Inspired Entertainment (NASDAQ:INSE) Chairman A Lorne Weil Purchases 8,341 Shares

Inspired Entertainment, Inc. (NASDAQ:INSE) Chairman A Lorne Weil purchased 8,341 shares of the business’s stock in a transaction that occurred on Wednesday, March 25th. The shares were purchased at an average cost of $6.66 per share, with a total value of $55,551.06. Following the completion of the acquisition, the chairman directly owned 581,112 shares of the company’s stock, valued at $3,870,205.92. This represents a 1.46% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

A Lorne Weil also recently made the following trade(s):

• On Friday, March 27th, A Lorne Weil acquired 20,000 shares of Inspired Entertainment stock. The stock was purchased at an average price of $6.80 per share, with a total value of $136,000.00.
• On Thursday, March 26th, A Lorne Weil acquired 21,659 shares of Inspired Entertainment stock. The stock was acquired at an average cost of $6.85 per share, for a total transaction of $148,364.15.

Inspired Entertainment Trading Down 2.8%

NASDAQ INSE opened at $6.68 on Friday. The business’s 50 day moving average is $8.07 and its two-hundred day moving average is $8.49. Inspired Entertainment, Inc. has a 12-month low of $6.10 and a 12-month high of $9.95. The stock has a market capitalization of $180.76 million, a price-to-earnings ratio of -11.32 and a beta of 1.23.

Inspired Entertainment (NASDAQ:INSE) last issued its earnings results on Tuesday, March 10th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.43). The business had revenue of $77.20 million for the quarter, compared to analysts’ expectations of $76.08 million. Inspired Entertainment had a negative return on equity of 1,176.67% and a negative net margin of 5.59%. Equities analysts forecast that Inspired Entertainment, Inc. will post 0.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Inspired Entertainment

Several hedge funds have recently modified their holdings of INSE. Samjo Management LLC grew its holdings in shares of Inspired Entertainment by 5.7% during the second quarter. Samjo Management LLC now owns 2,077,510 shares of the company’s stock worth $16,973,000 after buying an additional 111,900 shares in the last quarter. Brown Advisory Inc. raised its position in shares of Inspired Entertainment by 12.5% in the second quarter. Brown Advisory Inc. now owns 529,771 shares of the company’s stock valued at $4,328,000 after buying an additional 58,973 shares during the last quarter. Teton Advisors LLC purchased a new position in shares of Inspired Entertainment during the third quarter valued at approximately $1,903,000. SummerHaven Investment Management LLC purchased a new position in shares of Inspired Entertainment during the third quarter valued at approximately $888,000. Finally, Kanen Wealth Management LLC boosted its position in Inspired Entertainment by 50.9% during the first quarter. Kanen Wealth Management LLC now owns 2,006,017 shares of the company’s stock worth $18,929,000 after acquiring an additional 676,988 shares during the last quarter. 77.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on INSE. Zacks Research downgraded Inspired Entertainment from a “hold” rating to a “strong sell” rating in a report on Thursday, March 12th. BWS Financial reaffirmed a “buy” rating and set a $20.00 price target on shares of Inspired Entertainment in a research note on Wednesday, March 11th. Finally, Weiss Ratings downgraded shares of Inspired Entertainment from a “hold (c-)” rating to a “sell (d)” rating in a report on Wednesday, March 11th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Inspired Entertainment presently has an average rating of “Moderate Buy” and a consensus price target of $12.83.

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.