Inspired Entertainment’s (INSE) Buy Rating Reiterated at BWS Financial

BWS Financial restated their buy rating on shares of Inspired Entertainment (NASDAQ:INSE) in a report issued on Monday morning,Benzinga reports. They currently have a $20.00 price objective on the stock.

INSE has been the subject of several other reports. Zacks Research upgraded shares of Inspired Entertainment from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 7th. 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. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $15.00.

Inspired Entertainment Stock Performance

NASDAQ:INSE opened at $7.35 on Monday. Inspired Entertainment has a 12 month low of $6.10 and a 12 month high of $9.95. The firm has a fifty day simple moving average of $7.12 and a 200-day simple moving average of $8.08. The company has a market capitalization of $196.02 million, a P/E ratio of -12.05 and a beta of 1.19.

Inspired Entertainment (NASDAQ:INSE) last posted 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 net margin of 5.78% and a negative return on equity of 1,176.67%. The business had revenue of $57.20 million during the quarter, compared to the consensus estimate of $58.89 million. Equities analysts forecast that Inspired Entertainment will post 0.28 EPS for the current year.

Insider Activity at Inspired Entertainment

In other Inspired Entertainment news, Chairman A Lorne Weil bought 21,659 shares of the firm’s stock in a transaction that occurred on Thursday, March 26th. The stock was bought at an average cost of $6.85 per share, for a total transaction of $148,364.15. Following the completion of the transaction, the chairman directly owned 602,771 shares of the company’s stock, valued at approximately $4,128,981.35. This trade represents a 3.73% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael R. Chambrello bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 26th. The shares were acquired at an average price of $6.92 per share, with a total value of $69,200.00. Following the completion of the transaction, 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 SEC filing for this purchase provides additional information. Insiders acquired 80,000 shares of company stock worth $545,748 over the last three months. Company insiders own 13.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. LSV Asset Management purchased a new position in Inspired Entertainment in the fourth quarter valued at $93,000. BNP Paribas Financial Markets increased its holdings in Inspired Entertainment by 428.0% in the second quarter. BNP Paribas Financial Markets now owns 13,437 shares of the company’s stock valued at $110,000 after buying an additional 10,892 shares in the last quarter. Jane Street Group LLC purchased a new position in Inspired Entertainment in the first quarter valued at $123,000. R Squared Ltd purchased a new position in Inspired Entertainment in the third quarter valued at $143,000. Finally, Clarus Group Inc. increased its holdings in Inspired Entertainment by 16.2% in the first quarter. Clarus Group Inc. now owns 15,591 shares of the company’s stock valued at $111,000 after buying an additional 2,170 shares in the last quarter. Hedge funds and other institutional investors 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.