Inspired Entertainment (NASDAQ:INSE) Chairman A Lorne Weil Acquires 21,659 Shares

Key Points

• A. Lorne Weil, Inspired's chairman, bought 21,659 shares on March 26 at an average price of $6.85 (~$148,364) and also acquired 20,000 shares on March 27 and 8,341 on March 25, bringing his stake to 602,771 shares (a 3.73% increase).
• Inspired reported a quarterly EPS loss of ($0.18) that missed estimates despite $77.2M in revenue, trades near its 1-year low (~$6.10) with a market cap of ~$180.8M, and has mixed analyst coverage (consensus "Moderate Buy", average target $12.83) alongside high institutional ownership (~77%).

Inspired Entertainment, Inc. (NASDAQ:INSE - Get Free Report) Chairman A Lorne Weil acquired 21,659 shares of the stock in a transaction dated Thursday, March 26th. The shares were bought at an average price of $6.85 per share, for a total transaction of $148,364.15. Following the transaction, the chairman owned 602,771 shares in the company, valued at approximately $4,128,981.35. This represents a 3.73% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Friday, March 27th, A Lorne Weil acquired 20,000 shares of Inspired Entertainment stock. The stock was purchased at an average price of $6.80 per share, with a total value of $136,000.00.
• On Wednesday, March 25th, A Lorne Weil acquired 8,341 shares of Inspired Entertainment stock. The shares were purchased at an average price of $6.66 per share, for a total transaction of $55,551.06.

Inspired Entertainment Price Performance

NASDAQ:INSE opened at $6.68 on Friday. The company has a market capitalization of $180.76 million, a price-to-earnings ratio of -11.32 and a beta of 1.23. The business has a 50 day moving average of $8.07 and a 200 day moving average of $8.49. Inspired Entertainment, Inc. has a 1-year low of $6.10 and a 1-year high of $9.95.

Inspired Entertainment (NASDAQ:INSE - Get Free Report) last issued its quarterly 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 business had revenue of $77.20 million for the quarter, compared to the consensus estimate of $76.08 million. Inspired Entertainment had a negative net margin of 5.59% and a negative return on equity of 1,176.67%. As a group, sell-side analysts anticipate that Inspired Entertainment, Inc. will post 0.3 EPS for the current year.

Institutional Trading of Inspired Entertainment

Several large investors have recently modified their holdings of INSE. LSV Asset Management purchased a new position in Inspired Entertainment during the 4th quarter valued at about $93,000. BNP Paribas Financial Markets lifted its holdings in Inspired Entertainment by 428.0% in 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 period. Jane Street Group LLC bought a new stake in shares of Inspired Entertainment in the 1st quarter worth approximately $123,000. R Squared Ltd purchased a new position in shares of Inspired Entertainment during the third quarter valued at approximately $143,000. Finally, Price T Rowe Associates Inc. MD raised its holdings 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 valued at $151,000 after acquiring an additional 3,571 shares in the last quarter. 77.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Inspired Entertainment Company Profile

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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