Inspired Entertainment (NASDAQ:INSE) Price Target Cut to $7.00 by Analysts at Citizens Jmp

Inspired Entertainment (NASDAQ:INSE) had its price target decreased by Citizens Jmp from $9.00 to $7.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “market outperform” rating on the stock. Citizens Jmp‘s price objective indicates a potential upside of 98.58% from the stock’s current price.

INSE has been the topic of a number of other research reports. B. Riley Financial decreased their target price on shares of Inspired Entertainment from $13.00 to $8.75 and set a “buy” rating on the stock in a research report on Friday, October 23rd. Truist Financial dropped their price target on shares of Inspired Entertainment from $12.00 to $8.00 and set a “buy” rating for the company in a research report on Tuesday, October 20th. Weiss Ratings reiterated a “sell (d)” rating on shares of Inspired Entertainment in a research report on Friday, September 4th. BWS Financial downgraded shares of Inspired Entertainment from a “buy” rating to a “neutral” rating in a research note on Tuesday, September 29th. Finally, Citigroup restated a “market outperform” rating on shares of Inspired Entertainment in a report on Tuesday, October 13th. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $10.94.

Inspired Entertainment Stock Performance

Shares of Inspired Entertainment stock traded up $0.03 during trading hours on Friday, hitting $3.52. The company’s stock had a trading volume of 341,722 shares, compared to its average volume of 182,749. Inspired Entertainment has a twelve month low of $3.10 and a twelve month high of $9.95. The firm has a fifty day moving average of $4.21 and a 200-day moving average of $6.63. The stock has a market cap of $92.92 million, a price-to-earnings ratio of -10.67 and a beta of 1.16.

Inspired Entertainment (NASDAQ:INSE) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.08. The business had revenue of $61.40 million during the quarter, compared to analysts’ expectations of $64.52 million. Inspired Entertainment had a negative return on equity of 30.08% and a negative net margin of 3.34%. On average, sell-side analysts expect that Inspired Entertainment will post 0.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. R Squared Ltd acquired a new position in shares of Inspired Entertainment in the third quarter valued at approximately $79,000. Private Management Group Inc. increased its stake in Inspired Entertainment by 1.2% during the 3rd quarter. Private Management Group Inc. now owns 1,298,285 shares of the company’s stock worth $4,466,000 after buying an additional 15,695 shares during the period. Prescott Group Capital Management L.L.C. increased its stake in Inspired Entertainment by 60.5% during the 3rd quarter. Prescott Group Capital Management L.L.C. now owns 574,750 shares of the company’s stock worth $1,977,000 after buying an additional 216,558 shares during the period. Bank of America Corp DE acquired a new stake in Inspired Entertainment during the 2nd quarter worth approximately $188,000. Finally, Jupiter Topco LLC acquired a new stake in Inspired Entertainment during the 2nd quarter worth approximately $11,047,000. Institutional investors and hedge funds own 77.38% of the company’s stock.

About Inspired Entertainment

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.