Inspired Entertainment, Inc. (NASDAQ:INSE - Get Free Report) CEO Brooks Pierce purchased 5,000 shares of the stock in a transaction on Friday, March 27th. The shares were purchased at an average price of $6.76 per share, with a total value of $33,800.00. Following the acquisition, the chief executive officer directly owned 57,407 shares in the company, valued at $388,071.32. This represents a 9.54% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Inspired Entertainment Trading Down 2.8%
Shares of NASDAQ:INSE opened at $6.68 on Friday. Inspired Entertainment, Inc. has a 52 week low of $6.10 and a 52 week high of $9.95. The company's 50 day moving average is $8.07 and its two-hundred day moving average is $8.49. The company has a market cap of $180.76 million, a PE ratio of -11.32 and a beta of 1.23.
Inspired Entertainment (NASDAQ:INSE - Get Free Report) last released its quarterly earnings data on Tuesday, March 10th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.43). The firm had revenue of $77.20 million for the quarter, compared to analysts' expectations of $76.08 million. Inspired Entertainment had a negative return on equity of 1,176.67% and a negative net margin of 5.59%. 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 subject of a number of recent analyst reports. Zacks Research downgraded Inspired Entertainment from a "hold" rating to a "strong sell" rating in a report on Thursday, March 12th. BWS Financial reiterated a "buy" rating and issued a $20.00 price objective on shares of Inspired Entertainment in a report on Wednesday, March 11th. Finally, Weiss Ratings cut 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 Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Inspired Entertainment has an average rating of "Moderate Buy" and an average price target of $12.83.
Read Our Latest Analysis on INSE
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. LSV Asset Management purchased a new position in Inspired Entertainment during the 4th quarter worth approximately $93,000. BNP Paribas Financial Markets lifted its stake 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 during the last quarter. Jane Street Group LLC acquired a new stake in shares of Inspired Entertainment in the first quarter valued at approximately $123,000. R Squared Ltd acquired a new stake in shares of Inspired Entertainment in the third quarter valued at approximately $143,000. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Inspired Entertainment by 28.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,085 shares of the company's stock worth $151,000 after acquiring an additional 3,571 shares during the last quarter. Hedge funds and other institutional investors own 77.38% of the company's stock.
Inspired Entertainment Company Profile
(
Get Free Report)
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.
See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Inspired Entertainment, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Inspired Entertainment wasn't on the list.
While Inspired Entertainment currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link to see MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.