BWS Financial Reiterates Buy Rating for Inspired Entertainment (NASDAQ:INSE)

Inspired Entertainment (NASDAQ:INSE)‘s stock had its “buy” rating reissued by equities researchers at BWS Financial in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $20.00 price objective on the stock. BWS Financial’s price objective points to a potential upside of 159.24% from the stock’s current price.

Several other research firms have also issued reports on INSE. Zacks Research raised Inspired Entertainment from a “strong sell” rating to a “hold” rating in a report on Thursday. Weiss Ratings lowered 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 Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $15.00.

Inspired Entertainment Price Performance

Shares of INSE traded down $0.25 during trading hours on Monday, hitting $7.72. The stock had a trading volume of 53,402 shares, compared to its average volume of 105,545. Inspired Entertainment has a 12 month low of $6.10 and a 12 month high of $9.95. The firm has a market capitalization of $205.80 million, a PE ratio of -12.66 and a beta of 1.19. The stock has a fifty day moving average price of $7.17 and a 200 day moving average price of $8.09.

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

Insider Buying and Selling at Inspired Entertainment

In related news, Chairman A Lorne Weil purchased 20,000 shares of the business’s stock in a transaction on Friday, March 27th. The stock was acquired at an average price of $6.80 per share, with a total value of $136,000.00. Following the completion of the acquisition, the chairman owned 622,771 shares of the company’s stock, valued at approximately $4,234,842.80. This trade represents a 3.32% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Michael R. Chambrello purchased 10,000 shares of the business’s stock in a transaction on Thursday, March 26th. The shares were bought at an average cost of $6.92 per share, with a total value of $69,200.00. Following the acquisition, the director directly owned 64,568 shares of the company’s stock, valued at $446,810.56. This trade represents a 18.33% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders purchased 80,000 shares of company stock valued at $545,748. Company insiders own 13.10% of the company’s stock.

Hedge Funds Weigh In On Inspired Entertainment

Hedge funds have recently made changes to their positions in the business. LSV Asset Management bought a new position in shares of Inspired Entertainment in the fourth quarter worth about $93,000. BNP Paribas Financial Markets boosted its stake in shares of Inspired Entertainment by 428.0% in the second quarter. BNP Paribas Financial Markets now owns 13,437 shares of the company’s stock worth $110,000 after acquiring an additional 10,892 shares during the period. Clarus Group Inc. boosted its stake in shares of Inspired Entertainment by 16.2% in the first quarter. Clarus Group Inc. now owns 15,591 shares of the company’s stock worth $111,000 after acquiring an additional 2,170 shares during the period. Jane Street Group LLC bought a new position in shares of Inspired Entertainment in the first quarter worth about $123,000. Finally, R Squared Ltd bought a new position in shares of Inspired Entertainment in the third quarter worth about $143,000. 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.