Jupiter Topco LLC Invests $11.05 Million in Inspired Entertainment, Inc. $INSE

Jupiter Topco LLC purchased a new stake in Inspired Entertainment, Inc. (NASDAQ:INSE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,338,988 shares of the company’s stock, valued at approximately $11,047,000. Jupiter Topco LLC owned 0.05% of Inspired Entertainment as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Kanen Wealth Management LLC boosted its holdings in Inspired Entertainment by 12.3% in the 3rd quarter. Kanen Wealth Management LLC now owns 2,683,969 shares of the company’s stock worth $25,085,000 after buying an additional 294,962 shares during the period. BlackRock Inc. bought a new stake in Inspired Entertainment during the 2nd quarter valued at $19,175,000. Janus Henderson Group PLC raised its holdings in Inspired Entertainment by 2.0% during the 1st quarter. Janus Henderson Group PLC now owns 1,296,095 shares of the company’s stock valued at $9,241,000 after acquiring an additional 25,820 shares during the period. Brown Advisory Inc. lifted its position in shares of Inspired Entertainment by 8.4% during the fourth quarter. Brown Advisory Inc. now owns 900,633 shares of the company’s stock worth $8,430,000 after acquiring an additional 70,000 shares in the last quarter. Finally, CSM Advisors LLC lifted its position in shares of Inspired Entertainment by 8.8% during the fourth quarter. CSM Advisors LLC now owns 707,428 shares of the company’s stock worth $6,621,000 after acquiring an additional 57,485 shares in the last quarter. 77.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on INSE. Zacks Research cut Inspired Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Weiss Ratings reissued a “sell (d)” rating on shares of Inspired Entertainment in a report on Monday, June 8th. Finally, BWS Financial restated a “buy” rating and issued a $20.00 target price on shares of Inspired Entertainment in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Inspired Entertainment has a consensus rating of “Hold” and a consensus price target of $20.00.

Inspired Entertainment Stock Performance

NASDAQ:INSE opened at $5.93 on Friday. Inspired Entertainment, Inc. has a 52-week low of $5.79 and a 52-week high of $9.95. The stock has a fifty day moving average of $6.86 and a 200 day moving average of $7.27. The firm has a market capitalization of $156.31 million, a price-to-earnings ratio of -17.97 and a beta of 1.22.

Inspired Entertainment (NASDAQ:INSE) last announced its earnings results on Wednesday, August 5th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. The business had revenue of $60.80 million for 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%. Equities analysts forecast that Inspired Entertainment, Inc. will post 0.2 earnings per share for the current fiscal year.

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.