Light & Wonder (NASDAQ:LNW) Upgraded by Wall Street Zen to Buy Rating

Light & Wonder (NASDAQ:LNW - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday.

LNW has been the subject of several other research reports. Truist Financial lowered their price objective on Light & Wonder from $115.00 to $110.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Benchmark lowered their price objective on Light & Wonder from $130.00 to $100.00 and set a "buy" rating for the company in a research note on Monday, May 12th. Jefferies Financial Group set a $116.00 price objective on Light & Wonder in a research note on Wednesday, June 25th. Stifel Nicolaus increased their target price on shares of Light & Wonder from $84.00 to $95.00 and gave the company a "hold" rating in a research report on Thursday, May 8th. Finally, Mizuho increased their target price on shares of Light & Wonder from $80.00 to $84.00 and gave the company an "underperform" rating in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $106.55.

Light & Wonder Trading Up 0.3%

Shares of Light & Wonder stock traded up $0.30 on Friday, hitting $99.45. The stock had a trading volume of 539,552 shares, compared to its average volume of 795,966. The stock has a 50 day moving average of $88.19 and a 200 day moving average of $90.45. Light & Wonder has a twelve month low of $75.46 and a twelve month high of $115.00. The company has a debt-to-equity ratio of 6.26, a quick ratio of 1.35 and a current ratio of 1.57. The firm has a market capitalization of $8.39 billion, a P/E ratio of 26.52, a PEG ratio of 0.43 and a beta of 1.23.

Light & Wonder (NASDAQ:LNW - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.23). Light & Wonder had a net margin of 10.45% and a return on equity of 68.41%. The firm had revenue of $774.00 million during the quarter, compared to analyst estimates of $802.93 million. During the same period in the prior year, the company earned $0.88 EPS. The business's quarterly revenue was up 2.4% compared to the same quarter last year. Sell-side analysts expect that Light & Wonder will post 4.3 earnings per share for the current fiscal year.

Institutional Trading of Light & Wonder

Large investors have recently modified their holdings of the stock. Versant Capital Management Inc grew its position in shares of Light & Wonder by 4,783.3% during the 1st quarter. Versant Capital Management Inc now owns 293 shares of the company's stock worth $25,000 after buying an additional 287 shares during the period. Farther Finance Advisors LLC grew its position in shares of Light & Wonder by 3,861.1% during the 1st quarter. Farther Finance Advisors LLC now owns 713 shares of the company's stock worth $63,000 after buying an additional 695 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in shares of Light & Wonder during the 1st quarter worth approximately $71,000. CX Institutional acquired a new stake in shares of Light & Wonder during the 1st quarter worth approximately $87,000. Finally, US Bancorp DE grew its position in shares of Light & Wonder by 18.7% during the 1st quarter. US Bancorp DE now owns 1,164 shares of the company's stock worth $101,000 after buying an additional 183 shares during the period. Institutional investors and hedge funds own 88.08% of the company's stock.

Light & Wonder Company Profile

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.