Brown Advisory Inc. Has $4.02 Million Stock Holdings in Inspired Entertainment, Inc. (NASDAQ:INSE)

Brown Advisory Inc. increased its position in Inspired Entertainment, Inc. (NASDAQ:INSE - Free Report) by 173.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 470,798 shares of the company's stock after purchasing an additional 298,726 shares during the period. Brown Advisory Inc. owned 1.75% of Inspired Entertainment worth $4,021,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wells Fargo & Company MN boosted its holdings in Inspired Entertainment by 51.0% in the fourth quarter. Wells Fargo & Company MN now owns 10,350 shares of the company's stock worth $94,000 after purchasing an additional 3,494 shares during the period. Oxford Asset Management LLP acquired a new position in Inspired Entertainment in the fourth quarter valued at approximately $96,000. Aptus Capital Advisors LLC bought a new position in shares of Inspired Entertainment during the fourth quarter valued at approximately $127,000. LPL Financial LLC acquired a new stake in shares of Inspired Entertainment during the 4th quarter worth approximately $136,000. Finally, XTX Topco Ltd bought a new stake in shares of Inspired Entertainment in the 4th quarter worth approximately $138,000. 77.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on INSE shares. New Street Research set a $21.00 target price on Inspired Entertainment in a research report on Friday, March 14th. Piper Sandler cut their price objective on shares of Inspired Entertainment from $13.00 to $11.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. B. Riley began coverage on shares of Inspired Entertainment in a research report on Tuesday, April 8th. They issued a "buy" rating and a $13.00 target price for the company. Truist Financial decreased their price target on Inspired Entertainment from $13.00 to $11.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Finally, JMP Securities lowered their target price on shares of Inspired Entertainment from $13.00 to $12.00 and set a "market outperform" rating on the stock in a research note on Friday, May 9th. One analyst has rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $13.00.

Inspired Entertainment Trading Down 0.9%

Shares of INSE traded down $0.08 during midday trading on Friday, hitting $8.87. The stock had a trading volume of 189,077 shares, compared to its average volume of 125,100. Inspired Entertainment, Inc. has a fifty-two week low of $6.51 and a fifty-two week high of $11.61. The business has a 50-day simple moving average of $8.02 and a two-hundred day simple moving average of $8.65. The firm has a market cap of $238.69 million, a P/E ratio of 3.52 and a beta of 1.63.

About Inspired Entertainment

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.