Inspired Entertainment (NASDAQ:INSE) Given New $9.00 Price Target at Citizens Jmp

Inspired Entertainment (NASDAQ:INSE) had its price objective reduced by investment analysts at Citizens Jmp from $11.00 to $9.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has a “market outperform” rating on the stock. Citizens Jmp’s price target points to a potential upside of 139.36% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. BWS Financial lowered shares of Inspired Entertainment from a “buy” rating to a “neutral” rating in a report on Tuesday, September 29th. Citigroup restated a “market outperform” rating on shares of Inspired Entertainment in a research note on Tuesday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Inspired Entertainment in a research report on Friday, September 4th. Finally, Zacks Research lowered shares of Inspired Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Two equities 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $14.50.

Inspired Entertainment Trading Up 0.3%

NASDAQ:INSE opened at $3.76 on Tuesday. The company has a market cap of $99.11 million, a price-to-earnings ratio of -11.39 and a beta of 1.23. Inspired Entertainment has a twelve month low of $3.20 and a twelve month high of $9.95. The stock has a fifty day simple moving average of $5.21 and a 200-day simple moving average of $6.57.

Inspired Entertainment (NASDAQ:INSE) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. The firm had revenue of $60.80 million for the quarter, compared to analysts’ expectations of $64.04 million. Inspired Entertainment had a negative net margin of 3.34% and a negative return on equity of 30.08%. As a group, equities research analysts predict that Inspired Entertainment will post 0.20 EPS for the current fiscal year.

Institutional Trading of Inspired Entertainment

Hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its holdings in Inspired Entertainment by 6.9% during the 1st quarter. Bank of America Corp DE now owns 25,577 shares of the company’s stock worth $182,000 after acquiring an additional 1,660 shares in the last quarter. Clarus Group Inc. lifted its position 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 worth $111,000 after purchasing an additional 2,170 shares during the period. Private Management Group Inc. boosted its stake in shares of Inspired Entertainment by 0.8% during the second quarter. Private Management Group Inc. now owns 1,282,590 shares of the company’s stock valued at $10,581,000 after purchasing an additional 9,711 shares in the last quarter. Quantinno Capital Management LP boosted its stake in shares of Inspired Entertainment by 30.5% during the first quarter. Quantinno Capital Management LP now owns 42,145 shares of the company’s stock valued at $300,000 after purchasing an additional 9,858 shares in the last quarter. Finally, Focused Alpha LLC purchased a new position in Inspired Entertainment during the second quarter valued at approximately $112,000. 77.38% of the stock is owned by hedge funds and other institutional investors.

Inspired Entertainment Company Profile

Inspired Entertainment, Inc (NASDAQ: INSE) is a business-to-business gaming technology company that develops and supplies content, platforms and systems for gaming, betting and leisure operators. Its offerings are designed for use across retail betting shops, gaming venues, casinos, lotteries and online gaming channels.

The company’s products include virtual sports and other digital gaming content, electronic gaming machines, server-based gaming systems, online casino games and mobile gaming solutions.