Light & Wonder, Inc. (NASDAQ:LNW) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Light & Wonder, Inc. (NASDAQ:LNW) have been given an average rating of “Moderate Buy” by the fourteen analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, seven have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $108.50.

A number of brokerages have recently weighed in on LNW. Truist Financial lowered their target price 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 raised their price objective on shares of Light & Wonder from $120.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. B. Riley assumed coverage on shares of Light & Wonder in a research report on Tuesday, October 8th. They set a “buy” rating and a $120.00 target price for the company. Craig Hallum upgraded shares of Light & Wonder to a “strong-buy” rating in a report on Friday, October 4th. Finally, Benchmark reiterated a “buy” rating and set a $114.00 price target on shares of Light & Wonder in a research note on Monday, January 27th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of LNW. Algert Global LLC raised its holdings in shares of Light & Wonder by 118.5% in the 3rd quarter. Algert Global LLC now owns 61,606 shares of the company’s stock worth $5,590,000 after purchasing an additional 33,410 shares during the period. Main Management ETF Advisors LLC purchased a new stake in Light & Wonder in the third quarter worth $774,000. GSA Capital Partners LLP bought a new stake in shares of Light & Wonder in the third quarter valued at $725,000. State Street Corp lifted its position in shares of Light & Wonder by 2.2% during the 3rd quarter. State Street Corp now owns 2,651,627 shares of the company’s stock valued at $240,582,000 after buying an additional 56,890 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Light & Wonder by 108.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,434 shares of the company’s stock worth $1,128,000 after acquiring an additional 6,472 shares during the period. Institutional investors own 88.08% of the company’s stock.

Light & Wonder Stock Down 1.2 %

LNW stock opened at $87.91 on Friday. The stock’s 50 day simple moving average is $89.98 and its 200 day simple moving average is $96.94. The company has a market cap of $7.76 billion, a P/E ratio of 27.30, a price-to-earnings-growth ratio of 0.30 and a beta of 1.73. The company has a debt-to-equity ratio of 4.49, a quick ratio of 1.61 and a current ratio of 1.88. Light & Wonder has a fifty-two week low of $79.22 and a fifty-two week high of $115.00.

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.