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

Inspired Entertainment, Inc. (NASDAQ:INSE) has been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $14.00.

INSE has been the subject of a number of research analyst reports. BWS Financial reiterated a “buy” rating and set a $20.00 price target on shares of Inspired Entertainment in a report on Monday, November 17th. Weiss Ratings reissued a “hold (c-)” rating on shares of Inspired Entertainment in a research note on Monday, December 29th.

Inspired Entertainment Trading Down 0.2%

Shares of Inspired Entertainment stock opened at $8.38 on Thursday. Inspired Entertainment has a 1-year low of $6.51 and a 1-year high of $11.61. The firm has a fifty day simple moving average of $9.04 and a 200-day simple moving average of $8.74. The stock has a market capitalization of $225.67 million, a price-to-earnings ratio of 4.21 and a beta of 1.26.

Insider Activity

In other news, Chairman A Lorne Weil bought 50,000 shares of Inspired Entertainment stock in a transaction dated Wednesday, November 26th. The shares were bought at an average price of $8.11 per share, for a total transaction of $405,500.00. Following the purchase, the chairman owned 572,771 shares of the company’s stock, valued at approximately $4,645,172.81. This trade represents a 9.56% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 13.10% of the company’s stock.

Institutional Trading of Inspired Entertainment

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. LSV Asset Management acquired a new stake in shares of Inspired Entertainment during the fourth quarter worth $93,000. BNP Paribas Financial Markets lifted its holdings in shares of Inspired Entertainment by 428.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 13,437 shares of the company’s stock valued at $110,000 after purchasing an additional 10,892 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Inspired Entertainment in the first quarter valued at approximately $123,000. R Squared Ltd bought a new stake in shares of Inspired Entertainment during the third quarter worth $143,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Inspired Entertainment by 28.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,085 shares of the company’s stock worth $151,000 after buying an additional 3,571 shares in the last quarter. 77.38% of the stock is 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.