Inspired Entertainment, Inc. (NASDAQ:INSE - Get Free Report) was the target of a large decrease in short interest in the month of September. As of September 30th, there was short interest totalling 542,700 shares, a decrease of 7.5% from the September 15th total of 586,800 shares. Approximately 2.2% of the shares of the company are sold short. Based on an average trading volume of 94,600 shares, the short-interest ratio is presently 5.7 days.
Separately, Macquarie lowered their target price on shares of Inspired Entertainment from $11.00 to $10.00 and set a "neutral" rating on the stock in a research note on Friday, August 9th.
Check Out Our Latest Research Report on Inspired Entertainment
INSE traded down $0.01 during midday trading on Wednesday, hitting $9.01. 49,085 shares of the company traded hands, compared to its average volume of 108,426. The firm has a market capitalization of $239.40 million, a PE ratio of 152.33 and a beta of 1.40. The company's 50-day moving average is $8.93 and its 200 day moving average is $9.02. Inspired Entertainment has a 52 week low of $6.12 and a 52 week high of $11.79.
Inspired Entertainment (NASDAQ:INSE - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.03). Inspired Entertainment had a negative net margin of 0.09% and a negative return on equity of 6.47%. The company had revenue of $75.60 million for the quarter, compared to the consensus estimate of $74.30 million. During the same quarter in the prior year, the company posted $0.14 EPS. On average, sell-side analysts predict that Inspired Entertainment will post 0.53 earnings per share for the current fiscal year.
Institutional investors have recently made changes to their positions in the business. EntryPoint Capital LLC bought a new position in shares of Inspired Entertainment in the 1st quarter worth approximately $26,000. Bfsg LLC lifted its stake in shares of Inspired Entertainment by 61.9% in the 2nd quarter. Bfsg LLC now owns 9,875 shares of the company's stock worth $90,000 after purchasing an additional 3,775 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Inspired Entertainment by 102.1% in the 1st quarter. BNP Paribas Financial Markets now owns 35,108 shares of the company's stock worth $346,000 after purchasing an additional 17,733 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Inspired Entertainment by 2.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,917 shares of the company's stock worth $512,000 after purchasing an additional 1,275 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Inspired Entertainment by 15.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 65,768 shares of the company's stock worth $602,000 after purchasing an additional 8,753 shares during the period. Institutional investors own 77.38% of the company's stock.
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.
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