Krilogy Financial LLC Invests $245,000 in Inspired Entertainment, Inc. $INSE

Key Points

• Krilogy Financial LLC purchased 30,010 shares of Inspired Entertainment, Inc. for approximately $245,000, holding about 0.11% of the company at the end of the last reporting period.
• Analysts have varied ratings for Inspired Entertainment, with a consensus of "Buy" and an average price target of $14.00, despite the stock experiencing a recent drop of 1.3% to $9.22.
• Inspired Entertainment's quarterly earnings report showed a loss of ($0.19) EPS, missing estimates, though revenue of $80.30 million exceeded analysts' expectations of $75.23 million.

Krilogy Financial LLC bought a new stake in shares of Inspired Entertainment, Inc. (NASDAQ:INSE - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 30,010 shares of the company's stock, valued at approximately $245,000. Krilogy Financial LLC owned about 0.11% of Inspired Entertainment at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Kanen Wealth Management LLC boosted its holdings in shares of Inspired Entertainment by 50.9% in the 1st 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 in the last quarter. Brown Advisory Inc. boosted its holdings in shares of Inspired Entertainment by 173.6% in the first quarter. Brown Advisory Inc. now owns 470,798 shares of the company's stock valued at $4,021,000 after acquiring an additional 298,726 shares during the period. Gamco Investors INC. ET AL lifted its holdings in Inspired Entertainment by 1.0% in the first quarter. Gamco Investors INC. ET AL now owns 289,900 shares of the company's stock valued at $2,476,000 after acquiring an additional 3,000 shares during the period. Northern Trust Corp increased its position in Inspired Entertainment by 4.7% during the 4th quarter. Northern Trust Corp now owns 202,014 shares of the company's stock worth $1,828,000 after purchasing an additional 9,079 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Inspired Entertainment by 8.8% during the 1st quarter. Russell Investments Group Ltd. now owns 158,928 shares of the company's stock worth $1,357,000 after acquiring an additional 12,843 shares in the last quarter. 77.38% of the stock is currently owned by institutional investors.

Inspired Entertainment Stock Up 2.0%

Shares of NASDAQ INSE traded up $0.19 during midday trading on Friday, reaching $9.57. The company had a trading volume of 246,753 shares, compared to its average volume of 98,689. The stock has a market cap of $257.62 million, a PE ratio of 4.39 and a beta of 1.64. The firm's fifty day moving average price is $9.03 and its 200-day moving average price is $8.37. Inspired Entertainment, Inc. has a one year low of $6.51 and a one year high of $11.61.

Inspired Entertainment (NASDAQ:INSE - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.17). Inspired Entertainment had a net margin of 21.05% and a negative return on equity of 281.67%. The company had revenue of $80.30 million for the quarter, compared to the consensus estimate of $75.23 million. As a group, equities research analysts expect that Inspired Entertainment, Inc. will post 0.3 EPS for the current year.

Wall Street Analysts Forecast Growth

INSE has been the topic of several research reports. BWS Financial reaffirmed a "buy" rating and issued a $20.00 target price on shares of Inspired Entertainment in a research report on Monday, August 11th. Wall Street Zen downgraded Inspired Entertainment from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Macquarie reissued a "neutral" rating and set a $10.00 price objective on shares of Inspired Entertainment in a report on Thursday, August 7th. Finally, Zacks Research raised shares of Inspired Entertainment from a "strong sell" rating to a "hold" rating in a report on Friday, September 5th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $14.00.

Inspired Entertainment Profile

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.