Inspired Entertainment (NASDAQ:INSE) Upgraded by Craig Hallum to “Strong-Buy”

Craig Hallum upgraded shares of Inspired Entertainment (NASDAQ:INSE) to a strong-buy rating in a research note released on Thursday morning, Zacks.com reports.

Separately, Macquarie lowered their price objective on Inspired Entertainment from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Friday, August 9th.

Inspired Entertainment Stock Performance

Shares of NASDAQ INSE opened at $9.42 on Thursday. The stock has a market cap of $250.30 million, a price-to-earnings ratio of 157.00 and a beta of 1.40. The business has a 50 day simple moving average of $9.02 and a 200 day simple moving average of $9.01. Inspired Entertainment has a 52 week low of $6.12 and a 52 week high of $11.79.

Inspired Entertainment (NASDAQ:INSE) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.03). Inspired Entertainment had a negative return on equity of 6.47% and a negative net margin of 0.09%. The business had revenue of $75.60 million for the quarter, compared to analyst estimates of $74.30 million. During the same quarter last year, the company earned $0.14 EPS. On average, analysts predict that Inspired Entertainment will post 0.53 EPS for the current year.

Institutional Investors Weigh In On Inspired Entertainment

Several hedge funds and other institutional investors have recently made changes to their positions in the business. EntryPoint Capital LLC bought a new stake in Inspired Entertainment during the 1st quarter valued at approximately $26,000. Bfsg LLC increased its position in Inspired Entertainment by 61.9% during the second quarter. Bfsg LLC now owns 9,875 shares of the company’s stock worth $90,000 after acquiring an additional 3,775 shares during the period. BNP Paribas Financial Markets raised its stake in Inspired Entertainment by 102.1% during the 1st quarter. BNP Paribas Financial Markets now owns 35,108 shares of the company’s stock valued at $346,000 after purchasing an additional 17,733 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Inspired Entertainment by 2.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,917 shares of the company’s stock valued at $512,000 after purchasing an additional 1,275 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Inspired Entertainment by 15.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 65,768 shares of the company’s stock worth $602,000 after purchasing an additional 8,753 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, 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.