Inspired Entertainment (NASDAQ:INSE) Price Target Cut to $10.00

Inspired Entertainment (NASDAQ:INSE) had its price target cut by investment analysts at Macquarie from $11.00 to $10.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Macquarie’s target price suggests a potential upside of 20.92% from the stock’s previous close.

Separately, JMP Securities reduced their target price on Inspired Entertainment from $15.00 to $14.00 and set a “market outperform” rating on the stock in a report on Monday, May 13th.

Inspired Entertainment Price Performance

Shares of INSE stock traded down $0.21 during trading hours on Friday, hitting $8.27. The stock had a trading volume of 130,701 shares, compared to its average volume of 120,658. Inspired Entertainment has a one year low of $6.12 and a one year high of $13.60. The stock’s 50-day moving average price is $8.99 and its two-hundred day moving average price is $9.15. The stock has a market capitalization of $219.74 million, a price-to-earnings ratio of 137.83 and a beta of 1.42.

Inspired Entertainment (NASDAQ:INSE) last issued its earnings results on Friday, May 10th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.05). Inspired Entertainment had a negative return on equity of 9.10% and a net margin of 0.56%. The firm had revenue of $63.10 million during the quarter, compared to the consensus estimate of $63.65 million. As a group, equities research analysts predict that Inspired Entertainment will post 0.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new stake in shares of Inspired Entertainment in the fourth quarter valued at approximately $158,000. Mirae Asset Global Investments Co. Ltd. raised its stake in Inspired Entertainment by 2.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,642 shares of the company’s stock worth $500,000 after buying an additional 1,433 shares in the last quarter. Private Management Group Inc. bought a new position in Inspired Entertainment in the fourth quarter worth approximately $1,772,000. Gabelli Funds LLC raised its stake in Inspired Entertainment by 3.8% in the fourth quarter. Gabelli Funds LLC now owns 93,400 shares of the company’s stock worth $923,000 after buying an additional 3,400 shares in the last quarter. Finally, Platform Technology Partners bought a new position in Inspired Entertainment in the fourth quarter worth approximately $117,000. Hedge funds and other institutional investors own 77.38% of the company’s stock.

About Inspired Entertainment

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.