Inspired Entertainment, Inc. (NASDAQ:INSE) Receives $14.00 Consensus PT from Analysts

Inspired Entertainment, Inc. (NASDAQ:INSE) has been given an average rating of “Moderate Buy” by the eight ratings firms that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $14.00.

Several research firms recently weighed in on INSE. 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. Weiss Ratings restated a “hold (c-)” rating on shares of Inspired Entertainment in a research report on Monday, December 29th.

Insiders Place Their Bets

In other news, Chairman A Lorne Weil bought 50,000 shares of the company’s stock in a transaction on Wednesday, November 26th. The stock was bought at an average cost of $8.11 per share, with a total value of $405,500.00. Following the transaction, the chairman directly owned 572,771 shares in the company, valued at $4,645,172.81. The trade was a 9.56% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 13.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in INSE. Kanen Wealth Management LLC increased its stake in shares of Inspired Entertainment by 50.9% during the first 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 purchased a new position in shares of Inspired Entertainment during the second quarter worth about $5,476,000. Potomac Capital Management Inc. acquired a new position in Inspired Entertainment during the fourth quarter worth approximately $6,089,000. Teton Advisors LLC acquired a new position in shares of Inspired Entertainment in the 3rd quarter valued at $1,903,000. Finally, Marshall Wace LLP raised its position in Inspired Entertainment by 233.7% in the 2nd 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 during the last quarter. Hedge funds and other institutional investors own 77.38% of the company’s stock.

Inspired Entertainment Trading Down 0.2%

Shares of NASDAQ:INSE opened at $8.33 on Thursday. The company has a market capitalization of $224.33 million, a price-to-earnings ratio of 4.19 and a beta of 1.26. Inspired Entertainment has a 12-month low of $6.51 and a 12-month high of $11.53. The business has a 50-day moving average price of $9.01 and a 200 day moving average price of $8.73.

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.