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

Shares of Light & Wonder, Inc. (NASDAQ:LNW) have been assigned a consensus rating of “Moderate Buy” from the fifteen analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $109.25.

LNW has been the subject of a number of recent analyst reports. Stifel Nicolaus lifted their price target on shares of Light & Wonder from $90.00 to $104.00 and gave the stock a “hold” rating in a research note on Wednesday, February 19th. Macquarie lifted their price target on shares of Light & Wonder from $117.00 to $122.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Citigroup raised shares of Light & Wonder from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 19th. Benchmark reaffirmed a “buy” rating and set a $114.00 price target on shares of Light & Wonder in a research note on Wednesday, February 19th. Finally, Jefferies Financial Group lifted their price target on shares of Light & Wonder from $120.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th.

Light & Wonder Stock Performance

Shares of NASDAQ:LNW opened at $101.63 on Wednesday. Light & Wonder has a 52 week low of $84.00 and a 52 week high of $115.00. The stock has a market capitalization of $8.97 billion, a P/E ratio of 31.56, a PEG ratio of 0.35 and a beta of 1.72. The firm has a fifty day simple moving average of $90.10 and a two-hundred day simple moving average of $95.99. The company has a quick ratio of 1.61, a current ratio of 1.88 and a debt-to-equity ratio of 4.49.

Institutional Investors Weigh In On Light & Wonder

Several large investors have recently modified their holdings of LNW. Burgundy Asset Management Ltd. raised its stake in shares of Light & Wonder by 2.0% during the 4th quarter. Burgundy Asset Management Ltd. now owns 1,472,538 shares of the company’s stock worth $127,198,000 after acquiring an additional 28,358 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Light & Wonder by 13.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 235,411 shares of the company’s stock worth $20,335,000 after acquiring an additional 28,560 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Light & Wonder by 1,752.9% during the 4th quarter. Royal Bank of Canada now owns 157,073 shares of the company’s stock worth $13,568,000 after acquiring an additional 148,596 shares in the last quarter. ProShare Advisors LLC raised its stake in shares of Light & Wonder by 6.8% during the 4th quarter. ProShare Advisors LLC now owns 4,131 shares of the company’s stock worth $357,000 after acquiring an additional 263 shares in the last quarter. Finally, Nomura Holdings Inc. raised its stake in shares of Light & Wonder by 16.5% during the 4th quarter. Nomura Holdings Inc. now owns 31,022 shares of the company’s stock worth $2,680,000 after acquiring an additional 4,391 shares in the last quarter. Institutional investors own 88.08% of the company’s stock.

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.