Light & Wonder (NASDAQ:LNW - Free Report) had its target price lifted by Macquarie from $120.00 to $122.00 in a research note released on Monday morning,Benzinga reports. They currently have an outperform rating on the stock.
Other equities analysts also recently issued research reports about the company. Stifel Nicolaus upped their target price on Light & Wonder from $84.00 to $95.00 and gave the company a "hold" rating in a research report on Thursday, May 8th. Mizuho upped their target price on Light & Wonder from $80.00 to $84.00 and gave the company an "underperform" rating in a research report on Thursday, May 8th. Benchmark decreased their target price on Light & Wonder from $130.00 to $100.00 and set a "buy" rating on the stock in a research report on Monday, May 12th. 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. Finally, Truist Financial decreased their target price on Light & Wonder from $115.00 to $110.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $107.00.
View Our Latest Stock Report on LNW
Light & Wonder Stock Performance
NASDAQ LNW traded down $0.15 during trading on Monday, reaching $86.10. 836,961 shares of the company's stock were exchanged, compared to its average volume of 834,409. The business has a 50 day moving average price of $85.27 and a 200-day moving average price of $90.52. The stock has a market capitalization of $7.27 billion, a P/E ratio of 22.96, a PEG ratio of 0.38 and a beta of 1.23. The company has a debt-to-equity ratio of 6.26, a current ratio of 1.57 and a quick ratio of 1.35. Light & Wonder has a fifty-two week low of $75.46 and a fifty-two week high of $115.00.
Light & Wonder (NASDAQ:LNW - Get Free Report) last announced its quarterly 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). The business had revenue of $774.00 million for the quarter, compared to analyst estimates of $802.93 million. Light & Wonder had a return on equity of 68.41% and a net margin of 10.45%. Light & Wonder's quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the firm earned $0.88 EPS. Sell-side analysts forecast that Light & Wonder will post 4.3 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Light & Wonder
Institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc boosted its stake in shares of Light & Wonder by 4,783.3% in the first quarter. Versant Capital Management Inc now owns 293 shares of the company's stock valued at $25,000 after buying an additional 287 shares during the period. Farther Finance Advisors LLC lifted its stake in Light & Wonder by 3,861.1% during the first quarter. Farther Finance Advisors LLC now owns 713 shares of the company's stock worth $63,000 after purchasing an additional 695 shares during the last quarter. Blue Trust Inc. lifted its stake in Light & Wonder by 194.3% during the fourth quarter. Blue Trust Inc. now owns 718 shares of the company's stock worth $65,000 after purchasing an additional 474 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Light & Wonder during the first quarter worth $71,000. Finally, CX Institutional bought a new stake in Light & Wonder during the first quarter worth $87,000. 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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