JMP Securities Reiterates Market Outperform Rating for Inspired Entertainment (NASDAQ:INSE)

Inspired Entertainment (NASDAQ:INSE)‘s stock had its “market outperform” rating restated by stock analysts at JMP Securities in a report released on Thursday,Benzinga reports. They presently have a $14.00 price objective on the stock. JMP Securities’ price objective would suggest a potential upside of 47.84% from the stock’s previous close.

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

Inspired Entertainment Trading Up 1.5 %

Shares of Inspired Entertainment stock opened at $9.47 on Thursday. Inspired Entertainment has a 12 month low of $7.51 and a 12 month high of $11.00. The stock’s fifty day moving average price is $9.37 and its 200-day moving average price is $9.15. The firm has a market cap of $251.71 million, a P/E ratio of -946.05 and a beta of 1.40.

Institutional Investors Weigh In On Inspired Entertainment

Institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new position in Inspired Entertainment in the fourth quarter worth about $97,000. 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 buying an additional 1,174 shares during the last quarter. Barclays PLC raised its stake in shares of Inspired Entertainment by 314.1% during the 3rd quarter. Barclays PLC now owns 31,321 shares of the company’s stock worth $291,000 after acquiring an additional 23,757 shares in the last quarter. Geode Capital Management LLC lifted its position in Inspired Entertainment by 0.8% during the third quarter. Geode Capital Management LLC now owns 521,451 shares of the company’s stock valued at $4,835,000 after acquiring an additional 4,233 shares during the last quarter. Finally, State Street Corp boosted its stake in Inspired Entertainment by 0.7% in the third quarter. State Street Corp now owns 405,625 shares of the company’s stock valued at $3,760,000 after acquiring an additional 2,675 shares in the last quarter. 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.