JMP Securities reiterated their market outperform rating on shares of Inspired Entertainment (NASDAQ:INSE – Free Report) in a research note issued to investors on Monday,Benzinga reports. They currently have a $14.00 price target on the stock.
Separately, Craig Hallum raised Inspired Entertainment to a “strong-buy” rating in a report on Thursday, October 17th.
Read Our Latest Report on INSE
Inspired Entertainment Stock Performance
Inspired Entertainment (NASDAQ:INSE – Get Free Report) last issued 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 net margin of 0.10% and a negative return on equity of 6.35%. During the same quarter last year, the firm posted $0.12 earnings per share. Sell-side analysts anticipate that Inspired Entertainment will post 0.3 EPS for the current year.
Institutional Trading of Inspired Entertainment
Large investors have recently made changes to their positions in the company. SkyView Investment Advisors LLC grew its position in Inspired Entertainment by 4.4% in the third quarter. SkyView Investment Advisors LLC now owns 27,674 shares of the company’s stock valued at $257,000 after acquiring an additional 1,174 shares during the last quarter. State Street Corp grew its holdings in shares of Inspired Entertainment by 0.7% during the 3rd quarter. State Street Corp now owns 405,625 shares of the company’s stock valued at $3,760,000 after purchasing an additional 2,675 shares during the last quarter. Bfsg LLC grew its holdings in shares of Inspired Entertainment by 39.0% during the 3rd quarter. Bfsg LLC now owns 13,725 shares of the company’s stock valued at $127,000 after purchasing an additional 3,850 shares during the last quarter. Geode Capital Management LLC increased its position in Inspired Entertainment by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 521,451 shares of the company’s stock worth $4,835,000 after purchasing an additional 4,233 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in Inspired Entertainment in the 4th quarter valued at approximately $97,000. 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.
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