Inspired Entertainment, Inc. (NASDAQ:INSE) Given Average Rating of “Moderate Buy” by Analysts

Inspired Entertainment, Inc. (NASDAQ:INSE) has been assigned a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $14.00.

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

Insider Activity

In other news, Chairman A Lorne Weil purchased 50,000 shares of the stock in a transaction dated Wednesday, November 26th. The shares were purchased at an average cost of $8.11 per share, with a total value of $405,500.00. Following the completion of the purchase, 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 transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Brooks H. Pierce acquired 10,000 shares of Inspired Entertainment stock in a transaction that occurred on Thursday, November 20th. The stock was purchased at an average cost of $7.04 per share, with a total value of $70,400.00. Following the completion of the purchase, the chief executive officer owned 12,000 shares in the company, valued at $84,480. The trade was a 500.00% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 12.88% of the company’s stock.

Institutional Investors Weigh In On Inspired Entertainment

A number of hedge funds have recently modified their holdings of the business. Nuveen LLC purchased a new position in Inspired Entertainment in the 1st quarter worth approximately $643,000. Samjo Management LLC increased its holdings in shares of Inspired Entertainment by 5.7% in the second quarter. Samjo Management LLC now owns 2,077,510 shares of the company’s stock valued at $16,973,000 after purchasing an additional 111,900 shares during the last quarter. Krilogy Financial LLC purchased a new position in Inspired Entertainment during the second quarter worth approximately $245,000. Brown Advisory Inc. boosted its stake in Inspired Entertainment by 12.5% during the second quarter. Brown Advisory Inc. now owns 529,771 shares of the company’s stock worth $4,328,000 after buying an additional 58,973 shares during the last quarter. Finally, Kanen Wealth Management LLC grew its holdings in Inspired Entertainment by 19.1% in the 2nd quarter. Kanen Wealth Management LLC now owns 2,389,007 shares of the company’s stock valued at $19,518,000 after buying an additional 382,990 shares in the last quarter. 77.38% of the stock is currently owned by institutional investors and hedge funds.

Inspired Entertainment Stock Down 4.2%

INSE stock opened at $8.97 on Wednesday. Inspired Entertainment has a 52-week low of $6.51 and a 52-week high of $11.61. The firm has a market cap of $241.56 million, a P/E ratio of 4.51 and a beta of 1.27. The company’s 50-day simple moving average is $8.45 and its 200-day simple moving average is $8.68.

Inspired Entertainment (NASDAQ:INSE) last released its quarterly earnings results on Tuesday, November 29th. The company reported $0.30 earnings per share for the quarter. Inspired Entertainment had a negative return on equity of 1,176.67% and a net margin of 18.78%.The company had revenue of $77.60 million during the quarter. On average, analysts anticipate that Inspired Entertainment will post 0.3 earnings per share 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.