Inspired Entertainment (NASDAQ:INSE) Stock Price Up 3.4% – Time to Buy?

Inspired Entertainment, Inc. (NASDAQ:INSE) was up 3.4% on Wednesday . The company traded as high as $6.83 and last traded at $6.78. Approximately 88,923 shares traded hands during trading, a decline of 42% from the average daily volume of 152,240 shares. The stock had previously closed at $6.56.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. BWS Financial restated a “buy” rating and issued a $20.00 price objective on shares of Inspired Entertainment in a report on Monday, May 11th. Weiss Ratings restated a “sell (d)” rating on shares of Inspired Entertainment in a research note on Monday, June 8th. Finally, Zacks Research upgraded Inspired Entertainment from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $15.00.

Inspired Entertainment Price Performance

The firm has a market capitalization of $177.52 million, a PE ratio of -10.94 and a beta of 1.20. The business’s 50-day moving average price is $7.54 and its 200-day moving average price is $7.76.

Inspired Entertainment (NASDAQ:INSE) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.13. The company had revenue of $57.20 million for the quarter, compared to analysts’ expectations of $58.89 million. Equities analysts forecast that Inspired Entertainment, Inc. will post 0.28 earnings per share for the current year.

Institutional Investors Weigh In On Inspired Entertainment

Several hedge funds have recently modified their holdings of the company. LSV Asset Management purchased a new stake in shares of Inspired Entertainment during the 4th quarter valued at $93,000. BNP Paribas Financial Markets grew its stake in shares of Inspired Entertainment by 428.0% in the second quarter. BNP Paribas Financial Markets now owns 13,437 shares of the company’s stock valued at $110,000 after buying an additional 10,892 shares in the last quarter. Clarus Group Inc. raised its stake in shares of Inspired Entertainment by 16.2% during the first 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 period. Jane Street Group LLC purchased a new stake in Inspired Entertainment during the 1st quarter worth $123,000. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Inspired Entertainment by 28.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,085 shares of the company’s stock worth $151,000 after acquiring an additional 3,571 shares during the last quarter. 77.38% of the stock is owned by institutional investors and hedge funds.

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.