Zacks Research Upgrades Inspired Entertainment (NASDAQ:INSE) to Strong-Buy

Inspired Entertainment (NASDAQ:INSE) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

A number of other analysts also recently issued reports on INSE. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Inspired Entertainment in a report on Monday, June 8th. BWS Financial restated a “buy” rating and issued a $20.00 target price on shares of Inspired Entertainment in a report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $15.00.

Inspired Entertainment Stock Up 2.4%

Shares of INSE opened at $8.25 on Monday. The business’s 50 day moving average price is $7.59 and its 200-day moving average price is $8.01. The stock has a market cap of $220.03 million, a P/E ratio of -13.52 and a beta of 1.22. Inspired Entertainment has a 52 week low of $6.10 and a 52 week high of $9.95.

Inspired Entertainment (NASDAQ:INSE) last posted its earnings results on Thursday, May 7th. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.13. The business had revenue of $57.20 million during the quarter, compared to analyst estimates of $58.89 million. Inspired Entertainment had a negative return on equity of 1,176.67% and a negative net margin of 5.78%. On average, equities analysts anticipate that Inspired Entertainment will post 0.28 EPS for the current year.

Institutional Investors Weigh In On Inspired Entertainment

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE lifted its stake in shares of Inspired Entertainment by 6.9% in the 1st quarter. Bank of America Corp DE now owns 25,577 shares of the company’s stock worth $182,000 after purchasing an additional 1,660 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Inspired Entertainment by 2.0% during the 1st quarter. Janus Henderson Group PLC now owns 1,296,095 shares of the company’s stock worth $9,241,000 after acquiring an additional 25,820 shares during the last quarter. Quantinno Capital Management LP grew its position in shares of Inspired Entertainment by 30.5% during the 1st quarter. Quantinno Capital Management LP now owns 42,145 shares of the company’s stock valued at $300,000 after acquiring an additional 9,858 shares during the period. Gabelli Funds LLC increased its stake in shares of Inspired Entertainment by 9.6% in the 1st quarter. Gabelli Funds LLC now owns 205,000 shares of the company’s stock worth $1,462,000 after purchasing an additional 18,000 shares in the last quarter. Finally, Sei Investments Co. increased its stake in shares of Inspired Entertainment by 98.6% in the 1st quarter. Sei Investments Co. now owns 152,803 shares of the company’s stock worth $1,089,000 after purchasing an additional 75,882 shares in the last quarter. Hedge funds and other institutional investors own 77.38% of the company’s stock.

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.