Inspired Entertainment, Inc. (NASDAQ:INSE) Shares Acquired by Foundry Partners LLC

Foundry Partners LLC increased its position in shares of Inspired Entertainment, Inc. (NASDAQ:INSE) by 10.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 583,775 shares of the company’s stock after acquiring an additional 54,395 shares during the period. Foundry Partners LLC owned about 2.20% of Inspired Entertainment worth $5,283,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of INSE. SG Americas Securities LLC acquired a new stake in shares of Inspired Entertainment during the fourth quarter worth about $97,000. Clarus Group Inc. lifted its holdings in Inspired Entertainment by 12.0% during the 4th quarter. Clarus Group Inc. now owns 14,019 shares of the company’s stock worth $127,000 after buying an additional 1,500 shares in the last quarter. LPL Financial LLC purchased a new position in Inspired Entertainment in the 4th quarter valued at approximately $136,000. SkyView Investment Advisors LLC grew its stake in shares of Inspired Entertainment by 4.4% in the third quarter. SkyView Investment Advisors LLC now owns 27,674 shares of the company’s stock worth $257,000 after acquiring an additional 1,174 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Inspired Entertainment by 232.2% in the third quarter. BNP Paribas Financial Markets now owns 28,317 shares of the company’s stock worth $262,000 after acquiring an additional 19,794 shares in the last quarter. 77.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on INSE. New Street Research set a $21.00 target price on Inspired Entertainment in a report on Friday, March 14th. JMP Securities reiterated a “market outperform” rating and issued a $14.00 price objective on shares of Inspired Entertainment in a research note on Friday, March 14th. Finally, Truist Financial set a $19.00 target price on shares of Inspired Entertainment in a research note on Friday, March 14th.

Inspired Entertainment Stock Performance

NASDAQ:INSE opened at $7.09 on Friday. Inspired Entertainment, Inc. has a 1 year low of $6.70 and a 1 year high of $11.61. The stock has a market cap of $190.76 million, a P/E ratio of -708.29 and a beta of 1.27. The stock has a 50-day simple moving average of $9.66 and a 200-day simple moving average of $9.50.

Inspired Entertainment (NASDAQ:INSE) last announced its quarterly earnings results on Monday, March 17th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.13). The business had revenue of $83.00 million during the quarter, compared to analyst estimates of $79.19 million. Inspired Entertainment had a negative net margin of 0.10% and a negative return on equity of 6.35%. On average, equities research analysts predict that Inspired Entertainment, Inc. will post 0.3 EPS for the current year.

Inspired Entertainment 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.