Inspired Entertainment, Inc. $INSE Position Increased by Prescott Group Capital Management L.L.C.

Prescott Group Capital Management L.L.C. lifted its position in Inspired Entertainment, Inc. (NASDAQ:INSE) by 60.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 574,750 shares of the company’s stock after purchasing an additional 216,558 shares during the quarter. Prescott Group Capital Management L.L.C. owned 2.18% of Inspired Entertainment worth $1,977,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of INSE. Focused Alpha LLC acquired a new position in shares of Inspired Entertainment in the 2nd quarter valued at $112,000. Bank of America Corp DE boosted its holdings in Inspired Entertainment by 6.9% during the first quarter. Bank of America Corp DE now owns 25,577 shares of the company’s stock valued at $182,000 after purchasing an additional 1,660 shares in the last quarter. Deutsche Bank AG bought a new stake in shares of Inspired Entertainment in the 2nd quarter valued at approximately $208,000. Quantinno Capital Management LP raised its holdings in shares of Inspired Entertainment by 30.5% in the 1st quarter. Quantinno Capital Management LP now owns 42,145 shares of the company’s stock worth $300,000 after buying an additional 9,858 shares in the last quarter. Finally, JB Capital Partners LP acquired a new position in shares of Inspired Entertainment in the 2nd quarter worth approximately $536,250. 77.38% of the stock is owned by institutional investors.

Inspired Entertainment Stock Down 0.3%

Inspired Entertainment stock opened at $3.78 on Wednesday. The stock has a 50-day simple moving average of $4.31 and a 200 day simple moving average of $6.68. The stock has a market capitalization of $99.64 million, a price-to-earnings ratio of 29.15 and a beta of 1.16. Inspired Entertainment, Inc. has a 12-month low of $3.10 and a 12-month high of $9.95.

Inspired Entertainment (NASDAQ:INSE) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. The firm had revenue of $60.80 million for the quarter, compared to analyst estimates of $64.04 million. Inspired Entertainment had a negative net margin of 3.34% and a negative return on equity of 30.08%. As a group, sell-side analysts anticipate that Inspired Entertainment, Inc. will post 0.12 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on INSE shares. BWS Financial cut Inspired Entertainment from a “buy” rating to a “neutral” rating in a report on Tuesday, September 29th. Truist Financial lowered their target price on shares of Inspired Entertainment from $12.00 to $8.00 and set a “buy” rating on the stock in a report on Tuesday, October 20th. Citizens Jmp dropped their target price on shares of Inspired Entertainment from $11.00 to $9.00 and set a “market outperform” rating for the company in a research report on Tuesday, October 13th. Citigroup reissued a “market outperform” rating on shares of Inspired Entertainment in a report on Tuesday, October 13th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Inspired Entertainment in a research report on Friday, September 4th. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $11.44.

Inspired Entertainment Company Profile

Inspired Entertainment, Inc is a business-to-business gaming technology company that develops and supplies content, software, hardware and related services for regulated gaming, betting and leisure markets. Its customers include bookmakers, casinos, gaming operators, lotteries and other entertainment venues.

The company’s offerings include gaming terminals and server-based gaming systems, digital casino games, virtual sports and other simulated sporting events, as well as interactive gaming solutions for online and mobile platforms.