Inspired Entertainment Inc (NASDAQ:INSE) Given $10.00 Average Target Price by Analysts

Inspired Entertainment Inc (NASDAQ:INSE) has received an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Brokerages have set a 12-month consensus target price of $10.00 for the company and are predicting that the company will post ($0.22) EPS for the current quarter, according to Zacks. Zacks has also assigned Inspired Entertainment an industry rank of 108 out of 256 based on the ratings given to its competitors.

Separately, Zacks Investment Research cut Inspired Entertainment from a “hold” rating to a “sell” rating in a research note on Saturday, May 18th.

NASDAQ INSE traded up $1.08 during trading on Wednesday, reaching $8.89. 119,700 shares of the company’s stock were exchanged, compared to its average volume of 21,071. Inspired Entertainment has a fifty-two week low of $3.86 and a fifty-two week high of $8.89. The company has a market cap of $171.14 million, a PE ratio of -14.34 and a beta of 1.17.

Inspired Entertainment (NASDAQ:INSE) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.12). The company had revenue of $33.67 million during the quarter, compared to analyst estimates of $33.69 million. Equities analysts forecast that Inspired Entertainment will post -0.85 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of INSE. Northern Trust Corp boosted its position in shares of Inspired Entertainment by 11.4% during the 1st quarter. Northern Trust Corp now owns 16,644 shares of the company’s stock worth $111,000 after purchasing an additional 1,704 shares in the last quarter. Citigroup Inc. bought a new position in shares of Inspired Entertainment during the 1st quarter worth about $28,000. Dimensional Fund Advisors LP boosted its position in shares of Inspired Entertainment by 30.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 19,181 shares of the company’s stock worth $128,000 after purchasing an additional 4,427 shares in the last quarter. Penn Capital Management Co. Inc. boosted its position in shares of Inspired Entertainment by 4.4% during the 4th quarter. Penn Capital Management Co. Inc. now owns 109,560 shares of the company’s stock worth $526,000 after purchasing an additional 4,650 shares in the last quarter. Finally, Teton Advisors Inc. boosted its position in shares of Inspired Entertainment by 6.4% during the 1st quarter. Teton Advisors Inc. now owns 311,478 shares of the company’s stock worth $2,076,000 after purchasing an additional 18,600 shares in the last quarter. Hedge funds and other institutional investors own 74.65% of the company’s stock.

Inspired Entertainment Company Profile

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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