Light & Wonder, Inc. (NASDAQ:LNW) Given Average Rating of "Moderate Buy" by Brokerages

Light & Wonder, Inc. (NASDAQ:LNW - Get Free Report) has been given an average recommendation of "Moderate Buy" by the fourteen research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $106.82.

A number of analysts recently issued reports on the company. Citigroup raised Light & Wonder from a "neutral" rating to a "buy" rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. lifted their price target on shares of Light & Wonder from $103.00 to $110.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. Mizuho boosted their price target on shares of Light & Wonder from $80.00 to $84.00 and gave the company an "underperform" rating in a research note on Thursday, May 8th. Benchmark lowered their price objective on shares of Light & Wonder from $130.00 to $100.00 and set a "buy" rating for the company in a research report on Monday, May 12th. Finally, Macquarie dropped their target price on shares of Light & Wonder from $125.00 to $120.00 and set an "outperform" rating for the company in a report on Thursday, May 8th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Versant Capital Management Inc grew its position in shares of Light & Wonder by 4,783.3% during the first quarter. Versant Capital Management Inc now owns 293 shares of the company's stock worth $25,000 after buying an additional 287 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Light & Wonder by 3,861.1% in the first quarter. Farther Finance Advisors LLC now owns 713 shares of the company's stock valued at $63,000 after acquiring an additional 695 shares in the last quarter. Blue Trust Inc. lifted its stake in Light & Wonder by 194.3% in the fourth quarter. Blue Trust Inc. now owns 718 shares of the company's stock worth $65,000 after acquiring an additional 474 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Light & Wonder during the 1st quarter worth approximately $71,000. Finally, CX Institutional acquired a new position in Light & Wonder during the 1st quarter worth approximately $87,000. 88.08% of the stock is owned by institutional investors and hedge funds.

Light & Wonder Trading Down 0.9%

Shares of LNW stock opened at $85.80 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.61 and a debt-to-equity ratio of 4.49. Light & Wonder has a twelve month low of $75.46 and a twelve month high of $115.00. The company's 50-day moving average price is $84.46 and its 200-day moving average price is $91.17. The stock has a market cap of $7.24 billion, a price-to-earnings ratio of 26.65, a PEG ratio of 0.35 and a beta of 1.23.

Light & Wonder (NASDAQ:LNW - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.94 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.23). The firm had revenue of $774.00 million for the quarter, compared to analysts' expectations of $802.93 million. Light & Wonder had a net margin of 9.30% and a return on equity of 49.91%. The firm's quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.88 EPS. As a group, equities analysts predict that Light & Wonder will post 4.3 earnings per share for the current year.

About Light & Wonder

Light & Wonder, Inc is a cross-platform global games company, which engages in the development of content and digital markets. It operates through the following segments: Gaming, SciPlay, and iGaming. The Gaming segment includes the design, manufacture, marketing, and distribution of portfolio of gaming products and services.

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