Analysts Set Light & Wonder, Inc. (NASDAQ:LNW) Price Target at $107.36

Light & Wonder, Inc. (NASDAQ:LNW) has been assigned a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have given 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 analysts that have issued ratings on the stock in the last year is $107.36.

LNW has been the topic of a number of recent analyst reports. Macquarie lowered 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. B. Riley initiated coverage on shares of Light & Wonder in a research report on Tuesday, October 8th. They issued a “buy” rating and a $120.00 price objective on the stock. Truist Financial reduced their target price on shares of Light & Wonder from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Susquehanna lowered their price target on shares of Light & Wonder from $92.00 to $90.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. Finally, Maxim Group began coverage on Light & Wonder in a report on Monday, August 26th. They set a “buy” rating and a $144.00 price objective for the company.

Light & Wonder Stock Performance

Shares of Light & Wonder stock opened at $89.80 on Friday. The firm has a market capitalization of $7.93 billion, a P/E ratio of 27.89, a price-to-earnings-growth ratio of 0.55 and a beta of 1.71. 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 business’s fifty day simple moving average is $95.40 and its 200 day simple moving average is $100.11. Light & Wonder has a 12 month low of $76.52 and a 12 month high of $115.00.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in LNW. Tidal Investments LLC boosted its holdings in Light & Wonder by 18.0% in 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 period. Sanctuary Advisors LLC bought a new stake in Light & Wonder during the third quarter valued at $222,000. Neo Ivy Capital Management purchased a new position in Light & Wonder during the third quarter worth about $104,000. Barclays PLC increased its stake 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 acquiring an additional 131,486 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of Light & Wonder by 2.3% in 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 in the last quarter. Hedge funds and other institutional investors own 88.08% of the company’s stock.

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.