Brokerages Set Light & Wonder, Inc. (NASDAQ:LNW) Target Price at $107.36

Light & Wonder, Inc. (NASDAQ:LNW) has received a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, six have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $107.36.

LNW has been the topic of a number of recent research reports. Maxim Group began coverage on shares of Light & Wonder in a report on Monday, August 26th. They issued a “buy” rating and a $144.00 price objective on the stock. Macquarie decreased their target price on shares of Light & Wonder from $122.00 to $117.00 and set an “outperform” rating for the company in a research report on Wednesday, September 25th. Truist Financial cut their price target on shares of Light & Wonder from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Susquehanna decreased their price objective on Light & Wonder from $92.00 to $90.00 and set a “neutral” rating for the company in a report on Tuesday, September 24th. Finally, UBS Group raised Light & Wonder from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 25th.

Light & Wonder Stock Up 0.3 %

NASDAQ:LNW opened at $86.54 on Friday. The company has a market cap of $7.64 billion, a PE ratio of 26.88, a PEG ratio of 0.55 and a beta of 1.71. The stock has a 50-day simple moving average of $95.04 and a 200 day simple moving average of $99.92. The company has a debt-to-equity ratio of 4.49, a quick ratio of 1.61 and a current ratio of 1.88. Light & Wonder has a 52-week low of $76.52 and a 52-week high of $115.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Millennium Management LLC raised its stake in Light & Wonder by 573.3% in the 2nd quarter. Millennium Management LLC now owns 579,340 shares of the company’s stock valued at $60,761,000 after acquiring an additional 493,295 shares during the period. SG Americas Securities LLC raised its position in shares of Light & Wonder by 121.6% in the second quarter. SG Americas Securities LLC now owns 14,263 shares of the company’s stock valued at $1,496,000 after purchasing an additional 7,828 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Light & Wonder during the 2nd quarter worth about $23,597,000. Intech Investment Management LLC bought a new stake in shares of Light & Wonder during the 2nd quarter worth about $1,620,000. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of Light & Wonder by 57.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 35,437 shares of the company’s stock worth $3,716,000 after buying an additional 12,871 shares during the period. 88.08% of the stock is currently owned by 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.