Light & Wonder, Inc. (NASDAQ:LNW) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Light & Wonder, Inc. (NASDAQ:LNW) have received an average recommendation of “Moderate Buy” from the fourteen research firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $110.91.

Several analysts have issued reports on the company. Mizuho upped their price objective on Light & Wonder from $76.00 to $80.00 and gave the company an “underperform” rating in a research note on Wednesday, February 26th. Stifel Nicolaus raised their price objective on Light & Wonder from $90.00 to $104.00 and gave the stock a “hold” rating in a research note on Wednesday, February 19th. Citigroup upgraded shares of Light & Wonder from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 19th. Macquarie increased their target price on shares of Light & Wonder from $122.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Light & Wonder from $103.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th.

Light & Wonder Stock Performance

Shares of Light & Wonder stock opened at $103.67 on Friday. The firm has a market cap of $8.76 billion, a PE ratio of 32.20, a price-to-earnings-growth ratio of 0.35 and a beta of 1.59. Light & Wonder has a 1 year low of $84.00 and a 1 year high of $115.00. The firm’s 50-day simple moving average is $97.11 and its 200-day simple moving average is $95.93. The company has a debt-to-equity ratio of 4.49, a quick ratio of 1.61 and a current ratio of 1.88.

Insider Activity

In related news, CEO Siobhan Lane sold 3,784 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $105.37, for a total value of $398,720.08. Following the completion of the transaction, the chief executive officer now owns 21,254 shares in the company, valued at $2,239,533.98. This represents a 15.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Vanja Kalabic sold 1,132 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $104.41, for a total transaction of $118,192.12. Following the sale, the chief accounting officer now owns 5,016 shares in the company, valued at $523,720.56. This trade represents a 18.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,867 shares of company stock valued at $1,037,884. Insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. True Wealth Design LLC bought a new stake in Light & Wonder in the third quarter worth about $28,000. R Squared Ltd acquired a new position in shares of Light & Wonder in the 4th quarter worth approximately $35,000. Quarry LP bought a new stake in shares of Light & Wonder in the 3rd quarter worth approximately $51,000. Blue Trust Inc. lifted its stake in Light & Wonder by 194.3% during the fourth quarter. Blue Trust Inc. now owns 718 shares of the company’s stock valued at $65,000 after purchasing an additional 474 shares during the last quarter. Finally, Neo Ivy Capital Management bought a new stake in Light & Wonder during the third quarter worth approximately $104,000. 88.08% of the stock is currently owned by 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.