According to the company’s most recent SEC filing, Quadrature Capital Ltd purchased a new stake in Inspired Entertainment, Inc. (NASDAQ: INSE – Get Rating) in the third quarter. The business purchased 27,741 shares of the company’s stock for around $245,000. At the conclusion of the most recent quarter, Quadrature Capital Ltd held 0.11% of Inspired Entertainment.
A handful of more hedge funds have also lately adjusted their INSE holdings. Allspring Global Investments Holdings LLC acquired roughly $30,000 worth of new Inspired Entertainment shares in the third quarter. Lazard Asset Management LLC acquired around $36,000 worth of new Inspired Entertainment shares in the second quarter. UBS Group AG acquired around $40,000 worth of new Inspired Entertainment shares in the third quarter. In the first quarter, Royal Bank of Canada increased its holdings in shares of Inspired Entertainment by 208.0%. After acquiring an additional 2,423 shares during the quarter, Royal Bank of Canada now owns 3,588 shares of the company’s stock worth $44,000. Lastly, Hillsdale Investment Management Inc. acquired around $76,000 worth of shares of Inspired Entertainment in the third quarter. 96.61% of the company’s stock is held by institutional investors.
Analyst Rating Changes
A lot of research reports have been written about INSE. In a report published on Wednesday, February 15th, Roth Mkm increased their price target on Inspired Entertainment from $18.00 to $21.00 and gave the stock a “buy” rating. Monday, December 5th, B. Riley boosted their price target on Inspired Entertainment from $24.00 to $27.00 and gave the company a “buy” rating. In a research note issued on January 11th, Truist Financial increased its price objective for Inspired Entertainment from $16.00 to $20.00. On November 15th, JMP Securities initiated coverage of Inspired Entertainment in a research note. They assigned the business a “outperform” rating and an $18.00 price target. According to data from MarketBeat.com, the stock has an average recommendation of “Buy” and a consensus price target of $21.50. Four analysts have given the stock a buy rating.
Innovative Entertainment Value Performance
INSE shares opened on Tuesday at $14.03. The company’s 50-day moving average price is $14.90, while its 200-day moving average price is $12.37. The 52-week low for Inspired Entertainment, Inc. is $7.49 and the 52-week high is $16.44. The stock has a $362.96 million market capitalization, a price-to-earnings ratio of 23.00, and a beta of 1.66.