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

Light & Wonder, Inc. (NASDAQ:LNW) has received a consensus recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $108.50.

A number of equities analysts recently commented on the stock. B. Riley started coverage on shares of Light & Wonder in a research report on Tuesday, October 8th. They set a “buy” rating and a $120.00 price target on the stock. Truist Financial dropped their price target 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. Jefferies Financial Group increased their price target on Light & Wonder from $120.00 to $121.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Benchmark restated a “buy” rating and set a $114.00 price objective on shares of Light & Wonder in a research note on Monday, January 27th. Finally, Craig Hallum raised Light & Wonder to a “strong-buy” rating in a report on Friday, October 4th.

Light & Wonder Stock Performance

Shares of LNW stock opened at $87.91 on Friday. Light & Wonder has a 52 week low of $79.22 and a 52 week high of $115.00. The company has a market capitalization of $7.76 billion, a price-to-earnings ratio of 27.30, a PEG ratio of 0.30 and a beta of 1.73. The company has a 50-day simple moving average of $89.98 and a 200 day simple moving average of $96.94. 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 Investors Weigh In On Light & Wonder

A number of institutional investors have recently modified their holdings of LNW. True Wealth Design LLC acquired a new stake in Light & Wonder during the third quarter worth approximately $28,000. Capital Performance Advisors LLP acquired a new stake in shares of Light & Wonder during the 3rd quarter worth approximately $29,000. R Squared Ltd bought a new stake in shares of Light & Wonder in the 4th quarter valued at $35,000. Quarry LP bought a new stake in shares of Light & Wonder in the 3rd quarter valued at $51,000. Finally, Blue Trust Inc. lifted its position in shares of Light & Wonder by 194.3% during the 4th quarter. Blue Trust Inc. now owns 718 shares of the company’s stock valued at $65,000 after acquiring an additional 474 shares during the period. 88.08% of the stock is owned by institutional investors.

About Light & Wonder

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.