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

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

A number of analysts have recently weighed in on the stock. Truist Financial cut their price objective on shares of Light & Wonder from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. B. Riley initiated coverage on Light & Wonder in a research note on Tuesday, October 8th. They set a “buy” rating and a $120.00 price objective for the company. UBS Group raised Light & Wonder from a “neutral” rating to a “buy” rating in a report on Wednesday, September 25th. Craig Hallum raised Light & Wonder to a “strong-buy” rating in a report on Friday, October 4th. Finally, Macquarie decreased their price target on Light & Wonder from $122.00 to $117.00 and set an “outperform” rating for the company in a report on Wednesday, September 25th.

Light & Wonder Stock Up 0.2 %

NASDAQ:LNW opened at $86.09 on Tuesday. The company has a current ratio of 1.88, a quick ratio of 1.61 and a debt-to-equity ratio of 4.49. Light & Wonder has a twelve month low of $76.52 and a twelve month high of $115.00. The company has a market cap of $7.60 billion, a PE ratio of 26.74, a P/E/G ratio of 0.55 and a beta of 1.73. The company’s 50 day moving average is $93.10 and its two-hundred day moving average is $99.06.

Institutional Investors Weigh In On Light & Wonder

Institutional investors have recently made changes to their positions in the stock. True Wealth Design LLC acquired a new position in Light & Wonder in the 3rd quarter valued at about $28,000. Capital Performance Advisors LLP acquired a new position in shares of Light & Wonder in the third quarter valued at approximately $29,000. Quarry LP purchased a new stake in Light & Wonder during the 3rd quarter worth approximately $51,000. GAMMA Investing LLC lifted its holdings in Light & Wonder by 120.1% during the 3rd quarter. GAMMA Investing LLC now owns 896 shares of the company’s stock worth $81,000 after buying an additional 489 shares in the last quarter. Finally, Neo Ivy Capital Management purchased a new position in Light & Wonder in the 3rd quarter valued at approximately $104,000. 88.08% of the stock is currently owned by institutional investors and hedge funds.

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.