Inspired Entertainment (NASDAQ:INSE) Given “Market Outperform” Rating at JMP Securities

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 currently have a $14.00 price target on the stock. JMP Securities’ price objective points to a potential upside of 47.68% from the company’s previous close.

Separately, Craig Hallum upgraded Inspired Entertainment to a “strong-buy” rating in a research note on Thursday, October 17th.

Inspired Entertainment Stock Performance

NASDAQ INSE traded up $0.09 during trading hours on Thursday, reaching $9.48. The company’s stock had a trading volume of 4,932 shares, compared to its average volume of 100,124. The company’s 50-day moving average is $9.40 and its two-hundred day moving average is $9.14. The stock has a market cap of $251.98 million, a PE ratio of -947.05 and a beta of 1.40. Inspired Entertainment has a fifty-two week low of $7.51 and a fifty-two week high of $11.00.

Hedge Funds Weigh In On Inspired Entertainment

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Foundry Partners LLC lifted its stake in shares of Inspired Entertainment by 12.8% in the third quarter. Foundry Partners LLC now owns 529,380 shares of the company’s stock worth $4,907,000 after acquiring an additional 59,915 shares in the last quarter. Geode Capital Management LLC increased its holdings in Inspired Entertainment by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 521,451 shares of the company’s stock worth $4,835,000 after purchasing an additional 4,233 shares during the last quarter. Private Management Group Inc. raised its position in shares of Inspired Entertainment by 35.5% in the 3rd quarter. Private Management Group Inc. now owns 1,633,593 shares of the company’s stock valued at $15,143,000 after purchasing an additional 428,312 shares in the last quarter. Barclays PLC boosted 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 valued at $291,000 after buying an additional 23,757 shares during the last quarter. Finally, State Street Corp grew its position in shares of Inspired Entertainment by 0.7% during the third 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 in the last quarter. 77.38% of the stock is owned by hedge funds and other institutional investors.

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.