Inspired Entertainment (NASDAQ:INSE) Earns “Market Outperform” Rating from JMP Securities

JMP Securities restated their market outperform rating on shares of Inspired Entertainment (NASDAQ:INSE) in a research note released on Monday morning,Benzinga reports. JMP Securities currently has a $14.00 price objective on the stock.

Separately, Craig Hallum raised Inspired Entertainment to a “strong-buy” rating in a research note on Thursday, October 17th.

Inspired Entertainment Trading Up 1.7 %

Shares of NASDAQ INSE opened at $9.67 on Monday. The company has a market cap of $257.01 million, a price-to-earnings ratio of -966.03 and a beta of 1.40. Inspired Entertainment has a 12-month low of $7.51 and a 12-month high of $11.00. The stock’s 50 day simple moving average is $9.24 and its 200 day simple moving average is $9.18.

Inspired Entertainment (NASDAQ:INSE) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.10). The company had revenue of $78.00 million during the quarter, compared to the consensus estimate of $80.30 million. Inspired Entertainment had a negative return on equity of 6.35% and a negative net margin of 0.10%. During the same period last year, the business posted $0.12 EPS. As a group, equities analysts forecast that Inspired Entertainment will post 0.3 earnings per share for the current fiscal year.

Institutional Trading of Inspired Entertainment

Several hedge funds have recently added to or reduced their stakes in INSE. Private Management Group Inc. raised its stake in Inspired Entertainment by 35.5% during the 3rd quarter. Private Management Group Inc. now owns 1,633,593 shares of the company’s stock valued at $15,143,000 after acquiring an additional 428,312 shares in the last quarter. Foundry Partners LLC raised its stake in shares of Inspired Entertainment by 12.8% in the 3rd quarter. Foundry Partners LLC now owns 529,380 shares of the company’s stock worth $4,907,000 after buying an additional 59,915 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Inspired Entertainment by 104.0% in the 2nd quarter. Renaissance Technologies LLC now owns 71,600 shares of the company’s stock worth $655,000 after buying an additional 36,500 shares in the last quarter. Barclays PLC raised its stake in shares of Inspired Entertainment by 314.1% in the 3rd quarter. Barclays PLC now owns 31,321 shares of the company’s stock worth $291,000 after buying an additional 23,757 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of Inspired Entertainment by 232.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 28,317 shares of the company’s stock worth $262,000 after buying an additional 19,794 shares in the last quarter. Institutional investors own 77.38% of the company’s stock.

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.