Insider Buying: Inspired Entertainment (NASDAQ:INSE) Director Acquires 10,000 Shares of Stock

Inspired Entertainment, Inc. (NASDAQ:INSE) Director Michael Chambrello purchased 10,000 shares of the business’s stock in a transaction that occurred on Thursday, March 26th. The stock was bought at an average price of $6.92 per share, with a total value of $69,200.00. Following the completion of the purchase, the director owned 64,568 shares of the company’s stock, valued at $446,810.56. This trade represents a 18.33% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Inspired Entertainment Price Performance

Shares of NASDAQ:INSE opened at $6.68 on Friday. The business’s 50 day simple moving average is $8.07 and its 200 day simple moving average is $8.49. Inspired Entertainment, Inc. has a 1 year low of $6.10 and a 1 year high of $9.95. The company has a market capitalization of $180.76 million, a P/E ratio of -11.32 and a beta of 1.23.

Inspired Entertainment (NASDAQ:INSE) last announced its quarterly earnings data on Tuesday, March 10th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.43). The company had revenue of $77.20 million during the quarter, compared to analyst estimates of $76.08 million. Inspired Entertainment had a negative net margin of 5.59% and a negative return on equity of 1,176.67%. On average, sell-side analysts anticipate that Inspired Entertainment, Inc. will post 0.3 EPS for the current fiscal year.

Analysts Set New Price Targets

INSE has been the subject of several recent analyst reports. Zacks Research cut shares of Inspired Entertainment from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 12th. Weiss Ratings cut shares of Inspired Entertainment from a “hold (c-)” rating to a “sell (d)” rating in a research report on Wednesday, March 11th. Finally, BWS Financial reaffirmed a “buy” rating and set a $20.00 price target on shares of Inspired Entertainment in a report on Wednesday, March 11th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.83.

Hedge Funds Weigh In On Inspired Entertainment

Hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its holdings in shares of Inspired Entertainment by 0.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 211,766 shares of the company’s stock worth $1,986,000 after buying an additional 1,866 shares in the last quarter. SkyView Investment Advisors LLC boosted its stake in Inspired Entertainment by 3.7% in the second quarter. SkyView Investment Advisors LLC now owns 68,884 shares of the company’s stock valued at $551,000 after buying an additional 2,477 shares in the last quarter. Clarus Group Inc. grew its position in Inspired Entertainment by 21.2% in the third quarter. Clarus Group Inc. now owns 16,998 shares of the company’s stock valued at $159,000 after acquiring an additional 2,979 shares during the last quarter. Barclays PLC grew its position in Inspired Entertainment by 7.3% in the fourth quarter. Barclays PLC now owns 46,535 shares of the company’s stock valued at $436,000 after acquiring an additional 3,155 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in Inspired Entertainment by 28.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,085 shares of the company’s stock worth $151,000 after acquiring an additional 3,571 shares in the last quarter. Institutional investors own 77.38% of the company’s stock.

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.