Inspired Entertainment Inc (NASDAQ:INSE) major shareholder Vitruvian Partners Llp sold 500,000 shares of the stock in a transaction that occurred on Friday, February 8th. The stock was sold at an average price of $6.70, for a total transaction of $3,350,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
INSE opened at $6.87 on Thursday. Inspired Entertainment Inc has a 1-year low of $3.86 and a 1-year high of $8.15. The company has a market capitalization of $148.74 million, a price-to-earnings ratio of -11.08 and a beta of 1.13.
Inspired Entertainment (NASDAQ:INSE) last posted its quarterly earnings results on Monday, February 11th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.10). The company had revenue of $30.73 million for the quarter, compared to analysts’ expectations of $33.46 million. Equities analysts predict that Inspired Entertainment Inc will post -0.69 EPS for the current fiscal year.
Several equities analysts have recently commented on INSE shares. ValuEngine lowered Inspired Entertainment from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Zacks Investment Research lowered Inspired Entertainment from a “buy” rating to a “hold” rating in a research note on Wednesday, October 17th. Finally, Roth Capital began coverage on Inspired Entertainment in a report on Thursday, December 20th. They issued a “buy” rating and a $10.00 price objective on the stock.
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Inspired Entertainment Company Profile
Inspired Entertainment, Inc, a business-to-business gaming technology company, supplies virtual sports and server based gaming worldwide. It designs, develops, markets, and distributes a portfolio of games through its digital network architecture to betting offices, casinos, gaming hall and bingo operators, and regulated operators of lotteries, as well as government affiliated and licensed operators.
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