Inspired Entertainment (INSE) Rating Lowered to Sell at ValuEngine

Inspired Entertainment (NASDAQ:INSE) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Thursday.

Shares of Inspired Entertainment (INSE) remained flat at $$5.60 during trading hours on Thursday. The stock had a trading volume of 135,591 shares, compared to its average volume of 154,759. The company has a debt-to-equity ratio of -10.92, a quick ratio of 0.95 and a current ratio of 0.67. The stock has a market capitalization of $123.50, a price-to-earnings ratio of -3.78 and a beta of -5.83. Inspired Entertainment has a fifty-two week low of $5.35 and a fifty-two week high of $14.00.

Inspired Entertainment (NASDAQ:INSE) last issued its quarterly earnings data on Friday, February 2nd. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.01). The business had revenue of $31.39 million for the quarter. Inspired Entertainment had a negative return on equity of 3,457.61% and a negative net margin of 24.34%.

In related news, major shareholder Vitruvian Partners Llp sold 3,929,507 shares of the firm’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $7.41, for a total transaction of $29,117,646.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 24.99% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INSE. Vanguard Group Inc. grew its position in Inspired Entertainment by 25.7% in the 2nd quarter. Vanguard Group Inc. now owns 231,476 shares of the company’s stock valued at $3,010,000 after acquiring an additional 47,276 shares in the last quarter. State Street Corp acquired a new position in Inspired Entertainment in the 2nd quarter valued at about $404,000. Northern Trust Corp acquired a new position in Inspired Entertainment in the 2nd quarter valued at about $311,000. Bank of New York Mellon Corp acquired a new position in Inspired Entertainment in the 3rd quarter valued at about $206,000. Finally, Citigroup Inc. acquired a new position in Inspired Entertainment in the 2nd quarter valued at about $118,000. 19.65% of the stock is owned by institutional investors.

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Inspired Entertainment Company Profile

Inspired Entertainment, Inc, formerly Hydra Industries Acquisition Corp., is a global games technology company. The Company is engaged in developing and operating digital games and networks. The Company is engaged in supplying Virtual Sports, Mobile Gaming and Server-Based Gaming (SBG) systems with associated terminals and digital content to regulated betting, gaming and lottery operators around the world.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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