Inspired Entertainment (NASDAQ:INSE) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Inspired Entertainment (NASDAQ:INSE) from a strong sell rating to a hold rating in a research report report published on Thursday morning,Zacks.com reports.

A number of other analysts also recently commented on the stock. Weiss Ratings downgraded shares of Inspired Entertainment from a “hold (c-)” rating to a “sell (d)” rating in a report on Wednesday, March 11th. BWS Financial reiterated a “buy” rating and issued a $20.00 target price on shares of Inspired Entertainment in a report on Wednesday, March 11th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $15.00.

Inspired Entertainment Price Performance

NASDAQ INSE opened at $7.96 on Thursday. The company’s 50 day simple moving average is $7.17 and its 200 day simple moving average is $8.09. Inspired Entertainment has a 12 month low of $6.10 and a 12 month high of $9.95. The company has a market capitalization of $212.29 million, a P/E ratio of -13.05 and a beta of 1.19.

Inspired Entertainment (NASDAQ:INSE) last released its earnings results on Thursday, May 7th. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.13. Inspired Entertainment had a negative net margin of 5.78% and a negative return on equity of 1,176.67%. The business had revenue of $57.20 million for the quarter, compared to the consensus estimate of $58.89 million. On average, analysts anticipate that Inspired Entertainment will post 0.25 earnings per share for the current year.

Insider Activity

In other news, Chairman A Lorne Weil purchased 20,000 shares of the business’s stock in a transaction dated Friday, March 27th. The shares were acquired at an average price of $6.80 per share, for a total transaction of $136,000.00. Following the completion of the acquisition, the chairman directly owned 622,771 shares of the company’s stock, valued at $4,234,842.80. The trade was a 3.32% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael R. Chambrello purchased 10,000 shares of the business’s stock in a transaction dated Thursday, March 26th. The shares were purchased at an average price of $6.92 per share, for a total transaction 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 ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought 80,000 shares of company stock worth $545,748 over the last 90 days. 13.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Kanen Wealth Management LLC increased its stake in Inspired Entertainment by 12.3% in the 3rd quarter. Kanen Wealth Management LLC now owns 2,683,969 shares of the company’s stock valued at $25,085,000 after buying an additional 294,962 shares during the period. Private Management Group Inc. increased its stake in Inspired Entertainment by 0.7% in the 3rd quarter. Private Management Group Inc. now owns 1,313,904 shares of the company’s stock valued at $12,324,000 after buying an additional 8,900 shares during the period. Brown Advisory Inc. increased its stake in Inspired Entertainment by 8.4% in the 4th quarter. Brown Advisory Inc. now owns 900,633 shares of the company’s stock valued at $8,430,000 after buying an additional 70,000 shares during the period. CSM Advisors LLC increased its stake in Inspired Entertainment by 8.8% in the 4th quarter. CSM Advisors LLC now owns 707,428 shares of the company’s stock valued at $6,621,000 after buying an additional 57,485 shares during the period. Finally, Potomac Capital Management Inc. acquired a new position in Inspired Entertainment in the 4th quarter valued at approximately $6,089,000. Institutional investors and hedge funds own 77.38% of the company’s stock.

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.