Brightstar Lottery (NYSE:BRSL) Stock Rated “Hold” by Sell-Side Brokerages

Shares of Brightstar Lottery (NYSE:BRSL) have received a consensus recommendation of “Hold” from the nine research firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $14.77.

Several equities research analysts have recently issued reports on the stock. Truist Financial lowered their target price on shares of Brightstar Lottery from $13.00 to $11.00 and set a “hold” rating for the company in a report on Tuesday, October 20th. Jefferies Financial Group raised shares of Brightstar Lottery from a “hold” rating to a “buy” rating and increased their price objective for the stock from $12.00 to $16.00 in a research report on Thursday, August 13th. Wall Street Zen downgraded shares of Brightstar Lottery from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Weiss Ratings reissued a “sell (d+)” rating on shares of Brightstar Lottery in a research note on Tuesday, October 6th. Finally, Zacks Research upgraded Brightstar Lottery from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th.

Institutional Investors Weigh In On Brightstar Lottery

A number of institutional investors and hedge funds have recently modified their holdings of BRSL. BlackRock Inc. boosted its holdings in Brightstar Lottery by 16.5% during the 2nd quarter. BlackRock Inc. now owns 6,785,934 shares of the company’s stock valued at $72,745,000 after acquiring an additional 961,306 shares during the period. Bank of America Corp DE grew its position in Brightstar Lottery by 17.3% in the 1st quarter. Bank of America Corp DE now owns 1,031,022 shares of the company’s stock valued at $13,135,000 after acquiring an additional 151,839 shares during the last quarter. Readystate Asset Management LP bought a new position in Brightstar Lottery in the 2nd quarter valued at $957,000. Sei Investments Co. grew its position in Brightstar Lottery by 101.8% in the 1st quarter. Sei Investments Co. now owns 322,220 shares of the company’s stock valued at $4,105,000 after acquiring an additional 162,541 shares during the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in Brightstar Lottery in the fourth quarter worth $1,318,000. 44.33% of the stock is owned by institutional investors.

Brightstar Lottery Stock Down 1.8%

NYSE BRSL opened at $9.85 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.10 and a debt-to-equity ratio of 2.16. Brightstar Lottery has a 52 week low of $9.10 and a 52 week high of $17.59. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 7.57, a PEG ratio of 4.09 and a beta of 1.15. The company has a fifty day moving average of $10.23 and a two-hundred day moving average of $11.55.

Brightstar Lottery (NYSE:BRSL) last announced its earnings results on Tuesday, August 4th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.12. Brightstar Lottery had a net margin of 10.05% and a return on equity of 10.47%. The business had revenue of $584.00 million for the quarter. On average, analysts predict that Brightstar Lottery will post 0.35 earnings per share for the current year.

About Brightstar Lottery

Brightstar Lottery plc is a global provider of lottery technology, products and services to government-sponsored and commercial lottery operators. The company helps lotteries manage retail and digital operations, improve player engagement and deliver draw-based and instant-win games.

Its offerings include lottery management systems, retail terminals and software, point-of-sale solutions, instant-ticket products, draw-based games and iLottery platforms. Brightstar also provides related digital services, analytics and operational support designed to help lottery operators run secure, efficient and omnichannel programs.

Brightstar Lottery traces its operations to the global lottery business formerly owned by International Game Technology.