Shares of Inspired Entertainment Inc (NASDAQ:INSE) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Analysts have set a one year consensus price objective of $12.00 for the company and are expecting that the company will post ($0.40) earnings per share for the current quarter, according to Zacks. Zacks has also given Inspired Entertainment an industry rank of 84 out of 255 based on the ratings given to its competitors.
INSE has been the topic of several recent analyst reports. ValuEngine lowered shares of Inspired Entertainment from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. Zacks Investment Research lowered Inspired Entertainment from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th.
INSE opened at $6.81 on Friday. The firm has a fifty day moving average price of $7.19 and a 200 day moving average price of $7.54. Inspired Entertainment has a 1 year low of $4.55 and a 1 year high of $9.70. The stock has a market cap of $155.39 million, a P/E ratio of -10.98 and a beta of 1.28.
Inspired Entertainment (NASDAQ:INSE) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.26) by ($0.12). The company had revenue of $26.60 million for the quarter, compared to analysts’ expectations of $27.67 million. Analysts forecast that Inspired Entertainment will post -1.45 earnings per share for the current fiscal year.
Several institutional investors have recently bought and sold shares of the company. Gabelli Funds LLC raised its stake in shares of Inspired Entertainment by 3.7% during the 2nd quarter. Gabelli Funds LLC now owns 102,410 shares of the company’s stock worth $864,000 after buying an additional 3,700 shares during the period. Northern Trust Corp increased its holdings in Inspired Entertainment by 44.7% in the 2nd quarter. Northern Trust Corp now owns 24,091 shares of the company’s stock worth $203,000 after acquiring an additional 7,447 shares in the last quarter. Teton Advisors Inc. increased its holdings in Inspired Entertainment by 3.5% in the 3rd quarter. Teton Advisors Inc. now owns 352,254 shares of the company’s stock worth $2,533,000 after acquiring an additional 11,940 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Inspired Entertainment by 15.7% in the 2nd quarter. Renaissance Technologies LLC now owns 97,270 shares of the company’s stock worth $821,000 after acquiring an additional 13,170 shares in the last quarter. Finally, State Street Corp raised its position in Inspired Entertainment by 11.8% during the third quarter. State Street Corp now owns 124,977 shares of the company’s stock worth $899,000 after acquiring an additional 13,209 shares during the period. Institutional investors and hedge funds own 77.07% of the company’s stock.
About Inspired Entertainment
Inspired Entertainment, Inc, a business-to-business gaming technology company, supplies virtual sports and server based gaming worldwide. It designs, develops, markets, and distributes a portfolio of games through its digital network architecture to betting offices, casinos, gaming hall and bingo operators, and regulated operators of lotteries, as well as government affiliated and licensed operators.
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