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

Inspired Entertainment (NASDAQ:INSE) was upgraded by stock analysts at Craig Hallum to a “strong-buy” rating in a report issued on Thursday, Zacks.com reports.

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

Inspired Entertainment Stock Down 0.6 %

Inspired Entertainment stock opened at $9.42 on Thursday. The business’s 50-day simple moving average is $9.02 and its 200 day simple moving average is $9.01. The stock has a market cap of $250.30 million, a price-to-earnings ratio of 157.00 and a beta of 1.40. Inspired Entertainment has a 12-month low of $6.12 and a 12-month high of $11.79.

Inspired Entertainment (NASDAQ:INSE) last released its earnings results on Thursday, August 8th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). The business had revenue of $75.60 million for the quarter, compared to analyst estimates of $74.30 million. Inspired Entertainment had a negative return on equity of 6.47% and a negative net margin of 0.09%. During the same period in the prior year, the firm posted $0.14 EPS. As a group, sell-side analysts expect that Inspired Entertainment will post 0.53 EPS for the current year.

Hedge Funds Weigh In On Inspired Entertainment

A number of large investors have recently bought and sold shares of INSE. Mirae Asset Global Investments Co. Ltd. lifted its position in Inspired Entertainment by 2.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,917 shares of the company’s stock worth $512,000 after buying an additional 1,275 shares in the last quarter. Teton Advisors Inc. raised its holdings in Inspired Entertainment by 0.8% during the first quarter. Teton Advisors Inc. now owns 247,221 shares of the company’s stock worth $2,438,000 after acquiring an additional 2,000 shares in the last quarter. EntryPoint Capital LLC acquired a new position in Inspired Entertainment during the first quarter valued at approximately $26,000. Bfsg LLC grew its stake in Inspired Entertainment by 61.9% in the second quarter. Bfsg LLC now owns 9,875 shares of the company’s stock valued at $90,000 after purchasing an additional 3,775 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Inspired Entertainment by 15.4% during 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. Institutional investors and hedge funds own 77.38% of the company’s stock.

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.