Light & Wonder (NASDAQ:LNW) Price Target Raised to $106.00 at Stifel Nicolaus

Light & Wonder (NASDAQ:LNW) had its price target lifted by Stifel Nicolaus from $98.00 to $106.00 in a research report released on Tuesday morning, Benzinga reports. The brokerage currently has a hold rating on the stock.

A number of other analysts have also recently weighed in on the stock. Truist Financial increased their price target on shares of Light & Wonder from $115.00 to $120.00 and gave the stock a buy rating in a research note on Thursday, July 18th. Mizuho decreased their price target on shares of Light & Wonder from $83.00 to $79.00 and set an underperform rating for the company in a research note on Thursday, May 9th. Finally, Susquehanna cut shares of Light & Wonder from a positive rating to a neutral rating and reduced their target price for the stock from $111.00 to $95.00 in a research note on Friday, May 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Hold and an average price target of $95.75.

Light & Wonder Stock Down 2.7 %

Shares of NASDAQ:LNW traded down $2.82 during trading hours on Tuesday, reaching $103.05. The stock had a trading volume of 186,896 shares, compared to its average volume of 718,731. Light & Wonder has a 1 year low of $67.71 and a 1 year high of $108.90. The firm’s 50 day moving average is $99.64 and its 200-day moving average is $94.75. The company has a debt-to-equity ratio of 4.61, a quick ratio of 1.72 and a current ratio of 1.98. The stock has a market capitalization of $9.29 billion, a price-to-earnings ratio of 43.93, a P/E/G ratio of 0.43 and a beta of 1.79.

Light & Wonder (NASDAQ:LNW) last issued its 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. Light & Wonder had a net margin of 7.43% and a return on equity of 32.27%. The business had revenue of $756.00 million during the quarter, compared to analysts’ expectations of $732.01 million. Research analysts predict that Light & Wonder will post 4.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Light & Wonder

Several hedge funds have recently added to or reduced their stakes in LNW. Rise Advisors LLC acquired a new stake in shares of Light & Wonder during the 1st quarter worth about $38,000. Fidelis Capital Partners LLC acquired a new stake in shares of Light & Wonder during the 1st quarter worth about $38,000. GAMMA Investing LLC boosted its position in shares of Light & Wonder by 59.6% in the second quarter. GAMMA Investing LLC now owns 407 shares of the company’s stock worth $43,000 after acquiring an additional 152 shares during the last quarter. USA Financial Formulas acquired a new stake in shares of Light & Wonder in the fourth quarter worth approximately $62,000. Finally, C M Bidwell & Associates Ltd. acquired a new stake in shares of Light & Wonder in the fourth quarter worth approximately $69,000. 88.08% of the stock is currently owned by hedge funds and other institutional investors.

Light & Wonder Company Profile

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.