Inspired Entertainment, Inc. (NASDAQ:INSE) Shares Sold by DG Capital Management LLC

DG Capital Management LLC reduced its stake in shares of Inspired Entertainment, Inc. (NASDAQ:INSE) by 2.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,266,958 shares of the company’s stock after selling 31,118 shares during the period. Inspired Entertainment makes up approximately 3.9% of DG Capital Management LLC’s holdings, making the stock its 7th biggest holding. DG Capital Management LLC owned 4.77% of Inspired Entertainment worth $11,466,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Wells Fargo & Company MN raised its holdings in shares of 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 purchasing an additional 3,494 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Inspired Entertainment during the fourth quarter worth $97,000. Clarus Group Inc. raised its position in shares of Inspired Entertainment by 12.0% in the fourth quarter. Clarus Group Inc. now owns 14,019 shares of the company’s stock valued at $127,000 after buying an additional 1,500 shares in the last quarter. LPL Financial LLC bought a new position in Inspired Entertainment during the 4th quarter worth $136,000. Finally, SkyView Investment Advisors LLC lifted its position in Inspired Entertainment by 4.4% during the third quarter. SkyView Investment Advisors LLC now owns 27,674 shares of the company’s stock worth $257,000 after purchasing an additional 1,174 shares during the period. 77.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on INSE shares. New Street Research set a $21.00 target price on Inspired Entertainment in a research report on Friday, March 14th. Truist Financial set a $19.00 target price on Inspired Entertainment in a report on Friday, March 14th. Finally, JMP Securities restated a “market outperform” rating and issued a $14.00 price target on shares of Inspired Entertainment in a report on Friday, March 14th.

Inspired Entertainment Stock Down 1.0 %

Shares of NASDAQ:INSE opened at $7.02 on Tuesday. The stock’s 50 day moving average is $9.61 and its 200-day moving average is $9.47. Inspired Entertainment, Inc. has a twelve month low of $6.70 and a twelve month high of $11.61. The firm has a market capitalization of $188.87 million, a price-to-earnings ratio of -701.30 and a beta of 1.27.

Inspired Entertainment (NASDAQ:INSE) last issued its quarterly earnings data on Monday, March 17th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.13). Inspired Entertainment had a negative return on equity of 6.35% and a negative net margin of 0.10%. The firm had revenue of $83.00 million during the quarter, compared to the consensus estimate of $79.19 million. Equities research analysts anticipate that Inspired Entertainment, Inc. will post 0.3 earnings per share for the current fiscal 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.