Inspired Entertainment (NASDAQ:INSE) Upgraded at Craig Hallum

Craig Hallum upgraded shares of Inspired Entertainment (NASDAQ:INSE) to a strong-buy rating in a research report released on Thursday, Zacks.com reports.

Separately, Macquarie cut their price target on Inspired Entertainment from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Friday, August 9th.

Inspired Entertainment Trading Down 0.6 %

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

Inspired Entertainment (NASDAQ:INSE) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $75.60 million during the quarter, compared to analysts’ expectations of $74.30 million. During the same quarter in the prior year, the firm posted $0.14 EPS. As a group, research analysts predict that Inspired Entertainment will post 0.53 earnings per share for the current year.

Institutional Investors Weigh In On Inspired Entertainment

Large investors have recently modified their holdings of the stock. EntryPoint Capital LLC acquired a new position in Inspired Entertainment during the first quarter worth $26,000. Bfsg LLC grew its holdings in Inspired Entertainment by 61.9% during the second quarter. Bfsg LLC now owns 9,875 shares of the company’s stock worth $90,000 after acquiring an additional 3,775 shares during the period. BNP Paribas Financial Markets grew its holdings in Inspired Entertainment by 102.1% during the first quarter. BNP Paribas Financial Markets now owns 35,108 shares of the company’s stock worth $346,000 after acquiring an additional 17,733 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in Inspired Entertainment by 2.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,917 shares of the company’s stock valued at $512,000 after purchasing an additional 1,275 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Inspired Entertainment by 15.4% in the second quarter. Bank of New York Mellon Corp now owns 65,768 shares of the company’s stock valued at $602,000 after purchasing an additional 8,753 shares during the last quarter. Hedge funds and other institutional investors 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.