Insider Buying: Inspired Entertainment (NASDAQ:INSE) Chairman Acquires 8,341 Shares of Stock

Inspired Entertainment, Inc. (NASDAQ:INSE) Chairman A Lorne Weil purchased 8,341 shares of the stock in a transaction that occurred on Wednesday, March 25th. The stock was acquired at an average cost of $6.66 per share, with a total value of $55,551.06. Following the completion of the acquisition, the chairman directly owned 581,112 shares of the company’s stock, valued at $3,870,205.92. This represents a 1.46% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

A Lorne Weil also recently made the following trade(s):

• On Friday, March 27th, A Lorne Weil purchased 20,000 shares of Inspired Entertainment stock. The stock was bought at an average price of $6.80 per share, for a total transaction of $136,000.00.
• On Thursday, March 26th, A Lorne Weil acquired 21,659 shares of Inspired Entertainment stock. The shares were bought at an average cost of $6.85 per share, for a total transaction of $148,364.15.

Inspired Entertainment Trading Down 2.8%

Shares of NASDAQ:INSE opened at $6.68 on Friday. The firm has a 50 day simple moving average of $8.07 and a 200-day simple moving average of $8.49. Inspired Entertainment, Inc. has a twelve month low of $6.10 and a twelve month high of $9.95. The company has a market capitalization of $180.76 million, a PE ratio of -11.32 and a beta of 1.23.

Inspired Entertainment (NASDAQ:INSE) last posted its earnings results on Tuesday, March 10th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.43). Inspired Entertainment had a negative net margin of 5.59% and a negative return on equity of 1,176.67%. The company had revenue of $77.20 million during the quarter, compared to analysts’ expectations of $76.08 million. As a group, equities research analysts predict that Inspired Entertainment, Inc. will post 0.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on INSE shares. BWS Financial reaffirmed a “buy” rating and set a $20.00 price objective on shares of Inspired Entertainment in a report on Wednesday, March 11th. Weiss Ratings downgraded Inspired Entertainment from a “hold (c-)” rating to a “sell (d)” rating in a report on Wednesday, March 11th. Finally, Zacks Research cut Inspired Entertainment from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 12th. One investment 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 data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $12.83.

Hedge Funds Weigh In On Inspired Entertainment

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. LSV Asset Management acquired a new position in Inspired Entertainment in the 4th quarter valued at $93,000. BNP Paribas Financial Markets raised its position in Inspired Entertainment by 428.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 13,437 shares of the company’s stock worth $110,000 after buying an additional 10,892 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Inspired Entertainment in the 1st quarter worth $123,000. R Squared Ltd acquired a new stake in shares of Inspired Entertainment in the 3rd quarter worth $143,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Inspired Entertainment by 28.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,085 shares of the company’s stock valued at $151,000 after acquiring an additional 3,571 shares in the last quarter. 77.38% of the stock is currently owned by hedge funds and other institutional investors.

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.