XTX Topco Ltd Acquires 4,072 Shares of Inspired Entertainment, Inc. (NASDAQ:INSE)

XTX Topco Ltd boosted its holdings in Inspired Entertainment, Inc. (NASDAQ:INSE) by 26.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,272 shares of the company’s stock after purchasing an additional 4,072 shares during the quarter. XTX Topco Ltd owned approximately 0.07% of Inspired Entertainment worth $165,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its stake in Inspired Entertainment by 51.0% in the 4th quarter. Wells Fargo & Company MN now owns 10,350 shares of the company’s stock worth $94,000 after purchasing an additional 3,494 shares during the period. Oxford Asset Management LLP bought a new position in Inspired Entertainment in the 4th quarter worth approximately $96,000. Aptus Capital Advisors LLC bought a new position in Inspired Entertainment in the 4th quarter worth approximately $127,000. LPL Financial LLC bought a new position in Inspired Entertainment in the 4th quarter worth approximately $136,000. Finally, Millennium Management LLC boosted its stake in Inspired Entertainment by 8.9% in the 4th quarter. Millennium Management LLC now owns 15,713 shares of the company’s stock worth $142,000 after purchasing an additional 1,287 shares during the period. 77.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

INSE has been the subject of a number of research reports. BWS Financial reiterated a “buy” rating and set a $20.00 target price on shares of Inspired Entertainment in a research report on Monday. JMP Securities lowered their target price on Inspired Entertainment from $13.00 to $12.00 and set a “market outperform” rating for the company in a research report on Friday, May 9th. Macquarie reiterated a “neutral” rating and set a $10.00 target price on shares of Inspired Entertainment in a research report on Thursday, August 7th. Piper Sandler lowered their target price on Inspired Entertainment from $13.00 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. Finally, Wall Street Zen downgraded Inspired Entertainment from a “buy” rating to a “hold” rating in a research report on Friday, July 18th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Inspired Entertainment currently has a consensus rating of “Buy” and an average target price of $14.00.

Inspired Entertainment Stock Performance

NASDAQ:INSE opened at $8.62 on Thursday. The stock’s fifty day moving average is $8.50 and its 200 day moving average is $8.64. Inspired Entertainment, Inc. has a fifty-two week low of $6.51 and a fifty-two week high of $11.61. The firm has a market capitalization of $232.05 million, a PE ratio of 3.95 and a beta of 1.62.

Inspired Entertainment (NASDAQ:INSE) last released its quarterly earnings results on Wednesday, August 6th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.17). Inspired Entertainment had a net margin of 21.05% and a negative return on equity of 281.67%. The company had revenue of $80.30 million for the quarter, compared to analysts’ expectations of $75.23 million. Equities analysts forecast 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.