Brokerages Anticipate Inspired Entertainment Inc (NASDAQ:INSE) to Post ($0.26) EPS

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Shares of Inspired Entertainment Inc (NASDAQ:INSE) have received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Analysts have set a 1-year consensus price target of $12.00 for the company and are expecting that the company will post ($0.26) EPS for the current quarter, according to Zacks. Zacks has also assigned Inspired Entertainment an industry rank of 83 out of 256 based on the ratings given to related companies.

Separately, Zacks Investment Research cut shares of Inspired Entertainment from a “hold” rating to a “sell” rating in a report on Thursday, August 15th.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Gabelli Funds LLC increased its holdings in Inspired Entertainment by 42.6% in the first quarter. Gabelli Funds LLC now owns 98,710 shares of the company’s stock valued at $658,000 after buying an additional 29,477 shares in the last quarter. Penn Capital Management Co. Inc. increased its holdings in Inspired Entertainment by 4.7% in the first quarter. Penn Capital Management Co. Inc. now owns 114,684 shares of the company’s stock valued at $764,000 after buying an additional 5,124 shares in the last quarter. Teton Advisors Inc. increased its holdings in Inspired Entertainment by 9.3% in the second quarter. Teton Advisors Inc. now owns 340,314 shares of the company’s stock valued at $2,872,000 after buying an additional 28,836 shares in the last quarter. Wells Fargo & Company MN purchased a new position in Inspired Entertainment in the second quarter valued at about $132,000. Finally, AWM Investment Company Inc. increased its holdings in Inspired Entertainment by 2.6% in the second quarter. AWM Investment Company Inc. now owns 998,543 shares of the company’s stock valued at $8,428,000 after buying an additional 25,000 shares in the last quarter. 63.16% of the stock is owned by hedge funds and other institutional investors.

Shares of INSE stock traded down $0.10 on Thursday, reaching $7.46. 783 shares of the stock were exchanged, compared to its average volume of 10,768. Inspired Entertainment has a twelve month low of $3.86 and a twelve month high of $9.70. The company has a market capitalization of $171.14 million, a price-to-earnings ratio of -12.03 and a beta of 1.32. The business’s 50 day moving average price is $7.21 and its 200 day moving average price is $7.54.

Inspired Entertainment (NASDAQ:INSE) last released its quarterly earnings data on Monday, August 12th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.20). The business had revenue of $26.70 million for the quarter, compared to the consensus estimate of $30.11 million. On average, sell-side analysts anticipate that Inspired Entertainment will post -1.36 earnings per share for the current year.

Inspired Entertainment Company Profile

Inspired Entertainment, Inc, a business-to-business gaming technology company, supplies virtual sports and server based gaming worldwide. It designs, develops, markets, and distributes a portfolio of games through its digital network architecture to betting offices, casinos, gaming hall and bingo operators, and regulated operators of lotteries, as well as government affiliated and licensed operators.

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