Inspired Entertainment (NASDAQ:INSE) Raised to “Strong-Buy” at Zacks Research

Inspired Entertainment (NASDAQ:INSE) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other analysts have also recently commented on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Inspired Entertainment in a research report on Monday, June 8th. BWS Financial reaffirmed a “buy” rating and set a $20.00 price target on shares of Inspired Entertainment in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $15.00.

Inspired Entertainment Price Performance

Shares of NASDAQ INSE opened at $8.25 on Monday. The firm’s 50-day moving average is $7.59 and its two-hundred day moving average is $8.01. The company has a market capitalization of $220.03 million, a PE ratio of -13.52 and a beta of 1.22. Inspired Entertainment has a 12-month low of $6.10 and a 12-month high of $9.95.

Inspired Entertainment (NASDAQ:INSE) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.13. The firm had revenue of $57.20 million during the quarter, compared to the consensus estimate of $58.89 million. Inspired Entertainment had a negative return on equity of 1,176.67% and a negative net margin of 5.78%. On average, analysts forecast that Inspired Entertainment will post 0.28 EPS for the current fiscal year.

Institutional Trading of Inspired Entertainment

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Potomac Capital Management Inc. purchased a new position in shares of Inspired Entertainment in the 4th quarter valued at $6,089,000. Teton Advisors LLC acquired a new position in shares of Inspired Entertainment during the third quarter worth about $1,903,000. Kanen Wealth Management LLC boosted its position in shares of Inspired Entertainment by 50.9% in the first quarter. Kanen Wealth Management LLC now owns 2,006,017 shares of the company’s stock worth $18,929,000 after buying an additional 676,988 shares during the period. Janus Henderson Group PLC boosted its position in shares of Inspired Entertainment by 2.0% in the first quarter. Janus Henderson Group PLC now owns 1,296,095 shares of the company’s stock worth $9,241,000 after buying an additional 25,820 shares during the period. Finally, Quantinno Capital Management LP grew its stake in shares of Inspired Entertainment by 30.5% in the first quarter. Quantinno Capital Management LP now owns 42,145 shares of the company’s stock valued at $300,000 after buying an additional 9,858 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 (NASDAQ: INSE) is a business-to-business provider of digital gaming content and technology solutions for the global gaming industry. The company’s offerings include server-based gaming modules, virtual sports simulations, digital interactive content and mobile sports betting platforms. Inspired designs proprietary games and software that integrate with lotteries, casino operators, retail betting shops and online platforms, emphasizing reliable performance, rapid deployment and engaging player experiences.

At the core of Inspired’s product suite is its Virtual Sports catalog, which simulates sporting events using advanced algorithms and randomized outcomes.