Cubist Systematic Strategies LLC Makes New $195,000 Investment in Inspired Entertainment, Inc. (NASDAQ:INSE)

Cubist Systematic Strategies LLC acquired a new position in shares of Inspired Entertainment, Inc. (NASDAQ:INSE) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 21,540 shares of the company’s stock, valued at approximately $195,000. Cubist Systematic Strategies LLC owned 0.08% of Inspired Entertainment as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of INSE. Primoris Wealth Advisors LLC bought a new stake in shares of Inspired Entertainment during the fourth quarter worth $986,000. Renaissance Technologies LLC lifted its position in shares of Inspired Entertainment by 193.2% during the fourth quarter. Renaissance Technologies LLC now owns 95,000 shares of the company’s stock worth $860,000 after purchasing an additional 62,600 shares during the last quarter. Foundry Partners LLC lifted its position in shares of Inspired Entertainment by 10.3% during the fourth quarter. Foundry Partners LLC now owns 583,775 shares of the company’s stock worth $5,283,000 after purchasing an additional 54,395 shares during the last quarter. Ancora Advisors LLC lifted its position in shares of Inspired Entertainment by 98.2% during the fourth quarter. Ancora Advisors LLC now owns 89,660 shares of the company’s stock worth $811,000 after purchasing an additional 44,430 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Inspired Entertainment by 38.5% during the fourth quarter. Russell Investments Group Ltd. now owns 146,085 shares of the company’s stock worth $1,322,000 after purchasing an additional 40,612 shares during the last quarter. 77.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on INSE. JMP Securities decreased their target price on Inspired Entertainment from $13.00 to $12.00 and set a “market outperform” rating for the company in a research report on Friday, May 9th. New Street Research set a $21.00 price objective on Inspired Entertainment in a report on Friday, March 14th. Piper Sandler decreased their price objective on Inspired Entertainment from $13.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. B. Riley initiated coverage on Inspired Entertainment in a report on Tuesday, April 8th. They issued a “buy” rating and a $13.00 price objective for the company. Finally, Truist Financial decreased their price objective on Inspired Entertainment from $13.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. One research analyst has rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $13.00.

Inspired Entertainment Stock Performance

Shares of Inspired Entertainment stock opened at $8.28 on Monday. The company has a market capitalization of $222.77 million, a PE ratio of -827.17 and a beta of 1.66. The company has a 50-day simple moving average of $7.94 and a two-hundred day simple moving average of $9.09. Inspired Entertainment, Inc. has a one year low of $6.51 and a one year high of $11.61.

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

Inspired Entertainment Company Profile

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.