Light & Wonder (LNW) Stock Price, News & Analysis

Company Overview

Light & Wonder, Inc. (NASDAQ: LNW) is a global gaming and entertainment technology company formed in 2022 following the rebranding of Scientific Games. Headquartered in Las Vegas, Nevada, the company designs, develops and distributes a broad portfolio of products and services for the gaming, sports betting and lottery industries. Its offerings span gaming machines and table games, lottery systems and services, digital platforms and content, and player engagement solutions.

The company’s gaming machines segment includes slot machines, video lottery terminals and electronic table games, supported by proprietary hardware and software platforms. In its lottery operations, Light & Wonder delivers integrated systems, scratch‐off tickets and draw‐based games to state and national lotteries worldwide. Its digital division powers online gaming and sports betting through software-as-a-service platforms, content aggregation, risk management tools and managed services designed to optimize player acquisition and retention.

Light & Wonder serves a diverse customer base that encompasses commercial and tribal casinos, national lotteries, sports wagering operators and digital gaming venues across North America, Latin America, Europe, Asia Pacific and Africa. With a global footprint that includes research and development centers, production facilities and customer support offices, the company leverages local market expertise and global scale to drive innovation and deliver reliable solutions.

Under the guidance of an experienced leadership team with deep roots in the gaming and technology sectors, Light & Wonder continues to invest in product development, digital transformation and strategic partnerships. The company’s ongoing focus on content creation, platform enhancements and operational efficiency aims to drive long-term growth and support the evolving needs of its customers in the rapidly changing gaming landscape.

Key Stats

• Today's Range: $80.00 to $82.09
• 50-Day Range: $77.87 to $96.32
• 52-Week Range: $69.56 to $113.94
• Volume: 841,740 shs
• Average Volume: 1.01 million shs
• Market Capitalization: $6.80 billion
• P/E Ratio: 20.44
• Dividend Yield: N/A
• Price Target: $103.86
• Consensus Rating: Hold

Light & Wonder Stock Analysis - MarketRank™

Light & Wonder scored higher than 81% of companies evaluated by MarketBeat, and ranked 79th out of 293 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.2 / 5
• Analyst Rating: Hold

Consensus Rating

Light & Wonder has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 5 buy ratings, 4 hold ratings, and 1 sell rating.

Upside Potential

Light & Wonder has a consensus price target of $103.86, representing about 28.3% upside from its current price of $80.96.

Amount of Analyst Coverage

Light & Wonder has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 31.63%

Earnings Growth

Earnings for Light & Wonder are expected to grow by 31.63% in the coming year, from $4.30 to $5.66 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Light & Wonder is 20.44, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 234.53.

Price to Earnings Ratio vs. Sector

The P/E ratio of Light & Wonder is 20.44, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 18.34.

Price to Earnings Growth Ratio

Light & Wonder has a PEG Ratio of 0.49. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Light & Wonder has a P/B Ratio of 11.24. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

7.25% of the float of Light & Wonder has been sold short.

Short Interest Ratio / Days to Cover

Light & Wonder has a short interest ratio ("days to cover") of 5.8.

Change versus previous month

Short interest in Light & Wonder has recently increased by 2.72%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Light & Wonder does not currently pay a dividend.

Dividend Growth

Light & Wonder does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

7.25% of the float of Light & Wonder has been sold short.

Short Interest Ratio / Days to Cover

Light & Wonder has a short interest ratio ("days to cover") of 5.8.

Change versus previous month

Short interest in Light & Wonder has recently increased by 2.72%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 1.4 / 5
• News Sentiment: 0.56

News Sentiment

Light & Wonder has a news sentiment score of 0.56. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.71 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Light & Wonder this week, compared to 9 articles on an average week.

Search Interest

Only 1 people have searched for LNW on MarketBeat in the last 30 days. This is a decrease of -80% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added Light & Wonder to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Light & Wonder insiders have bought more of their company's stock than they have sold. Specifically, they have bought $3,209,088.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 2.20% of the stock of Light & Wonder is held by insiders.

Percentage Held by Institutions

88.08% of the stock of Light & Wonder is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

LNW Stock Analysis - Frequently Asked Questions

How have LNW shares performed this year?

Light & Wonder's stock was trading at $86.38 at the beginning of 2025. Since then, LNW stock has decreased by 6.3% and is now trading at $80.96.

How were Light & Wonder's earnings last quarter?

Light & Wonder, Inc. (NASDAQ:LNW) released its quarterly earnings results on Wednesday, August, 6th. The company reported $1.58 earnings per share for the quarter, topping analysts' consensus estimates of $1.44 by $0.14. The firm's quarterly revenue was down 1.1% on a year-over-year basis.
Read the conference call transcript.

How will Light & Wonder's stock buyback program work?

Light & Wonder's Board of Directors authorized a stock buyback plan on Wednesday, August 7th 2024, which allows the company to repurchase $1,000,000,000 in shares, according to EventVestor. This means that the company could repurchase up to 10.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's management believes its shares are undervalued.

Who are Light & Wonder's major shareholders?

Light & Wonder's top institutional shareholders include Oak Thistle LLC (0.03%). Insiders that own company stock include Fine Capital Partners, LP, James Sottile, Timothy Throsby, Antonia Korsanos, Siobhan Lane, Maria T Vullo, Hamish Mclennan, Vanja Kalabic, Oliver Chow and Jamie Odell.
View institutional ownership trends.

How do I buy shares of Light & Wonder?

Shares of LNW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Light & Wonder own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Light & Wonder investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Adobe (ADBE), Advanced Micro Devices (AMD), Arista Networks (ANET) and ServiceNow (NOW).

Company Calendar

• Last Earnings: 8/06/2025
• Today: 10/09/2025
• Next Earnings (Confirmed): 11/05/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Discretionary
• Industry: GAMING
• Sub-Industry: Computer Software
• Current Symbol: NASDAQ:LNW
• CIK: 750004
• Web: www.scientificgames.com
• Phone: (702) 897-7150
• Fax: 702-897-2284
• Employees: 6,800
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Light & Wonder: $103.86
• High Price Target: $130.00
• Low Price Target: $84.00
• Potential Upside/Downside: +28.3%
• Consensus Rating: Hold
• Rating Score (0-4): 2.40
• Research Coverage: 10 Analysts

Profitability

• EPS (Trailing Twelve Months): $3.96
• Trailing P/E Ratio: 20.44
• Forward P/E Ratio: 18.83
• P/E Growth: 0.49
• Net Income: $336 million
• Net Margins: 10.89%
• Pretax Margin: 13.82%
• Return on Equity: 71.17%
• Return on Assets: 8.73%

Debt

• Debt-to-Equity Ratio: 6.86
• Current Ratio: 1.77
• Quick Ratio: 1.51

Sales & Book Value

• Annual Sales: $3.20 billion
• Price / Sales: 2.13
• Cash Flow: $9.64 per share
• Price / Cash Flow: 8.40
• Book Value: $7.20 per share
• Price / Book: 11.24

Miscellaneous

• Outstanding Shares: 83,947,000
• Free Float: 82,100,000
• Market Cap: $6.80 billion
• Optionable: Optionable
• Beta: 1.45