Shares of Light & Wonder, Inc. (NASDAQ:LNW - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $85.82, but opened at $93.00. Light & Wonder shares last traded at $94.22, with a volume of 245,770 shares changing hands.
Analyst Ratings Changes
LNW has been the topic of a number of research analyst reports. Macquarie raised their target price on Light & Wonder from $120.00 to $122.00 and gave the company an "outperform" rating in a report on Monday, June 16th. Mizuho raised their target price on Light & Wonder from $80.00 to $84.00 and gave the company an "underperform" rating in a report on Thursday, May 8th. Jefferies Financial Group set a $116.00 target price on Light & Wonder in a report on Wednesday. Truist Financial reduced their target price on Light & Wonder from $115.00 to $110.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Finally, Stifel Nicolaus raised their target price on Light & Wonder from $84.00 to $95.00 and gave the company a "hold" rating in a report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Light & Wonder currently has a consensus rating of "Moderate Buy" and an average target price of $106.55.
View Our Latest Stock Analysis on LNW
Light & Wonder Stock Performance
The company has a fifty day moving average of $86.56 and a two-hundred day moving average of $90.23. 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 company has a market cap of $8.09 billion, a price-to-earnings ratio of 25.55, a P/E/G ratio of 0.42 and a beta of 1.23.
Light & Wonder (NASDAQ:LNW - Get Free Report) last announced its 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). Light & Wonder had a net margin of 10.45% and a return on equity of 68.41%. The company had revenue of $774.00 million during the quarter, compared to the consensus estimate of $802.93 million. During the same quarter in the previous year, the company earned $0.88 earnings per share. The business's revenue was up 2.4% on a year-over-year basis. Equities research analysts anticipate that Light & Wonder, Inc. will post 4.3 EPS for the current year.
Institutional Trading of Light & Wonder
Several institutional investors have recently added to or reduced their stakes in LNW. New York State Common Retirement Fund boosted its holdings in Light & Wonder by 0.5% in the fourth quarter. New York State Common Retirement Fund now owns 40,250 shares of the company's stock valued at $3,477,000 after acquiring an additional 200 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Light & Wonder in the fourth quarter valued at approximately $596,000. Inceptionr LLC bought a new stake in Light & Wonder in the fourth quarter valued at approximately $261,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Light & Wonder by 11.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,885 shares of the company's stock valued at $1,890,000 after acquiring an additional 2,326 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Light & Wonder by 393.6% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,554 shares of the company's stock valued at $3,589,000 after acquiring an additional 33,136 shares during the last quarter. 88.08% of the stock is currently owned by institutional investors.
About Light & Wonder
(
Get Free Report)
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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