Inspired Entertainment, Inc. (NASDAQ:INSE) Receives Average Rating of “Moderate Buy” from Brokerages

Inspired Entertainment, Inc. (NASDAQ:INSE) has been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $14.00.

Several equities research analysts have recently weighed in on INSE shares. Zacks Research upgraded Inspired Entertainment from a “strong sell” rating to a “hold” rating in a research note on Friday, September 5th. BWS Financial reaffirmed a “buy” rating and issued a $20.00 price target on shares of Inspired Entertainment in a research note on Monday, November 17th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Inspired Entertainment in a research note on Monday.

Inspired Entertainment Stock Up 0.4%

INSE stock opened at $9.46 on Wednesday. The company has a market cap of $254.76 million, a PE ratio of 4.75 and a beta of 1.28. Inspired Entertainment has a twelve month low of $6.51 and a twelve month high of $11.61. The business’s 50-day simple moving average is $8.38 and its 200 day simple moving average is $8.64.

Inspired Entertainment (NASDAQ:INSE) last issued its earnings results on Tuesday, November 29th. The company reported $0.30 EPS for the quarter. The firm 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%. On average, equities research analysts anticipate that Inspired Entertainment will post 0.3 EPS for the current year.

Insider Transactions at Inspired Entertainment

In other news, Chairman A Lorne Weil acquired 50,000 shares of the firm’s stock in a transaction on Wednesday, November 26th. The shares were purchased at an average cost of $8.11 per share, with a total value 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 represents a 9.56% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brooks H. Pierce acquired 10,000 shares of the company’s stock in a transaction dated Thursday, November 20th. The shares were purchased at an average cost of $7.04 per share, with a total value of $70,400.00. Following the acquisition, the chief executive officer owned 12,000 shares of the company’s stock, valued at approximately $84,480. This represents a 500.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 12.88% of the company’s stock.

Institutional Investors Weigh In On Inspired Entertainment

Large investors have recently bought and sold shares of the business. MetLife Investment Management LLC raised its position in Inspired Entertainment by 28.7% in the 1st quarter. MetLife Investment Management LLC now owns 12,341 shares of the company’s stock valued at $105,000 after purchasing an additional 2,751 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of Inspired Entertainment by 428.0% in the second 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 in the last quarter. Jane Street Group LLC bought a new position in shares of Inspired Entertainment in the first quarter valued at about $123,000. R Squared Ltd acquired a new position in Inspired Entertainment during the 3rd quarter worth about $143,000. Finally, Clarus Group Inc. lifted its position in Inspired Entertainment by 21.2% during the 3rd quarter. Clarus Group Inc. now owns 16,998 shares of the company’s stock worth $159,000 after buying an additional 2,979 shares in the last quarter. 77.38% of the stock is currently owned by institutional investors.

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.