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

Shares of Light & Wonder, Inc. (NASDAQ:LNW) have received a consensus rating of “Moderate Buy” from the fourteen ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, seven have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $108.50.

A number of equities research analysts have recently weighed in on the stock. Truist Financial dropped their price objective on shares of Light & Wonder from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Jefferies Financial Group boosted their price target on Light & Wonder from $120.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Finally, Benchmark reiterated a “buy” rating and issued a $114.00 target price on shares of Light & Wonder in a research report on Monday, January 27th.

Light & Wonder Stock Down 0.2 %

NASDAQ:LNW opened at $87.96 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.61 and a debt-to-equity ratio of 4.49. Light & Wonder has a twelve month low of $83.91 and a twelve month high of $115.00. The company has a market cap of $7.77 billion, a PE ratio of 27.32, a P/E/G ratio of 0.30 and a beta of 1.72. The company’s 50 day moving average is $88.97 and its two-hundred day moving average is $96.38.

Institutional Trading of Light & Wonder

Hedge funds have recently added to or reduced their stakes in the company. Creative Planning raised its position in shares of Light & Wonder by 25.0% in the second quarter. Creative Planning now owns 20,953 shares of the company’s stock worth $2,198,000 after acquiring an additional 4,190 shares during the period. Point72 Asset Management L.P. purchased a new position in Light & Wonder during the second quarter worth approximately $542,000. Centaurus Financial Inc. boosted its position in Light & Wonder by 67.7% during the second quarter. Centaurus Financial Inc. now owns 3,167 shares of the company’s stock worth $332,000 after purchasing an additional 1,279 shares in the last quarter. SG Americas Securities LLC grew its holdings in Light & Wonder by 94.6% in the third quarter. SG Americas Securities LLC now owns 27,758 shares of the company’s stock valued at $2,518,000 after purchasing an additional 13,495 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of Light & Wonder by 120.1% in the third quarter. GAMMA Investing LLC now owns 896 shares of the company’s stock valued at $81,000 after buying an additional 489 shares in the last quarter. 88.08% of the stock is owned by hedge funds and other institutional investors.

Light & Wonder Company Profile

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.