Inspired Entertainment (NASDAQ:INSE) Chairman Purchases $148,364.15 in Stock

Inspired Entertainment, Inc. (NASDAQ:INSE) Chairman A Lorne Weil purchased 21,659 shares of the business’s stock in a transaction on Thursday, March 26th. The stock was bought at an average cost of $6.85 per share, with a total value of $148,364.15. Following the purchase, the chairman owned 602,771 shares in the company, valued at approximately $4,128,981.35. This represents a 3.73% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available 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 shares were bought at an average price of $6.80 per share, for a total transaction of $136,000.00.
• On Wednesday, March 25th, A Lorne Weil acquired 8,341 shares of Inspired Entertainment stock. The shares were bought at an average cost of $6.66 per share, with a total value of $55,551.06.

Inspired Entertainment Stock Performance

Shares of NASDAQ:INSE opened at $6.95 on Tuesday. Inspired Entertainment, Inc. has a 52-week low of $6.10 and a 52-week high of $9.95. The firm has a fifty day moving average of $8.02 and a 200 day moving average of $8.46. The firm has a market capitalization of $188.07 million, a PE ratio of -11.78 and a beta of 1.23.

Inspired Entertainment (NASDAQ:INSE) last released its earnings results 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 during the quarter, compared to the consensus estimate of $76.08 million. On average, sell-side analysts forecast that Inspired Entertainment, Inc. will post 0.3 EPS for the current fiscal year.

Hedge Funds Weigh In On Inspired Entertainment

A number of large investors have recently bought and sold shares of INSE. LSV Asset Management bought a new stake in Inspired Entertainment in the fourth quarter valued at approximately $93,000. BNP Paribas Financial Markets boosted its stake in shares of Inspired Entertainment by 428.0% during the second 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 during the period. Jane Street Group LLC bought a new position in shares of Inspired Entertainment in the first quarter worth approximately $123,000. R Squared Ltd purchased a new position in shares of Inspired Entertainment in the third quarter worth $143,000. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Inspired Entertainment by 28.5% in 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 during the period. 77.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on INSE. Weiss Ratings cut shares of Inspired Entertainment from a “hold (c-)” rating to a “sell (d)” rating in a research report on Wednesday, March 11th. Zacks Research lowered shares of Inspired Entertainment from a “hold” rating to a “strong sell” rating in a report on Thursday, March 12th. Finally, BWS Financial reiterated a “buy” rating and issued a $20.00 target price on shares of Inspired Entertainment in a research report on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.