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

Shares of Inspired Entertainment, Inc. (NASDAQ:INSE) have earned a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the firm, Marketbeat.com reports. Three 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 12-month price objective among analysts that have issued ratings on the stock in the last year is $14.00.

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

Insiders Place Their Bets

In related news, Chairman A Lorne Weil purchased 50,000 shares of Inspired Entertainment stock in a transaction dated Wednesday, November 26th. The shares were acquired at an average cost of $8.11 per share, for a total transaction of $405,500.00. Following the transaction, 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 SEC, which is available at this link. Also, CEO Brooks H. Pierce acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The shares were bought 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 of the company’s stock, valued at $84,480. This trade represents a 500.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 12.88% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Inspired Entertainment

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INSE. Nuveen LLC bought a new stake in Inspired Entertainment in the first quarter valued at approximately $643,000. Samjo Management LLC grew its holdings in shares of Inspired Entertainment by 5.7% in the 2nd 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 period. Krilogy Financial LLC bought a new stake in shares of Inspired Entertainment in the 2nd quarter valued at $245,000. Brown Advisory Inc. raised its stake in Inspired Entertainment by 12.5% during the 2nd 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 period. Finally, Kanen Wealth Management LLC lifted its holdings in 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 in the last quarter. Institutional investors own 77.38% of the company’s stock.

Inspired Entertainment Price Performance

INSE opened at $9.46 on Wednesday. The stock has a market capitalization of $254.76 million, a P/E ratio of 4.75 and a beta of 1.28. The company’s 50 day simple moving average is $8.38 and its 200-day simple moving average is $8.64. Inspired Entertainment has a one year low of $6.51 and a one year high of $11.61.

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