Light & Wonder (NASDAQ:LNW) Given “Buy” Rating at Benchmark

Light & Wonder (NASDAQ:LNW)‘s stock had its “buy” rating reaffirmed by analysts at Benchmark in a note issued to investors on Monday,Benzinga reports. They presently have a $114.00 target price on the stock. Benchmark’s target price suggests a potential upside of 29.03% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Jefferies Financial Group raised their price objective on shares of Light & Wonder from $120.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. B. Riley assumed coverage on Light & Wonder in a research report on Tuesday, October 8th. They set a “buy” rating and a $120.00 price target for the company. Craig Hallum raised shares of Light & Wonder to a “strong-buy” rating in a research note on Friday, October 4th. Finally, Truist Financial decreased their price target 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. One analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.50.

Light & Wonder Trading Up 1.2 %

NASDAQ:LNW opened at $88.35 on Monday. Light & Wonder has a 1 year low of $79.22 and a 1 year high of $115.00. The company has a debt-to-equity ratio of 4.49, a quick ratio of 1.61 and a current ratio of 1.88. The stock has a fifty day moving average price of $90.34 and a two-hundred day moving average price of $97.20. The stock has a market capitalization of $7.80 billion, a price-to-earnings ratio of 27.44, a PEG ratio of 0.31 and a beta of 1.73.

Institutional Trading of Light & Wonder

A number of institutional investors and hedge funds have recently made changes to their positions in LNW. Iridian Asset Management LLC CT increased its position in shares of Light & Wonder by 94.3% in the fourth quarter. Iridian Asset Management LLC CT now owns 100,192 shares of the company’s stock worth $8,655,000 after acquiring an additional 48,621 shares in the last quarter. R Squared Ltd acquired a new stake in Light & Wonder in the 4th quarter valued at $35,000. KBC Group NV lifted its stake in shares of Light & Wonder by 57.3% during the fourth quarter. KBC Group NV now owns 3,609 shares of the company’s stock worth $312,000 after purchasing an additional 1,315 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Light & Wonder by 194.3% in the fourth quarter. Blue Trust Inc. now owns 718 shares of the company’s stock worth $65,000 after buying an additional 474 shares during the period. Finally, Exchange Traded Concepts LLC grew its stake in shares of Light & Wonder by 2.1% in the fourth quarter. Exchange Traded Concepts LLC now owns 21,858 shares of the company’s stock valued at $1,888,000 after buying an additional 458 shares in the last quarter. 88.08% of the stock is currently owned by institutional investors and hedge funds.

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.