Stocks of Inspired Entertainment Inc. (NASDAQ:INSE) traded higher last session on Wall Street, up 4.86% to $14.47.
According to the data, Inspired Entertainment Inc. (NASDAQ:INSE) has 6 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $27.00 and a low of $18.00, we find $19.00. Given the previous closing price of $13.80, this indicates a potential upside of 37.68 percent. INSE stock price is now 15.95% away from the 50-day moving average and 35.18% away from the 200-day moving average. The market capitalization of the company currently stands at $370.29M.
A total of 0 analysts have issued a hold rating and 6 have given it a buy rating. Brokers who have rated the stock have averaged $20.17 as their price target over the next twelve months.
With the price target of $18, JMP Securities recently initiated with Mkt Outperform rating for Inspired Entertainment Inc. (NASDAQ: INSE)., while ‘Truist’ rates the stock as ‘Buy’.
In other news, Chambrello Michael R., Director bought 10,070 shares of the company’s stock on May 24. The stock was bought for $99,995 at an average price of $9.93. Upon completion of the transaction, the Director now directly owns 10,070 shares in the company, valued at $0.15 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 24, Director Chambrello Michael R. bought 10,000 shares of the business’s stock. A total of $99,100 was incurred on buying the stock at an average price of $9.91. This leaves the insider owning 18,226 shares of the company worth $0.26 million. Insiders disposed of 433,325 shares of company stock worth roughly $6.27 million over the past 1 year. A total of 7.15% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in INSE stock. A new stake in Inspired Entertainment Inc. shares was purchased by KANEN WEALTH MANAGEMENT LLC during the first quarter worth $22,407,000. ARROWSTREET CAPITAL, LIMITED PARTNERSHIP invested $2,460,000 in shares of INSE during the first quarter. In the first quarter, ANCORA ADVISORS, LLC acquired a new stake in Inspired Entertainment Inc. valued at approximately $1,935,000. BROWN ADVISORY INC acquired a new stake in INSE for approximately $1,409,000. AQR CAPITAL MANAGEMENT LLC purchased a new stake in INSE valued at around $1,383,000 in the second quarter. In total, there are 127 active investors with 84.20% ownership of the company’s stock.
Monday’s opening bell rang with an opening price of $13.86 for Inspired Entertainment Inc. (NASDAQ: INSE). During the past 12 months, Inspired Entertainment Inc. has had a low of $7.49 and a high of $15.72. The fifty day moving average price for INSE is $12.48 and a two-hundred day moving average price translates $10.70 for the stock.
The latest earnings results from Inspired Entertainment Inc. (NASDAQ: INSE) was released for Jun, 2022. According to the Electronic Gaming & Multimedia Company, earnings per share came in at $0.26, beating analysts’ expectations of $0.15 by 0.11. This compares to $0.97 EPS in the same period last year. The net profit margin was 6.60% and return on equity was -28.10% for INSE. The company reported revenue of $74.9 million for the quarter, compared to $77.6 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.48 percent. For the current quarter, analysts expect INSE to generate $72.09M in revenue.
Inspired Entertainment Inc.(INSE) Company Profile
Inspired Entertainment, Inc., a business-to-business gaming technology company, supplies content, platform, and other products and services to regulated lottery, betting, and gaming operators worldwide. The company operates through 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. The Virtual Sports segment designs, develops, markets, and distributes ultra-high-definition sports games that include greyhounds, tennis, motor racing, cycling, cricket, speedway, golf, and dart, and other horse racing games under the V-Play Soccer, V-Play Football, V-Play Basketball, Virtual Grand National, and V-Play NFLA names. The Interactive segment provides a range of premium random number generated casino content from feature-rich bonus games to European-style casino free spins and table games. The Leisure segment supplies gaming terminals and amusement machines in pubs, bingo halls, and adult gaming centers, as well as family entertainment centers, bowling centers, and other entertainment venues. Inspired Entertainment, Inc. is headquartered in New York, New York.