Brokerages Set Inspired Entertainment, Inc. (NASDAQ:INSE) Price Target at $14.00

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

A number of brokerages have recently weighed in on INSE. Weiss Ratings restated a “hold (c-)” rating on shares of Inspired Entertainment in a research note on Monday, December 29th. BWS Financial restated a “buy” rating and issued a $20.00 price objective on shares of Inspired Entertainment in a research report on Monday, November 17th.

Insider Activity at Inspired Entertainment

In other news, CEO Brooks H. Pierce acquired 10,000 shares of Inspired Entertainment stock in a transaction on Thursday, November 20th. The shares were purchased at an average price of $7.04 per share, with a total value of $70,400.00. Following the acquisition, the chief executive officer owned 12,000 shares in the company, valued at $84,480. This represents a 500.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman A Lorne Weil bought 50,000 shares of the stock in a transaction dated Wednesday, November 26th. The stock was 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 in the company, valued at approximately $4,645,172.81. This trade represents a 9.56% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 12.88% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Kanen Wealth Management LLC grew its position in shares of Inspired Entertainment by 50.9% during the 1st quarter. Kanen Wealth Management LLC now owns 2,006,017 shares of the company’s stock worth $18,929,000 after buying an additional 676,988 shares during the period. CSM Advisors LLC bought a new position in Inspired Entertainment in the second quarter valued at approximately $5,476,000. Teton Advisors LLC bought a new position in Inspired Entertainment in the third quarter valued at approximately $1,903,000. Marshall Wace LLP grew its holdings in Inspired Entertainment by 233.7% during the 2nd quarter. Marshall Wace LLP now owns 208,062 shares of the company’s stock worth $1,700,000 after acquiring an additional 145,720 shares during the period. Finally, Samjo Management LLC raised its position in shares of Inspired Entertainment by 5.7% during the 2nd quarter. Samjo Management LLC now owns 2,077,510 shares of the company’s stock valued at $16,973,000 after acquiring an additional 111,900 shares during the last quarter. Institutional investors own 77.38% of the company’s stock.

Inspired Entertainment Stock Down 2.1%

NASDAQ:INSE opened at $8.86 on Friday. The firm has a market cap of $238.60 million, a PE ratio of 4.45 and a beta of 1.27. Inspired Entertainment has a 12 month low of $6.51 and a 12 month high of $11.61. The company’s 50-day moving average price is $8.93 and its two-hundred day moving average price is $8.80.

Inspired Entertainment (NASDAQ:INSE) last posted its earnings results on Thursday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The firm had revenue of $86.20 million during the quarter, compared to the consensus estimate 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 expect that Inspired Entertainment will post 0.3 EPS for the current fiscal year.

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.