Jupiter Topco LLC bought a new position in shares of Inspired Entertainment, Inc. (NASDAQ:INSE – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,338,988 shares of the company’s stock, valued at approximately $11,047,000. Jupiter Topco LLC owned approximately 5.08% of Inspired Entertainment as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of INSE. Ancora Advisors LLC bought a new position in shares of Inspired Entertainment in the second quarter valued at approximately $1,330,000. JB Capital Partners LP bought a new stake in Inspired Entertainment during the second quarter worth $536,250. Focused Alpha LLC bought a new stake in Inspired Entertainment during the second quarter worth $112,000. BlackRock Inc. purchased a new position in Inspired Entertainment in the second quarter worth $19,175,000. Finally, Deutsche Bank AG purchased a new position in Inspired Entertainment in the second quarter worth $208,000. Institutional investors own 77.38% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on INSE shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Inspired Entertainment in a research report on Monday, June 8th. BWS Financial reissued a “buy” rating and issued a $20.00 price target on shares of Inspired Entertainment in a report on Monday, May 11th. Finally, Zacks Research lowered shares of Inspired Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $20.00.
Inspired Entertainment Trading Up 1.0%
NASDAQ:INSE opened at $5.93 on Friday. Inspired Entertainment, Inc. has a 12 month low of $5.79 and a 12 month high of $9.95. The firm’s 50 day moving average is $6.86 and its 200 day moving average is $7.27. The stock has a market capitalization of $156.31 million, a PE ratio of -17.97 and a beta of 1.22.
Inspired Entertainment (NASDAQ:INSE – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.02. The business had revenue of $60.80 million during the quarter, compared to analyst estimates of $64.04 million. Inspired Entertainment had a negative return on equity of 30.08% and a negative net margin of 3.34%. Research analysts predict that Inspired Entertainment, Inc. will post 0.2 earnings per share for the current year.
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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