Oxford Asset Management LLP Makes New Investment in Inspired Entertainment, Inc. (NASDAQ:INSE)

Oxford Asset Management LLP acquired a new position in shares of Inspired Entertainment, Inc. (NASDAQ:INSE) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 10,557 shares of the company’s stock, valued at approximately $96,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wells Fargo & Company MN increased its holdings in 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 purchasing an additional 3,494 shares during the last quarter. SG Americas Securities LLC bought a new position in Inspired Entertainment during the fourth quarter worth $97,000. Clarus Group Inc. boosted its holdings in Inspired Entertainment by 12.0% in the fourth quarter. Clarus Group Inc. now owns 14,019 shares of the company’s stock worth $127,000 after purchasing an additional 1,500 shares during the period. LPL Financial LLC bought a new stake in Inspired Entertainment during the fourth quarter valued at $136,000. Finally, XTX Topco Ltd acquired a new stake in shares of Inspired Entertainment during the fourth quarter worth $138,000. 77.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Piper Sandler decreased their price target on shares of Inspired Entertainment from $13.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. New Street Research set a $21.00 price target on shares of Inspired Entertainment in a report on Friday, March 14th. JMP Securities decreased their price target on shares of Inspired Entertainment from $14.00 to $13.00 and set a “market outperform” rating for the company in a report on Thursday, April 17th. B. Riley assumed coverage on shares of Inspired Entertainment in a report on Tuesday, April 8th. They issued a “buy” rating and a $13.00 price target for the company. Finally, Truist Financial decreased their price target on shares of Inspired Entertainment from $13.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $13.17.

Inspired Entertainment Stock Up 2.0 %

Inspired Entertainment stock opened at $7.47 on Tuesday. The firm has a 50-day moving average price of $8.56 and a two-hundred day moving average price of $9.23. The firm has a market capitalization of $200.98 million, a price-to-earnings ratio of -746.25 and a beta of 1.27. Inspired Entertainment, Inc. has a 52-week low of $6.51 and a 52-week high of $11.61.

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

Inspired Entertainment 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.