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

Shares of Light & Wonder, Inc. (NASDAQ:LNW - Get Free Report) have earned an average recommendation of "Moderate Buy" from the fourteen research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, eight have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $106.82.

A number of equities analysts recently weighed in on LNW shares. Jefferies Financial Group lifted their target price on shares of Light & Wonder from $120.00 to $121.00 and gave the stock a "buy" rating in a research note on Wednesday, January 15th. Citigroup raised Light & Wonder from a "neutral" rating to a "buy" rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. upped their target price on Light & Wonder from $103.00 to $110.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. Truist Financial lowered their target price on Light & Wonder from $115.00 to $110.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Finally, Macquarie dropped their price target on Light & Wonder from $125.00 to $120.00 and set an "outperform" rating on the stock in a research note on Thursday, May 8th.

Insider Buying and Selling

In other news, CAO Vanja Kalabic sold 1,132 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $104.41, for a total value of $118,192.12. Following the transaction, the chief accounting officer now owns 5,016 shares in the company, valued at $523,720.56. The trade was a 18.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Siobhan Lane sold 3,784 shares of the business's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $105.37, for a total value of $398,720.08. Following the completion of the transaction, the chief executive officer now directly owns 21,254 shares in the company, valued at approximately $2,239,533.98. This represents a 15.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,867 shares of company stock worth $1,037,884 in the last ninety days. Corporate insiders own 2.10% of the company's stock.

Institutional Trading of Light & Wonder

Several hedge funds and other institutional investors have recently modified their holdings of the business. Mitsubishi UFJ Trust & Banking Corp raised its position in Light & Wonder by 2.5% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,485 shares of the company's stock worth $387,000 after purchasing an additional 108 shares during the period. Centaurus Financial Inc. boosted its holdings in shares of Light & Wonder by 3.3% during the fourth quarter. Centaurus Financial Inc. now owns 3,350 shares of the company's stock worth $289,000 after purchasing an additional 108 shares during the period. Xponance Inc. grew its stake in shares of Light & Wonder by 0.7% in the fourth quarter. Xponance Inc. now owns 17,769 shares of the company's stock worth $1,535,000 after purchasing an additional 120 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Light & Wonder by 0.6% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,018 shares of the company's stock valued at $1,907,000 after purchasing an additional 133 shares during the period. Finally, Simon Quick Advisors LLC raised its position in Light & Wonder by 2.9% during the 1st quarter. Simon Quick Advisors LLC now owns 4,752 shares of the company's stock valued at $412,000 after purchasing an additional 136 shares during the last quarter. Institutional investors own 88.08% of the company's stock.

Light & Wonder Price Performance

NASDAQ LNW traded up $2.56 on Monday, hitting $88.69. 913,004 shares of the company's stock were exchanged, compared to its average volume of 807,547. Light & Wonder has a 52 week low of $75.46 and a 52 week high of $115.00. The stock has a 50-day moving average of $90.19 and a 200-day moving average of $92.42. The company has a current ratio of 1.88, a quick ratio of 1.61 and a debt-to-equity ratio of 4.49. The stock has a market cap of $7.48 billion, a price-to-earnings ratio of 27.54, a P/E/G ratio of 0.35 and a beta of 1.30.

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