Inspired Entertainment (NASDAQ:INSE) Stock Rating Upgraded by Craig Hallum

Inspired Entertainment (NASDAQ:INSE) was upgraded by 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 Trading Down 0.6 %

NASDAQ:INSE opened at $9.42 on Thursday. Inspired Entertainment has a 12-month low of $6.12 and a 12-month high of $11.79. The stock has a 50-day moving average price of $9.02 and a 200 day moving average price of $9.01. The stock has a market capitalization of $250.30 million, a P/E ratio of 157.00 and a beta of 1.40.

Inspired Entertainment (NASDAQ:INSE) last announced its earnings results on Thursday, August 8th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.03). Inspired Entertainment had a negative net margin of 0.09% and a negative return on equity of 6.47%. The business had revenue of $75.60 million for the quarter, compared to analysts’ expectations of $74.30 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. On average, research analysts predict that Inspired Entertainment will post 0.53 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Inspired Entertainment

Hedge funds have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. raised its position in Inspired Entertainment by 2.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,917 shares of the company’s stock worth $512,000 after acquiring an additional 1,275 shares during the period. BNP Paribas Financial Markets boosted its holdings in Inspired Entertainment by 102.1% in the 1st quarter. BNP Paribas Financial Markets now owns 35,108 shares of the company’s stock valued at $346,000 after purchasing an additional 17,733 shares during the last quarter. Foundry Partners LLC grew its position in Inspired Entertainment by 9.5% in the first quarter. Foundry Partners LLC now owns 372,145 shares of the company’s stock worth $3,669,000 after acquiring an additional 32,380 shares during the period. Private Management Group Inc. lifted its stake in shares of Inspired Entertainment by 94.6% in the 1st quarter. Private Management Group Inc. now owns 348,895 shares of the company’s stock valued at $3,440,000 after purchasing an additional 169,575 shares during the last quarter. Finally, EntryPoint Capital LLC purchased a new position in shares of Inspired Entertainment during the 1st quarter worth $26,000. Hedge funds and other 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.