Traders Buy High Volume of Call Options on Inspired Entertainment (NASDAQ:INSE)

Inspired Entertainment, Inc. (NASDAQ:INSE) was the recipient of some unusual options trading on Friday. Stock traders bought 15,018 call options on the stock. This represents an increase of 10,402% compared to the average daily volume of 143 call options.

Inspired Entertainment Stock Down 1.1 %

Shares of Inspired Entertainment stock traded down $0.08 on Friday, hitting $7.46. 254,494 shares of the company’s stock traded hands, compared to its average volume of 124,691. The firm’s 50-day moving average is $10.80 and its 200 day moving average is $12.60. The stock has a market cap of $196.50 million, a P/E ratio of 12.77 and a beta of 1.65. Inspired Entertainment has a 52-week low of $6.12 and a 52-week high of $16.44.

Wall Street Analysts Forecast Growth

Separately, Truist Financial dropped their price target on Inspired Entertainment from $21.00 to $19.00 and set a “buy” rating for the company in a research note on Wednesday, October 18th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat, Inspired Entertainment currently has a consensus rating of “Buy” and an average target price of $21.50.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in INSE. Gabelli Funds LLC raised its stake in shares of Inspired Entertainment by 1.1% in the 3rd quarter. Gabelli Funds LLC now owns 90,000 shares of the company’s stock valued at $1,076,000 after purchasing an additional 1,000 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Inspired Entertainment by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 193,267 shares of the company’s stock worth $2,843,000 after buying an additional 1,092 shares in the last quarter. State of Tennessee Treasury Department increased its position in Inspired Entertainment by 14.2% in the 2nd quarter. State of Tennessee Treasury Department now owns 11,089 shares of the company’s stock valued at $163,000 after acquiring an additional 1,383 shares during the period. KB Financial Partners LLC raised its stake in Inspired Entertainment by 9.0% during the 1st quarter. KB Financial Partners LLC now owns 19,441 shares of the company’s stock valued at $239,000 after acquiring an additional 1,609 shares in the last quarter. Finally, West Tower Group LLC bought a new stake in Inspired Entertainment during the 2nd quarter valued at $28,000. 82.08% of the stock is currently owned by institutional investors.

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.