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

Shares of Inspired Entertainment, Inc. (NASDAQ:INSE) have received a consensus recommendation of “Hold” from the four brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $15.00.

Several brokerages have recently issued reports on INSE. Weiss Ratings downgraded shares of Inspired Entertainment from a “hold (c-)” rating to a “sell (d)” rating in a research note on Wednesday, March 11th. Zacks Research raised shares of Inspired Entertainment from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 7th. Finally, BWS Financial restated a “buy” rating and issued a $20.00 price objective on shares of Inspired Entertainment in a report on Monday.

Inspired Entertainment Price Performance

INSE opened at $7.72 on Tuesday. The stock has a 50-day moving average price of $7.15 and a 200-day moving average price of $8.09. The firm has a market cap of $205.89 million, a PE ratio of -12.66 and a beta of 1.19. Inspired Entertainment has a 1 year low of $6.10 and a 1 year high of $9.95.

Inspired Entertainment (NASDAQ:INSE) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.13. The company had revenue of $57.20 million for the quarter, compared to the consensus estimate of $58.89 million. Inspired Entertainment had a negative net margin of 5.78% and a negative return on equity of 1,176.67%. As a group, sell-side analysts anticipate that Inspired Entertainment will post 0.25 EPS for the current year.

Insiders Place Their Bets

In other Inspired Entertainment news, Chairman A Lorne Weil acquired 20,000 shares of the company’s stock in a transaction that occurred on Friday, March 27th. The shares were bought at an average cost of $6.80 per share, with a total value of $136,000.00. Following the completion of the transaction, the chairman directly owned 622,771 shares of the company’s stock, valued at approximately $4,234,842.80. This represents a 3.32% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael R. Chambrello acquired 10,000 shares of Inspired Entertainment stock in a transaction that occurred on Thursday, March 26th. The stock was acquired at an average price of $6.92 per share, with a total value of $69,200.00. Following the completion of the acquisition, the director directly owned 64,568 shares in the company, valued at $446,810.56. This represents a 18.33% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders acquired 80,000 shares of company stock valued at $545,748. Corporate insiders own 12.88% of the company’s stock.

Institutional Trading of Inspired Entertainment

A number of institutional investors have recently made changes to their positions in the stock. Kanen Wealth Management LLC raised its holdings in shares of Inspired Entertainment by 50.9% during the first quarter. Kanen Wealth Management LLC now owns 2,006,017 shares of the company’s stock valued at $18,929,000 after purchasing an additional 676,988 shares during the last quarter. Potomac Capital Management Inc. purchased a new stake in Inspired Entertainment in the fourth quarter worth approximately $6,089,000. Teton Advisors LLC bought a new stake in Inspired Entertainment in the 3rd quarter worth approximately $1,903,000. Marshall Wace LLP raised its stake in Inspired Entertainment by 233.7% during the 2nd quarter. Marshall Wace LLP now owns 208,062 shares of the company’s stock valued at $1,700,000 after buying an additional 145,720 shares during the last quarter. Finally, SummerHaven Investment Management LLC bought a new position in shares of Inspired Entertainment during the 3rd quarter valued at $888,000. Hedge funds and other 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.