Inspired Entertainment, Inc. (NASDAQ:INSE) Receives $14.00 Average Target Price from Brokerages

Shares of Inspired Entertainment, Inc. (NASDAQ:INSE) have received an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $14.00.

INSE has been the subject of a number of research analyst reports. BWS Financial restated a “buy” rating and set a $20.00 price objective on shares of Inspired Entertainment in a research report on Monday, November 17th. Weiss Ratings reissued a “hold (c-)” rating on shares of Inspired Entertainment in a research note on Monday. Finally, Zacks Research raised Inspired Entertainment from a “strong sell” rating to a “hold” rating in a research note on Friday, September 5th.

Insiders Place Their Bets

In other Inspired Entertainment news, CEO Brooks H. Pierce acquired 10,000 shares of the stock in a transaction on Thursday, November 20th. The stock was acquired at an average price of $7.04 per share, for a total transaction of $70,400.00. Following the completion of the transaction, the chief executive officer directly owned 12,000 shares of the company’s stock, valued at $84,480. This trade represents a 500.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman A Lorne Weil acquired 50,000 shares of the company’s stock in a transaction on Wednesday, November 26th. The stock was acquired 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 directly owned 572,771 shares in the company, valued at approximately $4,645,172.81. This represents a 9.56% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 13.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in INSE. Nuveen LLC purchased a new position in Inspired Entertainment during the first quarter worth $643,000. Samjo Management LLC raised its stake in shares of Inspired Entertainment by 5.7% in the second quarter. Samjo Management LLC now owns 2,077,510 shares of the company’s stock valued at $16,973,000 after acquiring an additional 111,900 shares during the period. Krilogy Financial LLC bought a new stake in shares of Inspired Entertainment in the 2nd quarter worth about $245,000. Brown Advisory Inc. lifted its holdings in shares of Inspired Entertainment by 12.5% in the 2nd quarter. Brown Advisory Inc. now owns 529,771 shares of the company’s stock worth $4,328,000 after acquiring an additional 58,973 shares during the last quarter. Finally, Kanen Wealth Management LLC boosted its stake in shares of Inspired Entertainment by 19.1% during the 2nd quarter. Kanen Wealth Management LLC now owns 2,389,007 shares of the company’s stock worth $19,518,000 after purchasing an additional 382,990 shares during the period. Hedge funds and other institutional investors own 77.38% of the company’s stock.

Inspired Entertainment Price Performance

Inspired Entertainment stock opened at $8.97 on Wednesday. Inspired Entertainment has a 1 year low of $6.51 and a 1 year high of $11.61. The firm’s 50 day moving average price is $8.45 and its 200-day moving average price is $8.66. The stock has a market cap of $241.54 million, a P/E ratio of 4.51 and a beta of 1.28.

Inspired Entertainment (NASDAQ:INSE) last posted its earnings results on Tuesday, November 29th. The company reported $0.30 earnings per share for the quarter. The company had revenue of $77.60 million during the quarter. Inspired Entertainment had a net margin of 18.78% and a negative return on equity of 1,176.67%. As a group, equities analysts expect that Inspired Entertainment will post 0.3 EPS for the current year.

Inspired Entertainment Company Profile

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.