Inspired Entertainment (NASDAQ:INSE) Earns Market Outperform Rating from JMP Securities

JMP Securities reaffirmed their market outperform rating on shares of Inspired Entertainment (NASDAQ:INSE) in a research report sent to investors on Tuesday morning, Benzinga reports. JMP Securities currently has a $15.00 price objective on the stock.

Several other equities analysts have also issued reports on the stock. Macquarie lowered shares of Inspired Entertainment from an outperform rating to a neutral rating and cut their price objective for the company from $16.00 to $10.00 in a report on Wednesday, January 17th. B. Riley initiated coverage on shares of Inspired Entertainment in a report on Friday, April 5th. They set a buy rating and a $21.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $16.25.

Inspired Entertainment Stock Performance

Shares of NASDAQ:INSE opened at $8.78 on Tuesday. The firm has a market cap of $233.20 million, a PE ratio of 35.12 and a beta of 1.42. The firm’s 50 day simple moving average is $9.47 and its 200-day simple moving average is $9.40. Inspired Entertainment has a one year low of $6.12 and a one year high of $16.01.

Inspired Entertainment (NASDAQ:INSE) last issued its earnings results on Tuesday, February 27th. The company reported $0.12 EPS for the quarter. The business had revenue of $97.50 million for the quarter. Inspired Entertainment had a net margin of 3.22% and a negative return on equity of 16.61%. Equities research analysts predict that Inspired Entertainment will post 0.69 EPS for the current fiscal year.

Institutional Investors Weigh In On Inspired Entertainment

Institutional investors have recently bought and sold shares of the company. Royal Bank of Canada boosted its stake in Inspired Entertainment by 208.0% in the first quarter. Royal Bank of Canada now owns 3,588 shares of the company’s stock valued at $44,000 after acquiring an additional 2,423 shares in the last quarter. UBS Group AG acquired a new stake in Inspired Entertainment in the third quarter valued at approximately $40,000. Barclays PLC boosted its stake in Inspired Entertainment by 525.4% in the fourth quarter. Barclays PLC now owns 5,722 shares of the company’s stock valued at $73,000 after acquiring an additional 4,807 shares in the last quarter. Citigroup Inc. acquired a new stake in Inspired Entertainment in the second quarter valued at approximately $95,000. Finally, State of Tennessee Treasury Department acquired a new stake in Inspired Entertainment in the first quarter valued at approximately $124,000. 77.38% of the stock is currently owned by institutional investors and hedge funds.

Inspired Entertainment Company Profile

Inspired Entertainment, Inc, a gaming technology company, engages in the supply of content, platform, and other products and services to regulated lottery, betting, and gaming operators worldwide. It operates in four segments: Gaming, Virtual Sports, Interactive, and Leisure. The Gaming segment supplies gaming terminals and software to betting offices, casinos, gaming halls, and high street adult gaming centers; a portfolio of games through its digital terminals under the Centurion and Super Hot Fruits names; and traditional casino games, such as roulette, blackjack, and number games.