Inspired Entertainment (NASDAQ:INSE) Stock Gets Price Target Reduction from Truist Financial

Inspired Entertainment (NASDAQ:INSE) had its price objective reduced by Truist Financial from $8.00 to $6.00 in a research note issued to investors on Monday morning, Marketbeat reports. They currently have a buy rating on the stock.

Several other analysts also recently commented on INSE. B. Riley Financial reduced their price target on shares of Inspired Entertainment from $8.75 to $6.25 and set a “buy” rating for the company in a research report on Friday, November 6th. Citigroup reissued a “market outperform” rating on shares of Inspired Entertainment in a research report on Tuesday, October 13th. BWS Financial downgraded shares of Inspired Entertainment from a “buy” rating to a “neutral” rating in a research report on Tuesday, September 29th. Citizens Jmp dropped their price objective on shares of Inspired Entertainment from $9.00 to $7.00 and set a “market outperform” rating on the stock in a research note on Friday, November 6th. Finally, Zacks Research cut shares of Inspired Entertainment from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $9.81.

Inspired Entertainment Price Performance

Inspired Entertainment stock opened at $4.55 on Monday. Inspired Entertainment has a fifty-two week low of $3.10 and a fifty-two week high of $9.95. The stock has a 50-day simple moving average of $4.09 and a 200-day simple moving average of $6.53.

Inspired Entertainment (NASDAQ:INSE) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.08. The firm had revenue of $61.40 million for the quarter, compared to the consensus estimate of $64.52 million. Inspired Entertainment had a negative return on equity of 30.08% and a negative net margin of 2.96%. On average, research analysts anticipate 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 modified their holdings of the stock. BlackRock Inc. purchased a new stake in shares of Inspired Entertainment during the second quarter worth approximately $19,175,000. Jupiter Topco LLC purchased a new position in Inspired Entertainment in the 2nd quarter valued at $11,047,000. Private Management Group Inc. grew its position in Inspired Entertainment by 0.8% in the 2nd quarter. Private Management Group Inc. now owns 1,282,590 shares of the company’s stock valued at $10,581,000 after buying an additional 9,711 shares during the last quarter. Janus Henderson Group PLC grew its position in Inspired Entertainment by 2.0% in the 1st quarter. Janus Henderson Group PLC now owns 1,296,095 shares of the company’s stock valued at $9,241,000 after buying an additional 25,820 shares during the last quarter. Finally, Prescott Group Capital Management L.L.C. increased its stake in Inspired Entertainment by 60.5% in the 3rd quarter. Prescott Group Capital Management L.L.C. now owns 574,750 shares of the company’s stock valued at $1,977,000 after buying an additional 216,558 shares during the period. Institutional investors and hedge funds own 77.38% of the company’s stock.

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.