Light & Wonder, Inc. (NASDAQ:LNW) Given Average Recommendation of “Hold” by Brokerages

Shares of Light & Wonder, Inc. (NASDAQ:LNW) have received a consensus rating of “Hold” from the eleven brokerages that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $95.08.

LNW has been the subject of several recent research reports. Stifel Nicolaus reissued a “hold” rating and issued a $103.00 price target (up previously from $97.00) on shares of Light & Wonder in a research report on Thursday, March 14th. Susquehanna cut Light & Wonder from a “positive” rating to a “neutral” rating and dropped their target price for the stock from $111.00 to $95.00 in a report on Friday, May 10th. Mizuho decreased their price target on Light & Wonder from $83.00 to $79.00 and set an “underperform” rating on the stock in a research note on Thursday, May 9th. Finally, Redburn Atlantic cut Light & Wonder from a “buy” rating to a “neutral” rating and upped their price target for the company from $105.00 to $110.00 in a research report on Monday, March 11th.

Light & Wonder Stock Performance

LNW opened at $106.11 on Friday. The stock’s 50 day simple moving average is $95.24 and its 200-day simple moving average is $91.87. The company has a current ratio of 1.98, a quick ratio of 1.72 and a debt-to-equity ratio of 4.61. The stock has a market cap of $9.56 billion, a PE ratio of 44.03 and a beta of 1.75. Light & Wonder has a 1 year low of $62.16 and a 1 year high of $108.90.

Light & Wonder (NASDAQ:LNW) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.23. The firm had revenue of $756.00 million for the quarter, compared to analyst estimates of $732.01 million. Light & Wonder had a net margin of 7.43% and a return on equity of 32.27%. Sell-side analysts forecast that Light & Wonder will post 4.2 EPS for the current year.

Institutional Trading of Light & Wonder

Several large investors have recently made changes to their positions in the business. Rise Advisors LLC acquired a new position in Light & Wonder during the 1st quarter worth about $38,000. Fidelis Capital Partners LLC acquired a new stake in Light & Wonder in the 1st quarter valued at about $38,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Light & Wonder during the third quarter worth approximately $36,000. USA Financial Formulas acquired a new position in shares of Light & Wonder during the fourth quarter worth approximately $62,000. Finally, C M Bidwell & Associates Ltd. bought a new stake in shares of Light & Wonder during the fourth quarter valued at approximately $69,000. Institutional investors own 88.08% of the company’s stock.

About Light & Wonder

Light & Wonder, Inc operates as a cross-platform games company in the United States and internationally. The company operates through three segments: Gaming, SciPlay, and iGaming segments. The Gaming segment sells game content and gaming machine; video gaming terminals; video lottery terminals, including conversion kits and spare parts; and table products, including automatic card shufflers, deck checkers, table roulette chip sorters and other land-based table gaming equipment.