Inspired Entertainment, Inc. (NASDAQ:INSE) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Inspired Entertainment, Inc. (NASDAQ:INSE) have received an average recommendation of “Moderate Buy” from the eight brokerages that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $14.00.

Several equities research analysts have recently commented on INSE shares. Weiss Ratings restated a “hold (c-)” rating on shares of Inspired Entertainment in a report on Monday. Zacks Research raised shares of Inspired Entertainment from a “strong sell” rating to a “hold” rating in a research note on Friday, September 5th. Finally, BWS Financial restated a “buy” rating and set a $20.00 target price on shares of Inspired Entertainment in a report on Monday, November 17th.

Insider Transactions at Inspired Entertainment

In related news, Chairman A Lorne Weil bought 50,000 shares of the business’s stock in a transaction on Wednesday, November 26th. The shares were bought at an average price of $8.11 per share, for a total transaction 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. This trade represents a 9.56% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brooks H. Pierce bought 10,000 shares of Inspired Entertainment stock in a transaction on Thursday, November 20th. The stock was purchased at an average price of $7.04 per share, with a total value of $70,400.00. Following the completion of the acquisition, the chief executive officer directly owned 12,000 shares of the company’s stock, valued at $84,480. This represents a 500.00% increase in their position. The disclosure for this purchase is available in the SEC filing. 13.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Inspired Entertainment

Several institutional investors and hedge funds have recently bought and sold shares of INSE. Nuveen LLC acquired a new stake in shares of Inspired Entertainment in the 1st quarter worth $643,000. Samjo Management LLC raised its stake in 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 buying an additional 111,900 shares during the last quarter. Krilogy Financial LLC acquired a new stake in Inspired Entertainment in the second quarter worth about $245,000. Kanen Wealth Management LLC grew its stake in shares of Inspired Entertainment by 19.1% during the second quarter. Kanen Wealth Management LLC now owns 2,389,007 shares of the company’s stock worth $19,518,000 after acquiring an additional 382,990 shares during the last quarter. Finally, XTX Topco Ltd increased its holdings in shares of Inspired Entertainment by 26.8% during the first quarter. XTX Topco Ltd now owns 19,272 shares of the company’s stock valued at $165,000 after acquiring an additional 4,072 shares in the last quarter. 77.38% of the stock is owned by hedge funds and other institutional investors.

Inspired Entertainment Trading Up 1.2%

Shares of INSE stock opened at $8.78 on Friday. Inspired Entertainment has a twelve month low of $6.51 and a twelve month high of $11.61. The stock has a fifty day simple moving average of $8.19 and a two-hundred day simple moving average of $8.48. The stock has a market capitalization of $236.45 million, a price-to-earnings ratio of 4.41 and a beta of 1.28.

Inspired Entertainment (NASDAQ:INSE) last announced its quarterly earnings results on Tuesday, November 29th. The company reported $0.30 EPS for the quarter. Inspired Entertainment had a negative return on equity of 1,176.67% and a net margin of 18.78%.The firm had revenue of $77.60 million for the quarter. Research analysts predict that Inspired Entertainment will post 0.3 EPS for the current fiscal year.

Inspired Entertainment Company Profile

Inspired Entertainment, Inc, a gaming technology company, engages in the supply of content, platform, and other products and services to regulated lottery, betting, and gaming operators worldwide. It operates in four segments: Gaming, Virtual Sports, Interactive, and Leisure. The Gaming segment supplies gaming terminals and software to betting offices, casinos, gaming halls, and high street adult gaming centers; a portfolio of games through its digital terminals under the Centurion and Super Hot Fruits names; and traditional casino games, such as roulette, blackjack, and number games.