Inspired Entertainment (NASDAQ:INSE) Chairman A Lorne Weil Acquires 20,000 Shares

Key Points

• A Lorne Weil, Inspired Entertainment's chairman, bought 20,000 shares on March 27 at an average price of $6.80 (a $136,000 transaction), increasing his direct stake to 622,771 shares — a 3.32% rise in ownership.
• Weil accumulated a total of 50,000 shares over March 25–27 (also purchasing 21,659 on March 26 and 8,341 on March 25), spending roughly $340K across the three trades.
• INSE trades around $6.68 (down 2.8%), has a $180.8M market cap and reported a Q1 loss of $0.18 EPS (missing the $0.25 estimate) with negative margins, while analysts rate the stock a "Moderate Buy" with an average target of $12.83.

Inspired Entertainment, Inc. (NASDAQ:INSE - Get Free Report) Chairman A Lorne Weil purchased 20,000 shares of the firm's stock in a transaction on Friday, March 27th. The shares were purchased at an average price of $6.80 per share, for a total transaction of $136,000.00. Following the completion of the purchase, the chairman directly owned 622,771 shares of the company's stock, valued at $4,234,842.80. This represents a 3.32% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.

A Lorne Weil also recently made the following trade(s):

• On Thursday, March 26th, A Lorne Weil purchased 21,659 shares of Inspired Entertainment stock. The shares were purchased at an average price of $6.85 per share, with a total value of $148,364.15.
• On Wednesday, March 25th, A Lorne Weil acquired 8,341 shares of Inspired Entertainment stock. The stock was purchased at an average cost of $6.66 per share, with a total value of $55,551.06.

Inspired Entertainment Trading Down 2.8%

INSE stock opened at $6.68 on Friday. The business's fifty day moving average price is $8.07 and its 200 day moving average price is $8.49. Inspired Entertainment, Inc. has a 12-month low of $6.10 and a 12-month high of $9.95. The company has a market capitalization of $180.76 million, a PE ratio of -11.32 and a beta of 1.23.

Inspired Entertainment (NASDAQ:INSE - Get Free Report) last announced its earnings results on Tuesday, March 10th. The company reported ($0.18) EPS for the quarter, missing analysts' consensus estimates 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 net margin of 5.59% and a negative return on equity of 1,176.67%. Research analysts predict that Inspired Entertainment, Inc. will post 0.3 EPS for the current fiscal year.

Hedge Funds Weigh In On Inspired Entertainment

A number of institutional investors and hedge funds have recently modified their holdings of the company. LSV Asset Management purchased a new position in Inspired Entertainment in the fourth quarter valued at $93,000. BNP Paribas Financial Markets lifted its holdings in Inspired Entertainment by 428.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 13,437 shares of the company's stock worth $110,000 after buying an additional 10,892 shares during the last quarter. Jane Street Group LLC purchased a new stake in Inspired Entertainment during the 1st quarter worth about $123,000. R Squared Ltd acquired a new position in shares of Inspired Entertainment during the 3rd quarter worth about $143,000. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Inspired Entertainment by 28.5% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 77.38% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on INSE shares. BWS Financial reissued a "buy" rating and issued a $20.00 price objective on shares of Inspired Entertainment in a research note on Wednesday, March 11th. Zacks Research lowered shares of Inspired Entertainment from a "hold" rating to a "strong sell" rating in a report on Thursday, March 12th. Finally, Weiss Ratings cut shares of Inspired Entertainment from a "hold (c-)" rating to a "sell (d)" rating in a research report on Wednesday, March 11th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $12.83.

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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