Inspired Entertainment’s (INSE) “Market Outperform” Rating Reiterated at JMP Securities

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

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

Inspired Entertainment Stock Performance

Shares of NASDAQ:INSE opened at $9.67 on Monday. The company has a market cap of $257.01 million, a P/E ratio of -966.03 and a beta of 1.40. Inspired Entertainment has a one year low of $7.51 and a one year high of $11.00. The business’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 earnings results on Thursday, November 7th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.10). The company had revenue of $78.00 million for the quarter, compared to analysts’ expectations of $80.30 million. Inspired Entertainment had a negative net margin of 0.10% and a negative return on equity of 6.35%. During the same quarter in the previous year, the business posted $0.12 earnings per share. Analysts predict that Inspired Entertainment will post 0.3 earnings per share for the current year.

Institutional Investors Weigh In On Inspired Entertainment

Hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new stake in Inspired Entertainment during the 4th quarter valued at approximately $97,000. GSA Capital Partners LLP acquired a new position in shares of Inspired Entertainment in the 3rd quarter worth approximately $106,000. Clarus Group Inc. acquired a new position in shares of Inspired Entertainment in the 3rd quarter worth approximately $116,000. Bfsg LLC grew its position in shares of Inspired Entertainment by 39.0% in the 3rd quarter. Bfsg LLC now owns 13,725 shares of the company’s stock worth $127,000 after acquiring an additional 3,850 shares in the last quarter. Finally, SkyView Investment Advisors LLC grew its position in shares of Inspired Entertainment by 4.4% in the 3rd quarter. SkyView Investment Advisors LLC now owns 27,674 shares of the company’s stock worth $257,000 after acquiring an additional 1,174 shares in the last quarter. Institutional investors and hedge funds 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.