective decreased by equities research analysts at Macquarie from $11.00 to $10.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Macquarie’s price objective would indicate a potential upside of 20.63% from the stock’s previous close.

Separately, JMP Securities lowered their price target on Inspired Entertainment from $15.00 to $14.00 and set a “market outperform” rating on the stock in a report on Monday, May 13th.

Inspired Entertainment Price Performance

Shares of NASDAQ INSE traded down $0.19 during mid-day trading on Friday, hitting $8.29. The company had a trading volume of 88,202 shares, compared to its average volume of 120,380. Inspired Entertainment has a 12 month low of $6.12 and a 12 month high of $13.60. The firm’s 50 day simple moving average is $9.00 and its two-hundred day simple moving average is $9.16. The stock has a market cap of $220.27 million, a price-to-earnings ratio of 137.83 and a beta of 1.42.

Inspired Entertainment (NASDAQ:INSE) last issued its quarterly earnings results on Friday, May 10th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.05). Inspired Entertainment had a net margin of 0.56% and a negative return on equity of 9.10%. The firm had revenue of $63.10 million during the quarter, compared to analysts’ expectations of $63.65 million. Equities analysts forecast that Inspired Entertainment will post 0.59 earnings per share for the current year.

Institutional Trading of Inspired Entertainment

A number of institutional investors have recently bought and sold shares of INSE. EntryPoint Capital LLC acquired a new stake in shares of Inspired Entertainment during the 1st quarter valued at about $26,000. Bfsg LLC increased its stake in shares of Inspired Entertainment by 301.3% during the 1st quarter. Bfsg LLC now owns 6,100 shares of the company’s stock worth $60,000 after purchasing an additional 4,580 shares during the last quarter. Platform Technology Partners bought a new position in shares of Inspired Entertainment during the 4th quarter valued at $117,000. SG Americas Securities LLC acquired a new stake in shares of Inspired Entertainment in the 4th quarter valued at $158,000. Finally, BNP Paribas Financial Markets boosted its holdings in Inspired Entertainment by 102.1% in the first quarter. BNP Paribas Financial Markets now owns 35,108 shares of the company’s stock worth $346,000 after purchasing an additional 17,733 shares in the last quarter. Institutional investors and hedge funds own 77.38% of the company’s stock.

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.