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

Light & Wonder, Inc. (NASDAQ:LNW) has been given a consensus recommendation of “Moderate Buy” by the thirteen brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, six have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $107.36.

A number of equities analysts recently issued reports on the company. B. Riley began coverage on Light & Wonder in a report on Tuesday, October 8th. They issued a “buy” rating and a $120.00 target price on the stock. Susquehanna cut their price objective on Light & Wonder from $92.00 to $90.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. Stifel Nicolaus decreased their target price on shares of Light & Wonder from $108.00 to $100.00 and set a “hold” rating for the company in a report on Wednesday, September 25th. Craig Hallum upgraded shares of Light & Wonder to a “strong-buy” rating in a report on Friday, October 4th. Finally, Truist Financial decreased their price objective on shares of Light & Wonder from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd.

Light & Wonder Trading Down 0.1 %

Light & Wonder stock opened at $85.14 on Tuesday. The firm has a market cap of $7.52 billion, a price-to-earnings ratio of 26.44, a price-to-earnings-growth ratio of 0.55 and a beta of 1.73. Light & Wonder has a 1 year low of $77.65 and a 1 year high of $115.00. The firm’s 50 day moving average price is $92.17 and its two-hundred day moving average price is $98.43. The company has a debt-to-equity ratio of 4.49, a quick ratio of 1.61 and a current ratio of 1.88.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. True Wealth Design LLC bought a new position in shares of Light & Wonder during the 3rd quarter valued at $28,000. Capital Performance Advisors LLP bought a new position in Light & Wonder during the third quarter valued at about $29,000. Quarry LP bought a new position in Light & Wonder during the third quarter valued at about $51,000. GAMMA Investing LLC lifted 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 worth $81,000 after buying an additional 489 shares during the last quarter. Finally, Neo Ivy Capital Management bought a new stake in shares of Light & Wonder during the 3rd quarter worth about $104,000. Hedge funds and other institutional investors own 88.08% of the company’s stock.

About Light & Wonder

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.