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Inspired Entertainment, Inc. (NASDAQ:INSE) is Kanen Wealth Management LLC's 6th Largest Position

Inspired Entertainment logo with Business Services background

Kanen Wealth Management LLC boosted its holdings in Inspired Entertainment, Inc. (NASDAQ:INSE - Free Report) by 50.9% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,006,017 shares of the company's stock after acquiring an additional 676,988 shares during the quarter. Inspired Entertainment accounts for about 7.6% of Kanen Wealth Management LLC's investment portfolio, making the stock its 6th largest position. Kanen Wealth Management LLC owned 7.46% of Inspired Entertainment worth $18,929,000 as of its most recent SEC filing.

Inspired Entertainment Stock Performance

INSE traded down $0.34 on Friday, hitting $7.40. 144,808 shares of the company were exchanged, compared to its average volume of 117,551. The firm has a fifty day simple moving average of $7.74 and a two-hundred day simple moving average of $8.81. Inspired Entertainment, Inc. has a 12 month low of $6.51 and a 12 month high of $11.61. The stock has a market capitalization of $199.10 million, a PE ratio of -739.26 and a beta of 1.65.

Inspired Entertainment (NASDAQ:INSE - Get Free Report) last released its quarterly earnings data on Monday, March 17th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.13). Inspired Entertainment had a negative return on equity of 6.35% and a negative net margin of 0.10%. The business had revenue of $83.00 million during the quarter, compared to analysts' expectations of $79.19 million. On average, equities analysts expect that Inspired Entertainment, Inc. will post 0.3 earnings per share for the current year.

Analyst Ratings Changes

INSE has been the subject of a number of research reports. Truist Financial cut their price objective on Inspired Entertainment from $13.00 to $11.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. JMP Securities cut their price objective on Inspired Entertainment from $13.00 to $12.00 and set a "market outperform" rating for the company in a report on Friday, May 9th. New Street Research set a $21.00 price objective on Inspired Entertainment in a report on Friday, March 14th. B. Riley assumed coverage on Inspired Entertainment in a research report on Tuesday, April 8th. They set a "buy" rating and a $13.00 price target on the stock. Finally, Piper Sandler reduced their price target on Inspired Entertainment from $13.00 to $11.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Inspired Entertainment currently has an average rating of "Buy" and a consensus price target of $13.00.

Check Out Our Latest Report on Inspired Entertainment

Inspired Entertainment Profile

(Free Report)

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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Institutional Ownership by Quarter for Inspired Entertainment (NASDAQ:INSE)

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