Insider Buying: Inspired Entertainment (NASDAQ:INSE) Chairman Purchases $136,000.00 in Stock

Inspired Entertainment, Inc. (NASDAQ:INSE) Chairman A Lorne Weil bought 20,000 shares of the business’s stock in a transaction on Friday, March 27th. The stock was bought at an average cost of $6.80 per share, with a total value of $136,000.00. Following the transaction, the chairman owned 622,771 shares in the company, valued at $4,234,842.80. This trade represents a 3.32% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Thursday, March 26th, A Lorne Weil bought 21,659 shares of Inspired Entertainment stock. The shares were bought at an average price of $6.85 per share, with a total value of $148,364.15.
• On Wednesday, March 25th, A Lorne Weil purchased 8,341 shares of Inspired Entertainment stock. The shares were purchased at an average cost of $6.66 per share, for a total transaction of $55,551.06.

Inspired Entertainment Price Performance

INSE stock opened at $6.95 on Tuesday. Inspired Entertainment, Inc. has a 1 year low of $6.10 and a 1 year high of $9.95. The company has a market cap of $188.07 million, a P/E ratio of -11.78 and a beta of 1.23. The stock’s fifty day moving average price is $8.02 and its 200-day moving average price is $8.46.

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

Analysts Set New Price Targets

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

Institutional Trading of Inspired Entertainment

Several hedge funds have recently bought and sold shares of the stock. Kanen Wealth Management LLC increased its position in Inspired Entertainment by 50.9% in the first quarter. Kanen Wealth Management LLC now owns 2,006,017 shares of the company’s stock worth $18,929,000 after buying an additional 676,988 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Inspired Entertainment in the first quarter worth about $123,000. Geode Capital Management LLC lifted its position in shares of Inspired Entertainment by 8.9% during the 2nd quarter. Geode Capital Management LLC now owns 565,185 shares of the company’s stock valued at $4,619,000 after buying an additional 46,328 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Inspired Entertainment by 11.8% during the 2nd quarter. Rhumbline Advisers now owns 35,915 shares of the company’s stock valued at $293,000 after buying an additional 3,794 shares in the last quarter. Finally, XTX Topco Ltd grew its stake in shares of Inspired Entertainment by 28.3% during the 2nd quarter. XTX Topco Ltd now owns 24,722 shares of the company’s stock valued at $202,000 after acquiring an additional 5,450 shares during the period. Institutional investors own 77.38% of the company’s stock.

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.