Insider Buying: Inspired Entertainment (NASDAQ:INSE) Chairman Acquires $55,551.06 in Stock

Inspired Entertainment, Inc. (NASDAQ:INSE) Chairman A Lorne Weil purchased 8,341 shares of the company’s stock in a transaction dated Wednesday, March 25th. The stock was purchased at an average cost of $6.66 per share, with a total value of $55,551.06. Following the purchase, the chairman owned 581,112 shares in the company, valued at approximately $3,870,205.92. This trade represents a 1.46% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

Inspired Entertainment Stock Performance

INSE opened at $6.95 on Tuesday. The stock has a market capitalization of $188.07 million, a PE ratio of -11.78 and a beta of 1.23. Inspired Entertainment, Inc. has a one year low of $6.10 and a one year high of $9.95. The business’s 50 day moving average price is $8.02 and its 200 day moving average price is $8.46.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in INSE. LSV Asset Management purchased a new position in shares of Inspired Entertainment during the fourth quarter worth $93,000. BNP Paribas Financial Markets raised its holdings in shares of 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 buying an additional 10,892 shares during the period. Jane Street Group LLC acquired a new position in Inspired Entertainment during the 1st quarter worth about $123,000. R Squared Ltd acquired a new position in Inspired Entertainment during the 3rd quarter worth about $143,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in 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 valued at $151,000 after acquiring an additional 3,571 shares during the period. 77.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on INSE shares. Zacks Research downgraded Inspired Entertainment from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 12th. Weiss Ratings cut shares of Inspired Entertainment from a “hold (c-)” rating to a “sell (d)” rating in a research report on Wednesday, March 11th. Finally, BWS Financial reaffirmed a “buy” rating and set a $20.00 target price on shares of Inspired Entertainment in a research note on Wednesday, March 11th. 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Inspired Entertainment presently has an average rating of “Moderate Buy” and a consensus price target of $12.83.

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.