Light & Wonder, Inc. (NASDAQ:LNW) Receives $106.36 Average Price Target from Analysts

Shares of Light & Wonder, Inc. (NASDAQ:LNW) have been given an average recommendation of “Hold” by the eleven ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $106.36.

A number of equities research analysts have weighed in on LNW shares. Truist Financial upped their price objective on shares of Light & Wonder from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Macquarie increased their price objective on shares of Light & Wonder from $120.00 to $122.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. lifted their target price on shares of Light & Wonder from $107.00 to $111.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Susquehanna cut shares of Light & Wonder from a “positive” rating to a “neutral” rating and cut their price target for the company from $111.00 to $95.00 in a report on Friday, May 10th. Finally, Benchmark restated a “buy” rating and issued a $114.00 price objective on shares of Light & Wonder in a report on Thursday, August 8th.

Light & Wonder Stock Down 2.3 %

LNW opened at $105.00 on Wednesday. The company has a quick ratio of 1.58, a current ratio of 1.85 and a debt-to-equity ratio of 4.90. The business’s fifty day simple moving average is $104.90 and its 200 day simple moving average is $99.67. Light & Wonder has a 52 week low of $67.71 and a 52 week high of $111.00. The stock has a market cap of $9.32 billion, a PE ratio of 43.57, a P/E/G ratio of 0.45 and a beta of 1.77.

Light & Wonder (NASDAQ:LNW) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.14). The company had revenue of $818.00 million for the quarter, compared to analysts’ expectations of $798.09 million. Light & Wonder had a net margin of 9.92% and a return on equity of 40.51%. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period last year, the company posted $1.02 EPS. As a group, research analysts expect that Light & Wonder will post 4.44 earnings per share for the current fiscal year.

Institutional Trading of Light & Wonder

Several institutional investors have recently added to or reduced their stakes in the company. Rise Advisors LLC purchased a new position in Light & Wonder during the 1st quarter worth $38,000. Fidelis Capital Partners LLC purchased a new position in shares of Light & Wonder during the 1st quarter valued at approximately $38,000. GAMMA Investing LLC grew its position in shares of Light & Wonder by 59.6% in the second quarter. GAMMA Investing LLC now owns 407 shares of the company’s stock valued at $43,000 after purchasing an additional 152 shares during the period. USA Financial Formulas acquired a new stake in Light & Wonder in the 4th quarter worth about $62,000. Finally, C M Bidwell & Associates Ltd. purchased a new stake in shares of Light & Wonder during the fourth quarter worth approximately $69,000. Institutional investors own 88.08% of the company’s stock.

About Light & Wonder

Light & Wonder, Inc operates as a cross-platform games company in the United States and internationally. The company operates through three segments: Gaming, SciPlay, and iGaming segments. The Gaming segment sells game content and gaming machine; video gaming terminals; video lottery terminals, including conversion kits and spare parts; and table products, including automatic card shufflers, deck checkers, table roulette chip sorters and other land-based table gaming equipment.