Brokerages Set Inspired Entertainment, Inc. (NASDAQ:INSE) Price Target at $14.00

Shares of Inspired Entertainment, Inc. (NASDAQ:INSE) have been assigned a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $14.00.

A number of equities analysts have weighed in on the stock. BWS Financial reaffirmed a “buy” rating and set a $20.00 price objective on shares of Inspired Entertainment in a report on Monday, November 17th. Weiss Ratings restated a “hold (c-)” rating on shares of Inspired Entertainment in a research report on Monday, December 29th.

Insiders Place Their Bets

In other Inspired Entertainment news, Chairman A Lorne Weil bought 50,000 shares of the stock in a transaction on Wednesday, November 26th. The shares were bought at an average price of $8.11 per share, with a total value of $405,500.00. Following the purchase, the chairman directly owned 572,771 shares in the company, valued at $4,645,172.81. This trade represents a 9.56% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 12.88% of the company’s stock.

Institutional Investors Weigh In On Inspired Entertainment

Hedge funds have recently modified their holdings of the business. LSV Asset Management acquired a new position in Inspired Entertainment during the fourth quarter worth about $93,000. BNP Paribas Financial Markets raised 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 acquiring an additional 10,892 shares during the last quarter. Jane Street Group LLC purchased a new position in Inspired Entertainment in the 1st quarter worth approximately $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 boosted its holdings 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 during the last quarter. 77.38% of the stock is currently owned by institutional investors and hedge funds.

Inspired Entertainment Trading Down 4.0%

NASDAQ INSE opened at $8.00 on Thursday. The stock has a market capitalization of $215.44 million, a price-to-earnings ratio of 4.02 and a beta of 1.26. The stock has a 50-day moving average of $8.99 and a 200 day moving average of $8.73. Inspired Entertainment has a twelve month low of $6.51 and a twelve month high of $11.32.

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.