15,200 Shares in Inspired Entertainment, Inc. (NASDAQ:INSE) Bought by XTX Topco Ltd

XTX Topco Ltd purchased a new stake in Inspired Entertainment, Inc. (NASDAQ:INSE) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 15,200 shares of the company’s stock, valued at approximately $138,000. XTX Topco Ltd owned approximately 0.06% of Inspired Entertainment as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. SkyView Investment Advisors LLC boosted its holdings in Inspired Entertainment by 4.4% in the third quarter. SkyView Investment Advisors LLC now owns 27,674 shares of the company’s stock valued at $257,000 after acquiring an additional 1,174 shares in the last quarter. Clarus Group Inc. boosted its holdings in Inspired Entertainment by 12.0% in the fourth quarter. Clarus Group Inc. now owns 14,019 shares of the company’s stock valued at $127,000 after acquiring an additional 1,500 shares in the last quarter. State Street Corp boosted its holdings in Inspired Entertainment by 0.7% in the third quarter. State Street Corp now owns 405,625 shares of the company’s stock valued at $3,760,000 after acquiring an additional 2,675 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Inspired Entertainment by 51.0% in the fourth quarter. Wells Fargo & Company MN now owns 10,350 shares of the company’s stock valued at $94,000 after acquiring an additional 3,494 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Inspired Entertainment by 0.8% in the third quarter. Geode Capital Management LLC now owns 521,451 shares of the company’s stock valued at $4,835,000 after acquiring an additional 4,233 shares in the last quarter. Institutional investors own 77.38% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on INSE. B. Riley initiated coverage on shares of Inspired Entertainment in a report on Tuesday, April 8th. They issued a “buy” rating and a $13.00 price target on the stock. New Street Research set a $21.00 target price on shares of Inspired Entertainment in a report on Friday, March 14th. Piper Sandler dropped their target price on shares of Inspired Entertainment from $13.00 to $11.00 and set a “buy” rating on the stock in a report on Wednesday, April 23rd. JMP Securities dropped their target price on shares of Inspired Entertainment from $14.00 to $13.00 and set a “market outperform” rating on the stock in a report on Thursday, April 17th. Finally, Truist Financial dropped their target price on shares of Inspired Entertainment from $13.00 to $11.00 and set a “buy” rating on the stock in a report on Wednesday, April 23rd. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $13.17.

Inspired Entertainment Price Performance

INSE opened at $7.69 on Wednesday. The stock has a 50-day moving average price of $8.49 and a 200-day moving average price of $9.22. The firm has a market cap of $206.90 million, a PE ratio of -768.23 and a beta of 1.27. Inspired Entertainment, Inc. has a 1 year low of $6.51 and a 1 year high of $11.61.

Inspired Entertainment (NASDAQ:INSE) last posted its quarterly earnings results on Monday, March 17th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.13). Inspired Entertainment had a negative return on equity of 6.35% and a negative net margin of 0.10%. The company had revenue of $83.00 million during the quarter, compared to analysts’ expectations of $79.19 million. As a group, sell-side analysts anticipate that Inspired Entertainment, Inc. will post 0.3 EPS for the current year.

About Inspired Entertainment

Inspired Entertainment, Inc, a gaming technology company, engages in the supply of content, platform, and other products and services to regulated lottery, betting, and gaming operators worldwide. It operates in four segments: Gaming, Virtual Sports, Interactive, and Leisure. The Gaming segment supplies gaming terminals and software to betting offices, casinos, gaming halls, and high street adult gaming centers; a portfolio of games through its digital terminals under the Centurion and Super Hot Fruits names; and traditional casino games, such as roulette, blackjack, and number games.