Brokerages Set $10.00 Price Target for Inspired Entertainment Inc (INSE)

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

Brokerages have set a 1-year consensus price target of $10.00 for the company and are predicting that the company will post ($0.11) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Inspired Entertainment an industry rank of 91 out of 256 based on the ratings given to related companies.

A number of research analysts recently issued reports on INSE shares. Roth Capital started coverage on shares of Inspired Entertainment in a research report on Thursday, December 20th. They set a “buy” rating and a $10.00 target price on the stock. Craig Hallum started coverage on shares of Inspired Entertainment in a research report on Monday, October 1st. They set a “buy” rating on the stock. ValuEngine downgraded shares of Inspired Entertainment from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, Zacks Investment Research downgraded shares of Inspired Entertainment from a “buy” rating to a “hold” rating in a research report on Wednesday, October 17th.

A number of hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC increased its stake in Inspired Entertainment by 60.7% during the 3rd quarter. Renaissance Technologies LLC now owns 61,300 shares of the company’s stock valued at $374,000 after purchasing an additional 23,158 shares in the last quarter. AWM Investment Company Inc. grew its stake in shares of Inspired Entertainment by 0.9% in the 3rd quarter. AWM Investment Company Inc. now owns 1,104,483 shares of the company’s stock worth $6,737,000 after acquiring an additional 10,200 shares in the last quarter. Gabelli Funds LLC grew its stake in shares of Inspired Entertainment by 100.0% in the 3rd quarter. Gabelli Funds LLC now owns 60,000 shares of the company’s stock worth $366,000 after acquiring an additional 30,000 shares in the last quarter. Teton Advisors Inc. grew its stake in shares of Inspired Entertainment by 34.7% in the 3rd quarter. Teton Advisors Inc. now owns 264,640 shares of the company’s stock worth $1,614,000 after acquiring an additional 68,112 shares in the last quarter. Finally, 683 Capital Management LLC grew its stake in shares of Inspired Entertainment by 15.1% in the 2nd quarter. 683 Capital Management LLC now owns 707,330 shares of the company’s stock worth $4,421,000 after acquiring an additional 93,011 shares in the last quarter. Institutional investors and hedge funds own 47.15% of the company’s stock.

Shares of Inspired Entertainment stock traded up $0.20 during trading on Friday, reaching $5.63. 1,077 shares of the company traded hands, compared to its average volume of 1,629. Inspired Entertainment has a 1-year low of $3.86 and a 1-year high of $10.00. The company has a market capitalization of $120.31 million, a PE ratio of -9.08 and a beta of 0.18.

Inspired Entertainment (NASDAQ:INSE) last released its earnings results on Monday, December 10th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.06). The company had revenue of $35.62 million for the quarter, compared to the consensus estimate of $37.05 million. On average, analysts anticipate that Inspired Entertainment will post -0.6 earnings per share for the current fiscal year.

About Inspired Entertainment

Inspired Entertainment, Inc, a games technology company, focuses on the development and sale of software systems and digital terminals worldwide. The company operates through two segments, Service Based Gaming (SBG) and Virtual Sports. The SBG segment designs, develops, markets, and distributes a portfolio of products and services through its digital network architecture to betting offices, casinos, gaming hall and bingo operators, and lotteries, as well as government affiliated and licensed operators.

Further Reading: Institutional Investors

Get a free copy of the Zacks research report on Inspired Entertainment (INSE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Inspired Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inspired Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit