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

Shares of Light & Wonder, Inc. (NASDAQ:LNW) have earned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $107.36.

Several brokerages have weighed in on LNW. Truist Financial lowered their price objective 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. Craig Hallum raised shares of Light & Wonder to a “strong-buy” rating in a report on Friday, October 4th. Macquarie cut their target price on Light & Wonder from $122.00 to $117.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 25th. Maxim Group initiated coverage on Light & Wonder in a report on Monday, August 26th. They set a “buy” rating and a $144.00 price target on the stock. Finally, Stifel Nicolaus reduced their target price on Light & Wonder from $108.00 to $100.00 and set a “hold” rating on the stock in a research note on Wednesday, September 25th.

Institutional Trading of Light & Wonder

Several hedge funds and other institutional investors have recently made changes to their positions in LNW. Tidal Investments LLC boosted its stake in Light & Wonder by 18.0% during the 3rd quarter. Tidal Investments LLC now owns 8,038 shares of the company’s stock valued at $729,000 after purchasing an additional 1,226 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Light & Wonder during the third quarter valued at $222,000. Neo Ivy Capital Management bought a new stake in Light & Wonder in the 3rd quarter worth about $104,000. Barclays PLC raised its position in Light & Wonder by 539.6% in the 3rd quarter. Barclays PLC now owns 155,852 shares of the company’s stock worth $14,142,000 after buying an additional 131,486 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of Light & Wonder by 2.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 35,960 shares of the company’s stock valued at $3,263,000 after acquiring an additional 804 shares during the last quarter. Hedge funds and other institutional investors own 88.08% of the company’s stock.

Light & Wonder Stock Performance

Light & Wonder stock opened at $93.41 on Friday. Light & Wonder has a 1-year low of $76.52 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 firm’s 50 day simple moving average is $95.62 and its 200 day simple moving average is $100.10. The firm has a market capitalization of $8.25 billion, a PE ratio of 29.01, a price-to-earnings-growth ratio of 0.59 and a beta of 1.71.

Light & Wonder Company Profile

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.