Inspired Entertainment, Inc. (NASDAQ:INSE) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Inspired Entertainment, Inc. (NASDAQ:INSE) have been given a consensus rating of “Moderate Buy” by the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $14.00.

INSE has been the topic of a number of analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Inspired Entertainment in a research report on Monday, December 29th. BWS Financial reiterated a “buy” rating and issued a $20.00 target price on shares of Inspired Entertainment in a report on Monday, November 17th.

Insider Buying and Selling

In other news, Chairman A Lorne Weil bought 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The stock was bought at an average price of $8.11 per share, with a total value of $405,500.00. Following the completion of the transaction, the chairman directly owned 572,771 shares of the company’s stock, valued at approximately $4,645,172.81. The trade was a 9.56% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brooks H. Pierce purchased 10,000 shares of the business’s stock in a transaction on Thursday, November 20th. The stock was purchased at an average cost of $7.04 per share, for a total transaction of $70,400.00. Following the completion of the acquisition, the chief executive officer directly owned 12,000 shares of the company’s stock, valued at approximately $84,480. The trade was a 500.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 13.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in INSE. Kanen Wealth Management LLC boosted its holdings in Inspired Entertainment by 50.9% in the first quarter. Kanen Wealth Management LLC now owns 2,006,017 shares of the company’s stock worth $18,929,000 after acquiring an additional 676,988 shares in the last quarter. CSM Advisors LLC acquired a new position in shares of Inspired Entertainment during the second quarter valued at about $5,476,000. Teton Advisors LLC purchased a new position in shares of Inspired Entertainment in the 3rd quarter valued at approximately $1,903,000. Marshall Wace LLP boosted its stake in Inspired Entertainment by 233.7% in the 2nd quarter. Marshall Wace LLP now owns 208,062 shares of the company’s stock worth $1,700,000 after purchasing an additional 145,720 shares in the last quarter. Finally, Samjo Management LLC boosted its stake in Inspired Entertainment by 5.7% in the 2nd quarter. Samjo Management LLC now owns 2,077,510 shares of the company’s stock worth $16,973,000 after purchasing an additional 111,900 shares in the last quarter. 77.38% of the stock is owned by institutional investors and hedge funds.

Inspired Entertainment Stock Performance

NASDAQ:INSE opened at $8.93 on Friday. The firm has a 50-day simple moving average of $9.04 and a 200-day simple moving average of $8.80. Inspired Entertainment has a one year low of $6.51 and a one year high of $11.61. The firm has a market cap of $240.48 million, a P/E ratio of 4.49 and a beta of 1.27.

Inspired Entertainment (NASDAQ:INSE) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.02). The business had revenue of $86.20 million for the quarter, compared to analysts’ expectations of $83.47 million. Inspired Entertainment had a net margin of 18.78% and a negative return on equity of 1,176.67%. On average, research analysts predict that Inspired Entertainment will post 0.3 EPS for the current fiscal year.

About Inspired Entertainment

Inspired Entertainment, Inc (NASDAQ: INSE) is a business-to-business provider of digital gaming content and technology solutions for the global gaming industry. The company’s offerings include server-based gaming modules, virtual sports simulations, digital interactive content and mobile sports betting platforms. Inspired designs proprietary games and software that integrate with lotteries, casino operators, retail betting shops and online platforms, emphasizing reliable performance, rapid deployment and engaging player experiences.

At the core of Inspired’s product suite is its Virtual Sports catalog, which simulates sporting events using advanced algorithms and randomized outcomes.