Inspired Entertainment (NASDAQ:INSE) Rating Increased to Hold at Zacks Research

Inspired Entertainment (NASDAQ:INSE) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

Other research analysts have also issued reports about the company. BWS Financial reiterated a “buy” rating and set a $20.00 target price on shares of Inspired Entertainment in a report on Wednesday, March 11th. Weiss Ratings lowered Inspired Entertainment from a “hold (c-)” rating to a “sell (d)” rating in a report on Wednesday, March 11th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $15.00.

Inspired Entertainment Stock Down 1.7%

Shares of Inspired Entertainment stock opened at $7.96 on Thursday. The business has a fifty day simple moving average of $7.17 and a 200 day simple moving average of $8.09. The stock has a market cap of $212.29 million, a PE ratio of -13.05 and a beta of 1.19. Inspired Entertainment has a 12 month low of $6.10 and a 12 month high of $9.95.

Inspired Entertainment (NASDAQ:INSE) last posted its earnings results on Thursday, May 7th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.13. The firm had revenue of $57.20 million for the quarter, compared to analyst estimates of $58.89 million. Inspired Entertainment had a negative return on equity of 1,176.67% and a negative net margin of 5.78%. Analysts expect that Inspired Entertainment will post 0.25 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Brooks H. Pierce purchased 13,332 shares of the business’s stock in a transaction dated Thursday, March 26th. The shares were bought at an average cost of $6.88 per share, for a total transaction of $91,724.16. Following the completion of the acquisition, the chief executive officer directly owned 52,407 shares in the company, valued at approximately $360,560.16. This trade represents a 34.12% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael R. Chambrello purchased 10,000 shares of the business’s stock in a transaction dated Thursday, March 26th. The stock was purchased at an average price of $6.92 per share, for a total transaction of $69,200.00. Following the completion of the acquisition, the director owned 64,568 shares of the company’s stock, valued at approximately $446,810.56. This represents a 18.33% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have acquired 80,000 shares of company stock worth $545,748. Corporate insiders own 13.10% of the company’s stock.

Institutional Trading of Inspired Entertainment

A number of institutional investors have recently modified their holdings of INSE. Kanen Wealth Management LLC lifted its holdings in shares of Inspired Entertainment by 50.9% in the first quarter. Kanen Wealth Management LLC now owns 2,006,017 shares of the company’s stock valued at $18,929,000 after purchasing an additional 676,988 shares in the last quarter. Potomac Capital Management Inc. bought a new stake in shares of Inspired Entertainment in the fourth quarter valued at about $6,089,000. Teton Advisors LLC bought a new stake in shares of Inspired Entertainment in the third quarter valued at about $1,903,000. Marshall Wace LLP lifted its holdings in shares of Inspired Entertainment by 233.7% in the second quarter. Marshall Wace LLP now owns 208,062 shares of the company’s stock valued at $1,700,000 after purchasing an additional 145,720 shares in the last quarter. Finally, SummerHaven Investment Management LLC bought a new stake in shares of Inspired Entertainment in the third quarter valued at about $888,000. 77.38% of the stock is currently owned by institutional investors.

Inspired Entertainment Company Profile

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.