B. Riley Upgrades Inspired Entertainment (NASDAQ:INSE) to Strong-Buy

Inspired Entertainment (NASDAQ:INSE) was upgraded by analysts at B. Riley to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

A number of other research firms have also recently commented on INSE. New Street Research set a $21.00 price target on shares of Inspired Entertainment in a report on Friday, March 14th. JMP Securities reiterated a “market outperform” rating and set a $14.00 price objective on shares of Inspired Entertainment in a research note on Friday, March 14th. Finally, Truist Financial set a $19.00 target price on Inspired Entertainment in a research note on Friday, March 14th.

Inspired Entertainment Stock Down 4.7 %

INSE stock opened at $6.69 on Monday. Inspired Entertainment has a twelve month low of $6.51 and a twelve month high of $11.61. The stock has a market capitalization of $179.99 million, a price-to-earnings ratio of -668.33 and a beta of 1.27. The firm’s fifty day simple moving average is $9.49 and its two-hundred day simple moving average is $9.43.

Inspired Entertainment (NASDAQ:INSE) last issued its quarterly earnings results on Monday, March 17th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.13). The business had revenue of $83.00 million for the quarter, compared to the consensus estimate of $79.19 million. Inspired Entertainment had a negative return on equity of 6.35% and a negative net margin of 0.10%. As a group, equities research analysts expect that Inspired Entertainment will post 0.3 EPS for the current year.

Institutional Trading of Inspired Entertainment

Several large investors have recently made changes to their positions in the business. GAMMA Investing LLC boosted its position in Inspired Entertainment by 673.7% in the 1st quarter. GAMMA Investing LLC now owns 5,671 shares of the company’s stock worth $480,000 after purchasing an additional 4,938 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Inspired Entertainment by 51.0% during the 4th quarter. Wells Fargo & Company MN now owns 10,350 shares of the company’s stock worth $94,000 after buying an additional 3,494 shares during the period. Oxford Asset Management LLP purchased a new position in shares of Inspired Entertainment during the 4th quarter valued at approximately $96,000. SG Americas Securities LLC acquired a new stake in Inspired Entertainment in the 4th quarter valued at $97,000. Finally, Clarus Group Inc. grew its stake in Inspired Entertainment by 12.0% in the 4th quarter. Clarus Group Inc. now owns 14,019 shares of the company’s stock valued at $127,000 after acquiring an additional 1,500 shares during the period. 77.38% of the stock is owned by hedge funds and other institutional investors.

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.