Inspired Entertainment, Inc. (NASDAQ:INSE) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Inspired Entertainment, Inc. (NASDAQ:INSE) have been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $14.00.

Several equities research analysts have recently commented on INSE shares. BWS Financial reaffirmed a “buy” rating and issued a $20.00 target price on shares of Inspired Entertainment in a research report on Monday, November 17th. Weiss Ratings restated a “hold (c-)” rating on shares of Inspired Entertainment in a report on Monday, December 29th.

Inspired Entertainment Stock Performance

Shares of INSE stock opened at $9.22 on Wednesday. Inspired Entertainment has a fifty-two week low of $6.51 and a fifty-two week high of $11.61. The firm has a market cap of $248.29 million, a P/E ratio of 4.63 and a beta of 1.27. The business’s 50 day moving average price is $8.50 and its 200-day moving average price is $8.70.

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

Insider Buying and Selling

In other news, CEO Brooks H. Pierce bought 10,000 shares of the stock in a transaction dated Thursday, November 20th. The stock was bought at an average price of $7.04 per share, for a total transaction of $70,400.00. Following the purchase, the chief executive officer directly owned 12,000 shares in the company, valued at $84,480. This trade represents a 500.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman A Lorne Weil purchased 50,000 shares of Inspired Entertainment stock in a transaction that occurred on Wednesday, November 26th. The stock was purchased at an average cost of $8.11 per share, for a total transaction of $405,500.00. Following the completion of the purchase, the chairman owned 572,771 shares of the company’s stock, valued at $4,645,172.81. This trade represents a 9.56% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 12.88% of the company’s stock.

Institutional Investors Weigh In On Inspired Entertainment

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Kanen Wealth Management LLC grew its stake in shares of Inspired Entertainment by 12.3% in the third quarter. Kanen Wealth Management LLC now owns 2,683,969 shares of the company’s stock worth $25,085,000 after acquiring an additional 294,962 shares during the last quarter. Samjo Management LLC grew its holdings in shares of Inspired Entertainment by 5.7% in the second quarter. Samjo Management LLC now owns 2,077,510 shares of the company’s stock worth $16,973,000 after acquiring an additional 111,900 shares during the period. Private Management Group Inc. grew its stake in shares of Inspired Entertainment by 0.7% during the 3rd quarter. Private Management Group Inc. now owns 1,313,904 shares of the company’s stock valued at $12,324,000 after purchasing an additional 8,900 shares during the period. CSM Advisors LLC purchased a new stake in shares of Inspired Entertainment during the 2nd quarter valued at about $5,476,000. Finally, Geode Capital Management LLC lifted its stake in shares of Inspired Entertainment by 8.9% in the 2nd quarter. Geode Capital Management LLC now owns 565,185 shares of the company’s stock worth $4,619,000 after purchasing an additional 46,328 shares during the period. Hedge funds and other institutional investors 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.