Light & Wonder (NASDAQ:LNW) Given New $121.00 Price Target at Jefferies Financial Group

Light & Wonder (NASDAQ:LNW) had its target price hoisted by Jefferies Financial Group from $120.00 to $121.00 in a research note released on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Several other brokerages also recently commented on LNW. Craig Hallum upgraded Light & Wonder to a “strong-buy” rating in a research note on Friday, October 4th. B. Riley initiated coverage on Light & Wonder in a report on Tuesday, October 8th. They set a “buy” rating and a $120.00 price objective for the company. Truist Financial cut their target price on Light & Wonder from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. UBS Group upgraded shares of Light & Wonder from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 25th. Finally, Macquarie dropped their price objective on shares of Light & Wonder from $122.00 to $117.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 25th. One analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $108.50.

Light & Wonder Stock Up 0.9 %

Light & Wonder stock opened at $90.04 on Wednesday. The company has a quick ratio of 1.61, a current ratio of 1.88 and a debt-to-equity ratio of 4.49. The company has a market capitalization of $7.95 billion, a PE ratio of 27.96, a PEG ratio of 0.30 and a beta of 1.73. The firm’s fifty day moving average is $91.52 and its 200 day moving average is $98.17. Light & Wonder has a 12-month low of $79.22 and a 12-month high of $115.00.

Institutional Investors Weigh In On Light & Wonder

A number of institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC lifted its position in shares of Light & Wonder by 573.3% during the 2nd quarter. Millennium Management LLC now owns 579,340 shares of the company’s stock worth $60,761,000 after buying an additional 493,295 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in Light & Wonder in the second quarter worth $23,597,000. Intech Investment Management LLC bought a new position in Light & Wonder in the 2nd quarter valued at $1,620,000. Thrivent Financial for Lutherans increased its position in shares of Light & Wonder by 57.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 35,437 shares of the company’s stock valued at $3,716,000 after purchasing an additional 12,871 shares during the last quarter. Finally, Point72 DIFC Ltd bought a new stake in shares of Light & Wonder during the 2nd quarter worth $1,470,000. 88.08% of the stock is 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.