Light & Wonder’s (LNW) Buy Rating Reaffirmed at Benchmark

Benchmark reiterated their buy rating on shares of Light & Wonder (NASDAQ:LNW) in a research note published on Wednesday morning,Benzinga reports. Benchmark currently has a $114.00 price objective on the stock.

Several other equities research analysts have also issued reports on the company. Jefferies Financial Group raised their target price on Light & Wonder from $120.00 to $121.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Truist Financial decreased their target price on Light & Wonder from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Light & Wonder currently has a consensus rating of “Moderate Buy” and an average price target of $109.25.

Light & Wonder Trading Up 4.3 %

Shares of Light & Wonder stock opened at $105.99 on Wednesday. Light & Wonder has a 1 year low of $84.00 and a 1 year high of $115.00. The firm has a market cap of $9.36 billion, a PE ratio of 32.92, a P/E/G ratio of 0.33 and a beta of 1.72. The stock has a fifty day moving average price of $89.24 and a 200-day moving average price of $95.97. The company has a debt-to-equity ratio of 4.49, a current ratio of 1.88 and a quick ratio of 1.61.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in LNW. True Wealth Design LLC bought a new position in Light & Wonder in the 3rd quarter worth about $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. boosted 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 purchasing an additional 474 shares during the period. Institutional investors own 88.08% of the company’s stock.

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.