Brooks Pierce Acquires 13,332 Shares of Inspired Entertainment (NASDAQ:INSE) Stock

Key Points

• Brooks Pierce, the CEO, purchased 13,332 shares of INSE at an average price of $6.88 on March 26, increasing his stake to 52,407 shares (a 34.12% rise) for about $91,724.
• Inspired reported Q earnings of ($0.18) vs. $0.25 expected, with $77.2M revenue and negative net margin and ROE; the stock trades near its 52-week low (around $6.10) and the company has a market cap of about $180.8M.
• Analyst views are mixed but the consensus is a Moderate Buy with a $12.83 target, and institutional ownership is high (77.38%) with several funds recently adding sizable positions.

Inspired Entertainment, Inc. (NASDAQ:INSE - Get Free Report) CEO Brooks Pierce purchased 13,332 shares of the firm's stock in a transaction on Thursday, March 26th. The stock was acquired at an average price of $6.88 per share, with a total value of $91,724.16. Following the completion of the purchase, the chief executive officer owned 52,407 shares of the company's stock, valued at $360,560.16. The trade was a 34.12% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Inspired Entertainment Stock Performance

Shares of INSE stock opened at $6.68 on Friday. Inspired Entertainment, Inc. has a fifty-two week low of $6.10 and a fifty-two week high of $9.95. The firm has a market capitalization of $180.76 million, a price-to-earnings ratio of -11.32 and a beta of 1.23. The stock's 50-day simple moving average is $8.07 and its 200-day simple moving average is $8.49.

Inspired Entertainment (NASDAQ:INSE - Get Free Report) last announced its quarterly earnings data on Tuesday, March 10th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.25 by ($0.43). The company had revenue of $77.20 million during the quarter, compared to analysts' expectations of $76.08 million. Inspired Entertainment had a negative net margin of 5.59% and a negative return on equity of 1,176.67%. As a group, equities analysts forecast that Inspired Entertainment, Inc. will post 0.3 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on INSE shares. Zacks Research cut shares of Inspired Entertainment from a "hold" rating to a "strong sell" rating in a report on Thursday, March 12th. BWS Financial reissued a "buy" rating and set a $20.00 price objective on shares of Inspired Entertainment in a report on Wednesday, March 11th. Finally, Weiss Ratings downgraded Inspired Entertainment from a "hold (c-)" rating to a "sell (d)" rating in a research report on Wednesday, March 11th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $12.83.

Institutional Investors Weigh In On Inspired Entertainment

A number of large investors have recently bought and sold shares of INSE. Kanen Wealth Management LLC boosted its position in Inspired Entertainment by 50.9% in the first quarter. Kanen Wealth Management LLC now owns 2,006,017 shares of the company's stock valued at $18,929,000 after buying an additional 676,988 shares during the last quarter. Potomac Capital Management Inc. purchased a new position in Inspired Entertainment during the 4th quarter worth approximately $6,089,000. Teton Advisors LLC purchased a new position in Inspired Entertainment during the 3rd quarter worth approximately $1,903,000. Marshall Wace LLP lifted its stake in 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 lifted its stake in Inspired Entertainment by 5.7% during the 2nd quarter. Samjo Management LLC now owns 2,077,510 shares of the company's stock valued at $16,973,000 after acquiring an additional 111,900 shares during the period. 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.

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