Insider Buying: Inspired Entertainment (NASDAQ:INSE) Director Acquires $69,200.00 in Stock

Inspired Entertainment, Inc. (NASDAQ:INSE) Director Michael Chambrello acquired 10,000 shares of the stock in a transaction dated Thursday, March 26th. The shares were purchased at an average price of $6.92 per share, for a total transaction of $69,200.00. Following the completion of the purchase, the director directly owned 64,568 shares in the company, valued at $446,810.56. The trade was a 18.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Inspired Entertainment Stock Performance

Shares of INSE stock opened at $6.68 on Friday. Inspired Entertainment, Inc. has a 52-week low of $6.10 and a 52-week high of $9.95. The stock has a market cap of $180.76 million, a price-to-earnings ratio of -11.32 and a beta of 1.23. The firm’s 50-day moving average is $8.07 and its 200-day moving average is $8.49.

Inspired Entertainment (NASDAQ:INSE) last posted its quarterly 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). The business had revenue of $77.20 million for the quarter, compared to the consensus estimate of $76.08 million. Inspired Entertainment had a negative return on equity of 1,176.67% and a negative net margin of 5.59%. Sell-side analysts predict that Inspired Entertainment, Inc. will post 0.3 EPS for the current fiscal year.

Hedge Funds Weigh In On Inspired Entertainment

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Weiss Ratings lowered Inspired Entertainment from a “hold (c-)” rating to a “sell (d)” rating in a report on Wednesday, March 11th. 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. Finally, Zacks Research cut shares of 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 given a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $12.83.

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.