Inspired Entertainment, Inc. (NASDAQ:INSE) Shares Bought by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL raised its holdings in Inspired Entertainment, Inc. (NASDAQ:INSE) by 14.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 286,900 shares of the company’s stock after purchasing an additional 36,500 shares during the period. Gamco Investors INC. ET AL owned about 1.08% of Inspired Entertainment worth $2,596,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in INSE. Wells Fargo & Company MN grew its stake in Inspired Entertainment by 51.0% in the 4th quarter. Wells Fargo & Company MN now owns 10,350 shares of the company’s stock valued at $94,000 after acquiring an additional 3,494 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Inspired Entertainment in the fourth quarter valued at about $97,000. Clarus Group Inc. increased its stake in shares of Inspired Entertainment by 12.0% during the fourth quarter. Clarus Group Inc. now owns 14,019 shares of the company’s stock worth $127,000 after purchasing an additional 1,500 shares in the last quarter. LPL Financial LLC acquired a new position in shares of Inspired Entertainment during the 4th quarter worth about $136,000. Finally, XTX Topco Ltd purchased a new position in Inspired Entertainment in the 4th quarter valued at about $138,000. 77.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

INSE has been the subject of several research reports. B. Riley assumed coverage on Inspired Entertainment in a research note on Tuesday, April 8th. They set a “buy” rating and a $13.00 price objective for the company. Truist Financial set a $19.00 price objective on Inspired Entertainment in a research note on Friday, March 14th. JMP Securities lowered their target price on shares of Inspired Entertainment from $14.00 to $13.00 and set a “market outperform” rating on the stock in a research note on Thursday. Finally, New Street Research set a $21.00 target price on shares of Inspired Entertainment in a report on Friday, March 14th.

Inspired Entertainment Stock Performance

NASDAQ INSE opened at $7.65 on Friday. The stock’s fifty day moving average is $9.10 and its two-hundred day moving average is $9.33. The firm has a market capitalization of $205.82 million, a P/E ratio of -764.24 and a beta of 1.27. Inspired Entertainment, Inc. has a fifty-two week low of $6.51 and a fifty-two week high of $11.61.

Inspired Entertainment (NASDAQ:INSE) last announced its quarterly earnings results on Monday, March 17th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.13). Inspired Entertainment had a negative net margin of 0.10% and a negative return on equity of 6.35%. The firm had revenue of $83.00 million for the quarter, compared to analyst estimates of $79.19 million. As a group, sell-side analysts forecast that Inspired Entertainment, Inc. will post 0.3 EPS for the current year.

About Inspired Entertainment

Inspired Entertainment, Inc, a gaming technology company, engages in the supply of content, platform, and other products and services to regulated lottery, betting, and gaming operators worldwide. It operates in 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.