Inspired Entertainment (NASDAQ:INSE) Stock Crosses Below Fifty Day Moving Average – Here’s Why

Shares of Inspired Entertainment, Inc. (NASDAQ:INSE) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $9.80 and traded as low as $8.50. Inspired Entertainment shares last traded at $8.67, with a volume of 129,598 shares.

Analyst Ratings Changes

INSE has been the topic of a number of recent analyst reports. Truist Financial set a $19.00 price target on Inspired Entertainment in a report on Friday, March 14th. JMP Securities reaffirmed a “market outperform” rating and issued a $14.00 price target on shares of Inspired Entertainment in a report on Friday, March 14th. Finally, New Street Research set a $21.00 price target on shares of Inspired Entertainment in a report on Friday, March 14th.

Inspired Entertainment Price Performance

The business has a 50 day simple moving average of $9.80 and a 200 day simple moving average of $9.53. The stock has a market cap of $230.43 million, a PE ratio of -866.13 and a beta of 1.38.

Inspired Entertainment (NASDAQ:INSE) last announced its quarterly earnings results on Monday, March 17th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.13). Inspired Entertainment had a negative net margin of 0.10% and a negative return on equity of 6.35%. The firm had revenue of $83.00 million during the quarter, compared to the consensus estimate of $79.19 million. As a group, sell-side analysts forecast that Inspired Entertainment, Inc. will post 0.3 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Inspired Entertainment

Several large investors have recently bought and sold shares of the stock. Barclays PLC boosted its position in shares of Inspired Entertainment by 314.1% during the 3rd quarter. Barclays PLC now owns 31,321 shares of the company’s stock valued at $291,000 after acquiring an additional 23,757 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Inspired Entertainment by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 521,451 shares of the company’s stock valued at $4,835,000 after purchasing an additional 4,233 shares during the period. SG Americas Securities LLC acquired a new position in shares of Inspired Entertainment in the 4th quarter worth approximately $97,000. State Street Corp lifted its position 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 worth $3,760,000 after buying an additional 2,675 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in shares of Inspired Entertainment by 232.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 28,317 shares of the company’s stock worth $262,000 after buying an additional 19,794 shares during the period. 77.38% of the stock is currently owned by institutional investors and hedge funds.

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.