Key Points
- Chairman A. Lorne Weil purchased 50,000 shares on November 26 at an average price of $8.11 (total ~$405,500), raising his holdings to 572,771 shares — a 9.56% increase.
- Inspired reported quarterly EPS of $0.30 on $77.6M revenue and a net margin of 18.78%; the stock trades around $8.36 with a market cap of $225.1M and a P/E of 4.20.
- Institutional investors own about 77.4% of the stock, and analysts have a consensus rating of "Moderate Buy" with an average target price of $14.00.
Inspired Entertainment, Inc. (NASDAQ:INSE - Get Free Report) Chairman A Lorne Weil acquired 50,000 shares of Inspired Entertainment stock in a transaction on Wednesday, November 26th. The shares were bought at an average cost of $8.11 per share, with a total value of $405,500.00. Following the completion of the purchase, the chairman owned 572,771 shares in the company, valued at $4,645,172.81. The trade was a 9.56% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.
Inspired Entertainment Trading Up 1.7%
Shares of INSE stock opened at $8.36 on Tuesday. The company has a market capitalization of $225.13 million, a P/E ratio of 4.20 and a beta of 1.28. The business's 50 day moving average is $8.23 and its two-hundred day moving average is $8.47. Inspired Entertainment, Inc. has a twelve month low of $6.51 and a twelve month high of $11.61.
Inspired Entertainment (NASDAQ:INSE - Get Free Report) last issued its quarterly earnings results on Tuesday, November 29th. The company reported $0.30 earnings per share for the quarter. Inspired Entertainment had a negative return on equity of 1,176.67% and a net margin of 18.78%.The firm had revenue of $77.60 million during the quarter. As a group, equities analysts predict that Inspired Entertainment, Inc. will post 0.3 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Nuveen LLC purchased a new stake in shares of Inspired Entertainment during the 1st quarter worth approximately $643,000. Krilogy Financial LLC acquired a new position in Inspired Entertainment during the second quarter worth $245,000. Kanen Wealth Management LLC boosted its position in Inspired Entertainment by 19.1% during the second quarter. Kanen Wealth Management LLC now owns 2,389,007 shares of the company's stock worth $19,518,000 after purchasing an additional 382,990 shares in the last quarter. XTX Topco Ltd boosted its position in Inspired Entertainment by 26.8% during the first quarter. XTX Topco Ltd now owns 19,272 shares of the company's stock worth $165,000 after purchasing an additional 4,072 shares in the last quarter. Finally, Los Angeles Capital Management LLC grew its holdings in Inspired Entertainment by 170.7% in the second quarter. Los Angeles Capital Management LLC now owns 62,183 shares of the company's stock valued at $508,000 after purchasing an additional 39,215 shares during the last quarter. 77.38% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on the stock. BWS Financial reaffirmed a "buy" rating and issued a $20.00 target price on shares of Inspired Entertainment in a report on Monday, November 17th. Macquarie reaffirmed a "neutral" rating and issued a $10.00 price objective on shares of Inspired Entertainment in a report on Thursday, August 7th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Inspired Entertainment in a research report on Tuesday, November 25th. Finally, Zacks Research raised Inspired Entertainment from a "strong sell" rating to a "hold" rating in a report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $14.00.
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About Inspired Entertainment
(
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Inspired Entertainment, Inc, a gaming technology company, engages in the supply of content, platform, and other products and services to regulated lottery, betting, and gaming operators worldwide. It operates in four segments: Gaming, Virtual Sports, Interactive, and Leisure. The Gaming segment supplies gaming terminals and software to betting offices, casinos, gaming halls, and high street adult gaming centers; a portfolio of games through its digital terminals under the Centurion and Super Hot Fruits names; and traditional casino games, such as roulette, blackjack, and number games.
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