Brokerages Set SciPlay Corp (NASDAQ:SCPL) PT at $19.31

Shares of SciPlay Corp (NASDAQ:SCPL) have received an average recommendation of “Buy” from the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $19.31.

A number of research firms recently issued reports on SCPL. Goldman Sachs Group set a $27.00 price objective on shares of Melco Resorts & Entertainment and gave the stock a “buy” rating in a report on Tuesday, May 28th. JPMorgan Chase & Co. began coverage on shares of TransMedics Group in a report on Tuesday, May 28th. They set an “overweight” rating and a $34.00 price objective for the company. Morgan Stanley decreased their price objective on shares of Foot Locker from $44.00 to $40.00 and set an “underweight” rating for the company in a report on Tuesday, May 28th. Royal Bank of Canada decreased their price objective on shares of Medtronic to $100.00 and set an “outperform” rating for the company in a report on Tuesday, May 28th. Finally, Deutsche Bank began coverage on shares of So-Young International in a report on Tuesday, May 28th. They set a “buy” rating for the company.

NASDAQ SCPL opened at $10.56 on Wednesday. SciPlay has a 52-week low of $10.16 and a 52-week high of $18.75. The stock’s 50-day moving average is $13.70.

In other SciPlay news, CEO Joshua J. Wilson bought 6,000 shares of SciPlay stock in a transaction dated Tuesday, May 7th. The stock was purchased at an average price of $16.00 per share, for a total transaction of $96,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director M. Mendel Pinson bought 5,000 shares of SciPlay stock in a transaction dated Tuesday, May 7th. The stock was acquired at an average price of $16.00 per share, with a total value of $80,000.00. The disclosure for this purchase can be found here. Insiders bought 1,089,209 shares of company stock valued at $16,316,181 in the last quarter.

A hedge fund recently bought a new stake in SciPlay stock. Alpine Global Management LLC bought a new position in SciPlay Corp (NASDAQ:SCPL) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 150,000 shares of the company’s stock, valued at approximately $2,057,000. SciPlay makes up approximately 0.6% of Alpine Global Management LLC’s investment portfolio, making the stock its 26th largest position. Alpine Global Management LLC owned 0.12% of SciPlay at the end of the most recent reporting period.

About SciPlay

SciPlay Corporation develops and publishes digital games on mobile and Web platforms. The company offers seven games, which include social casino games, such as Jackpot Party Casino, Gold Fish Casino, Hot Shot Casino, and Quick Hit Slots, as well as casual games comprising MONOPOLY Slots, Bingo Showdown, and 88 Fortunes Slots.

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Analyst Recommendations for SciPlay (NASDAQ:SCPL)

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