Brokerages Set Light & Wonder, Inc. (NASDAQ:LNW) PT at $107.36

Light & Wonder, Inc. (NASDAQ:LNW) has received an average recommendation of “Moderate Buy” from the thirteen analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, six have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $107.36.

A number of research analysts recently commented on the stock. Stifel Nicolaus dropped their target price on shares of Light & Wonder from $108.00 to $100.00 and set a “hold” rating on the stock in a research report on Wednesday, September 25th. Macquarie lowered their target price on shares of Light & Wonder from $122.00 to $117.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 25th. UBS Group raised shares of Light & Wonder from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 25th. Susquehanna decreased their target price on shares of Light & Wonder from $92.00 to $90.00 and set a “neutral” rating for the company in a research note on Tuesday, September 24th. Finally, Maxim Group initiated coverage on Light & Wonder in a research note on Monday, August 26th. They set a “buy” rating and a $144.00 price objective for the company.

Institutional Investors Weigh In On Light & Wonder

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

Light & Wonder Trading Down 1.9 %

LNW opened at $91.59 on Friday. The business’s 50-day simple moving average is $95.59 and its 200-day simple moving average is $100.16. The company has a market cap of $8.09 billion, a P/E ratio of 28.44, a PEG ratio of 0.55 and a beta of 1.71. Light & Wonder has a one year low of $76.52 and a one year high of $115.00. The company has a debt-to-equity ratio of 4.49, a quick ratio of 1.61 and a current ratio of 1.88.

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.