Light & Wonder, Inc. (NASDAQ:LNW) Receives $107.36 Consensus Target Price from Analysts

Shares of Light & Wonder, Inc. (NASDAQ:LNW) have been assigned a consensus rating of “Moderate Buy” from the thirteen ratings firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, six have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $107.36.

A number of equities analysts have issued reports on LNW shares. Maxim Group assumed coverage on shares of Light & Wonder in a research report on Monday, August 26th. They set a “buy” rating and a $144.00 price target for the company. Macquarie reduced their target price on shares of Light & Wonder from $122.00 to $117.00 and set an “outperform” rating for the company in a report on Wednesday, September 25th. Susquehanna lowered their price target on shares of Light & Wonder from $92.00 to $90.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. Stifel Nicolaus cut their price target on Light & Wonder from $108.00 to $100.00 and set a “hold” rating on the stock in a research report on Wednesday, September 25th. Finally, Truist Financial decreased their price objective on Light & Wonder from $120.00 to $115.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd.

Institutional Trading of Light & Wonder

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Millennium Management LLC boosted its position in shares of Light & Wonder by 573.3% during the second 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 during the period. SG Americas Securities LLC raised its stake in shares of Light & Wonder by 121.6% in the second quarter. SG Americas Securities LLC now owns 14,263 shares of the company’s stock valued at $1,496,000 after acquiring an additional 7,828 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in Light & Wonder during the 2nd quarter worth $23,597,000. Intech Investment Management LLC acquired a new stake in Light & Wonder in the 2nd quarter valued at about $1,620,000. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Light & Wonder by 57.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 35,437 shares of the company’s stock valued at $3,716,000 after buying an additional 12,871 shares during the period. 88.08% of the stock is owned by institutional investors and hedge funds.

Light & Wonder Stock Down 1.9 %

LNW stock opened at $91.59 on Friday. The company has a quick ratio of 1.61, a current ratio of 1.88 and a debt-to-equity ratio of 4.49. Light & Wonder has a 52 week low of $76.52 and a 52 week high of $115.00. The stock has a market capitalization of $8.09 billion, a PE ratio of 28.44, a price-to-earnings-growth ratio of 0.55 and a beta of 1.71. The firm has a 50 day moving average of $95.59 and a 200 day moving average of $100.16.

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.