Primoris Wealth Advisors LLC Invests $986,000 in Inspired Entertainment, Inc. (NASDAQ:INSE)

Primoris Wealth Advisors LLC bought a new stake in Inspired Entertainment, Inc. (NASDAQ:INSE - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 109,000 shares of the company's stock, valued at approximately $986,000. Primoris Wealth Advisors LLC owned 0.41% of Inspired Entertainment at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. SkyView Investment Advisors LLC boosted its stake in shares of Inspired Entertainment by 4.4% in the 3rd quarter. SkyView Investment Advisors LLC now owns 27,674 shares of the company's stock worth $257,000 after buying an additional 1,174 shares during the last quarter. Clarus Group Inc. grew its position in Inspired Entertainment by 12.0% during 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 during the period. State Street Corp increased its holdings in Inspired Entertainment by 0.7% during the third quarter. State Street Corp now owns 405,625 shares of the company's stock worth $3,760,000 after buying an additional 2,675 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Inspired Entertainment by 51.0% during 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. Finally, Geode Capital Management LLC raised its stake in Inspired Entertainment by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 521,451 shares of the company's stock valued at $4,835,000 after acquiring an additional 4,233 shares during the period. Institutional investors own 77.38% of the company's stock.

Inspired Entertainment Stock Up 4.4 %

Shares of NASDAQ:INSE traded up $0.32 during trading on Friday, hitting $7.65. The stock had a trading volume of 99,540 shares, compared to its average volume of 118,151. Inspired Entertainment, Inc. has a 12 month low of $6.51 and a 12 month high of $11.61. The company has a market capitalization of $205.82 million, a PE ratio of -764.24 and a beta of 1.27. The firm's fifty day moving average is $9.04 and its 200 day moving average is $9.32.

Inspired Entertainment (NASDAQ:INSE - Get Free Report) last posted its quarterly earnings data on Monday, March 17th. The company reported $0.16 EPS for the quarter, missing the consensus estimate 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 business had revenue of $83.00 million for the quarter, compared to the consensus estimate of $79.19 million. Equities research analysts expect that Inspired Entertainment, Inc. will post 0.3 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.