Inspired Entertainment (NASDAQ:INSE) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Inspired Entertainment, Inc. (NASDAQ:INSE) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.79 and traded as high as $8.85. Inspired Entertainment shares last traded at $8.70, with a volume of 80,508 shares traded.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Inspired Entertainment in a research report on Monday, December 29th. BWS Financial restated a “buy” rating and set a $20.00 target price on shares of Inspired Entertainment in a report on Monday, November 17th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $14.00.

Inspired Entertainment Price Performance

The company’s 50-day moving average price is $9.12 and its two-hundred day moving average price is $8.79. The company has a market capitalization of $234.29 million, a P/E ratio of 4.37 and a beta of 1.26.

Inspired Entertainment (NASDAQ:INSE) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). Inspired Entertainment had a net margin of 18.78% and a negative return on equity of 1,176.67%. The company had revenue of $86.20 million during the quarter, compared to analyst estimates of $83.47 million. On average, analysts anticipate that Inspired Entertainment, Inc. will post 0.3 earnings per share for the current fiscal year.

Insider Activity at Inspired Entertainment

In other news, CEO Brooks H. Pierce purchased 10,000 shares of Inspired Entertainment stock in a transaction that occurred on Thursday, November 20th. The stock was acquired at an average cost of $7.04 per share, for a total transaction of $70,400.00. Following the purchase, the chief executive officer directly owned 12,000 shares of the company’s stock, valued at $84,480. This trade represents a 500.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman A Lorne Weil acquired 50,000 shares of the stock in a transaction on Wednesday, November 26th. The shares were purchased at an average price of $8.11 per share, for a total transaction of $405,500.00. Following the transaction, the chairman directly owned 572,771 shares in the company, valued at approximately $4,645,172.81. This trade represents a 9.56% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 13.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in INSE. Kanen Wealth Management LLC increased 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 worth $18,929,000 after purchasing an additional 676,988 shares during the period. CSM Advisors LLC bought a new position in Inspired Entertainment during the 2nd quarter worth $5,476,000. Teton Advisors LLC acquired a new position in Inspired Entertainment in the 3rd quarter valued at $1,903,000. Marshall Wace LLP lifted its position in shares of 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 acquiring an additional 145,720 shares during the period. Finally, Samjo Management LLC grew its holdings in shares of Inspired Entertainment by 5.7% during the 2nd quarter. Samjo Management LLC now owns 2,077,510 shares of the company’s stock worth $16,973,000 after purchasing an additional 111,900 shares in the last quarter. Institutional investors and hedge funds 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.