A Lorne Weil Purchases 20,000 Shares of Inspired Entertainment (NASDAQ:INSE) Stock

Inspired Entertainment, Inc. (NASDAQ:INSE) Chairman A Lorne Weil bought 20,000 shares of the firm’s stock in a transaction that occurred on Friday, March 27th. The shares were acquired at an average price of $6.80 per share, with a total value of $136,000.00. Following the purchase, the chairman owned 622,771 shares of the company’s stock, valued at $4,234,842.80. The trade was a 3.32% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Thursday, March 26th, A Lorne Weil purchased 21,659 shares of Inspired Entertainment stock. The stock was acquired at an average cost of $6.85 per share, with a total value of $148,364.15.
• On Wednesday, March 25th, A Lorne Weil purchased 8,341 shares of Inspired Entertainment stock. The stock was bought at an average price of $6.66 per share, for a total transaction of $55,551.06.

Inspired Entertainment Trading Down 2.8%

INSE stock opened at $6.68 on Friday. The stock has a market cap of $180.76 million, a P/E ratio of -11.32 and a beta of 1.23. Inspired Entertainment, Inc. has a twelve month low of $6.10 and a twelve month high of $9.95. The company’s 50 day moving average is $8.07 and its two-hundred day moving average is $8.49.

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. On average, equities research analysts predict that Inspired Entertainment, Inc. will post 0.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Weiss Ratings cut Inspired Entertainment from a “hold (c-)” rating to a “sell (d)” rating in a research report on Wednesday, March 11th. BWS Financial reissued a “buy” rating and issued a $20.00 target price on shares of Inspired Entertainment in a research report on Wednesday, March 11th. Finally, Zacks Research downgraded Inspired Entertainment from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.83.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of INSE. Samjo Management LLC grew its position in 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 last quarter. Brown Advisory Inc. raised its position 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 last quarter. Teton Advisors LLC purchased a new position in Inspired Entertainment during the 3rd quarter worth $1,903,000. SummerHaven Investment Management LLC acquired a new stake in shares of Inspired Entertainment in the 3rd quarter worth $888,000. Finally, Kanen Wealth Management LLC lifted its stake in shares of Inspired Entertainment by 50.9% in the 1st quarter. Kanen Wealth Management LLC now owns 2,006,017 shares of the company’s stock worth $18,929,000 after acquiring an additional 676,988 shares during the period. Institutional investors and hedge funds own 77.38% of the company’s stock.

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.