Light & Wonder, Inc. (NASDAQ:LNW) Given Average Rating of “Moderate Buy” by Analysts

Light & Wonder, Inc. (NASDAQ:LNW) has earned a consensus rating of “Moderate Buy” from the fourteen analysts that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, eight have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $109.55.

LNW has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Light & Wonder from $103.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Citigroup upgraded Light & Wonder from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 19th. Benchmark increased their price target on Light & Wonder from $114.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Stifel Nicolaus raised their price objective on Light & Wonder from $84.00 to $95.00 and gave the stock a “hold” rating in a research report on Thursday. Finally, Mizuho upped 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.

Insider Transactions at Light & Wonder

In related news, CFO Oliver Chow sold 2,595 shares of Light & Wonder stock in a transaction on Friday, March 7th. The stock was sold at an average price of $104.94, for a total value of $272,319.30. Following the completion of the transaction, the chief financial officer now directly owns 3,695 shares in the company, valued at approximately $387,753.30. This trade represents a 41.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP James Sottile sold 2,356 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $105.54, for a total value of $248,652.24. Following the transaction, the vice president now directly owns 77,331 shares of the company’s stock, valued at $8,161,513.74. The trade was a 2.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,867 shares of company stock valued at $1,037,884. 2.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of LNW. Vanguard Group Inc. raised its holdings in Light & Wonder by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 8,492,524 shares of the company’s stock worth $733,584,000 after purchasing an additional 100,527 shares during the last quarter. Bessemer Group Inc. lifted its position in shares of Light & Wonder by 321.7% in the first quarter. Bessemer Group Inc. now owns 1,572,022 shares of the company’s stock valued at $136,152,000 after acquiring an additional 1,199,213 shares in the last quarter. Burgundy Asset Management Ltd. boosted its stake in shares of Light & Wonder by 2.0% during the fourth quarter. Burgundy Asset Management Ltd. now owns 1,472,538 shares of the company’s stock valued at $127,198,000 after acquiring an additional 28,358 shares during the last quarter. Ninety One UK Ltd increased its position in Light & Wonder by 56.7% during the 1st quarter. Ninety One UK Ltd now owns 1,174,556 shares of the company’s stock worth $101,728,000 after purchasing an additional 425,202 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Light & Wonder during the 4th quarter worth about $91,683,000. Institutional investors and hedge funds own 88.08% of the company’s stock.

Light & Wonder Stock Up 1.5%

NASDAQ LNW opened at $81.74 on Monday. The company has a quick ratio of 1.61, a current ratio of 1.88 and a debt-to-equity ratio of 4.49. Light & Wonder has a 52 week low of $75.46 and a 52 week high of $115.00. The business’s fifty day simple moving average is $90.64 and its 200-day simple moving average is $92.48. The firm has a market cap of $6.90 billion, a PE ratio of 25.39, a P/E/G ratio of 0.35 and a beta of 1.30.

Light & Wonder (NASDAQ:LNW) last issued its earnings results on Wednesday, May 7th. The company reported $0.94 EPS 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 firm had revenue of $774.00 million for the quarter, compared to analysts’ expectations of $802.93 million. During the same period last year, the firm earned $0.88 earnings per share. Light & Wonder’s revenue for the quarter was up 2.4% on a year-over-year basis. As a group, equities analysts anticipate that Light & Wonder will post 4.3 earnings per share for the current year.

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.