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

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

A number of equities analysts have recently commented on the stock. B. Riley assumed coverage on shares of Light & Wonder in a report on Tuesday, October 8th. They set a “buy” rating and a $120.00 price target on the stock. Stifel Nicolaus reduced their price target on Light & Wonder from $108.00 to $100.00 and set a “hold” rating on the stock in a research report on Wednesday, September 25th. UBS Group upgraded Light & Wonder from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 25th. Truist Financial reduced their target price on Light & Wonder from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Finally, Macquarie lowered their price target on shares of Light & Wonder from $122.00 to $117.00 and set an “outperform” rating for the company in a report on Wednesday, September 25th.

Institutional Investors Weigh In On Light & Wonder

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. True Wealth Design LLC bought a new position in shares of Light & Wonder in the 3rd quarter worth $28,000. Capital Performance Advisors LLP bought a new position in shares of Light & Wonder in the third quarter valued at $29,000. Quarry LP acquired a new position in shares of Light & Wonder during the third quarter valued at about $51,000. GAMMA Investing LLC increased its position in shares of Light & Wonder by 120.1% during the third quarter. GAMMA Investing LLC now owns 896 shares of the company’s stock worth $81,000 after acquiring an additional 489 shares in the last quarter. Finally, Neo Ivy Capital Management acquired a new stake in shares of Light & Wonder in the 3rd quarter worth about $104,000. 88.08% of the stock is owned by institutional investors.

Light & Wonder Stock Down 0.3 %

Shares of NASDAQ LNW opened at $85.25 on Tuesday. Light & Wonder has a 1 year low of $77.65 and a 1 year high of $115.00. The company has a debt-to-equity ratio of 4.49, a current ratio of 1.88 and a quick ratio of 1.61. The firm has a market cap of $7.53 billion, a PE ratio of 26.48, a price-to-earnings-growth ratio of 0.55 and a beta of 1.73. The company has a 50 day simple moving average of $92.36 and a 200 day simple moving average of $98.61.

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.