Light & Wonder (NASDAQ:LNW) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Light & Wonder (NASDAQ:LNW) had its target price increased by equities research analysts at Stifel Nicolaus from $90.00 to $104.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ target price suggests a potential downside of 0.85% from the stock’s current price.

A number of other research analysts have also recently commented on LNW. Truist Financial dropped their price target on Light & Wonder from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Jefferies Financial Group upped their price target on Light & Wonder from $120.00 to $121.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Finally, Benchmark reaffirmed a “buy” rating and set a $114.00 price target on shares of Light & Wonder in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $109.25.

Light & Wonder Stock Down 1.0 %

LNW stock opened at $104.89 on Wednesday. Light & Wonder has a 1-year low of $84.00 and a 1-year high of $115.00. 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’s fifty day simple moving average is $89.47 and its two-hundred day simple moving average is $96.04. The stock has a market cap of $9.26 billion, a P/E ratio of 32.57, a P/E/G ratio of 0.34 and a beta of 1.72.

Institutional Trading of Light & Wonder

A number of hedge funds and other institutional investors have recently made changes to their positions in LNW. True Wealth Design LLC bought a new stake in shares of Light & Wonder during the 3rd quarter valued at $28,000. Capital Performance Advisors LLP bought a new position in Light & Wonder in the 3rd quarter worth about $29,000. R Squared Ltd bought a new position in Light & Wonder in the 4th quarter worth about $35,000. Quarry LP bought a new position in Light & Wonder in the 3rd quarter worth about $51,000. Finally, Blue Trust Inc. increased its stake in Light & Wonder by 194.3% in the 4th 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. 88.08% of the stock is currently owned by institutional investors.

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.