Inspired Entertainment (NASDAQ:INSE) Stock Crosses Below Fifty Day Moving Average – What’s Next?

Inspired Entertainment, Inc. (NASDAQ:INSE) shares passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $7.11 and traded as low as $5.87. Inspired Entertainment shares last traded at $5.90, with a volume of 1,372,104 shares traded.

Wall Street Analyst Weigh In

Several research firms have issued reports on INSE. BWS Financial reaffirmed a “buy” rating and set a $20.00 price target on shares of Inspired Entertainment in a research report on Monday, May 11th. Zacks Research downgraded shares of Inspired Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Inspired Entertainment in a research note on Monday, June 8th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $20.00.

Inspired Entertainment Stock Performance

The firm has a market capitalization of $155.52 million, a price-to-earnings ratio of -17.88 and a beta of 1.22. The business has a fifty day moving average of $7.11 and a two-hundred day moving average of $7.38.

Inspired Entertainment (NASDAQ:INSE) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. Inspired Entertainment had a negative return on equity of 30.08% and a negative net margin of 3.34%.The business had revenue of $60.80 million for the quarter, compared to analysts’ expectations of $64.04 million. As a group, sell-side analysts predict that Inspired Entertainment, Inc. will post 0.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Inspired Entertainment

Several large investors have recently modified their holdings of the stock. LSV Asset Management bought a new stake in shares of Inspired Entertainment during the 4th quarter worth about $93,000. BNP Paribas Financial Markets boosted its position in shares of Inspired Entertainment by 428.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 13,437 shares of the company’s stock worth $110,000 after acquiring an additional 10,892 shares in the last quarter. Clarus Group Inc. increased its stake in shares of Inspired Entertainment by 16.2% in the 1st quarter. Clarus Group Inc. now owns 15,591 shares of the company’s stock valued at $111,000 after purchasing an additional 2,170 shares during the last quarter. Focused Alpha LLC bought a new position in Inspired Entertainment in the second quarter valued at about $112,000. Finally, Jane Street Group LLC bought a new position in shares of Inspired Entertainment in the first quarter worth about $123,000. 77.38% of the stock is owned by institutional investors.

Inspired Entertainment Company Profile

Inspired Entertainment, Inc (NASDAQ: INSE) is a business-to-business provider of digital gaming content and technology solutions for the global gaming industry. The company’s offerings include server-based gaming modules, virtual sports simulations, digital interactive content and mobile sports betting platforms. Inspired designs proprietary games and software that integrate with lotteries, casino operators, retail betting shops and online platforms, emphasizing reliable performance, rapid deployment and engaging player experiences.

At the core of Inspired’s product suite is its Virtual Sports catalog, which simulates sporting events using advanced algorithms and randomized outcomes.