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

Light & Wonder, Inc. (NASDAQ:LNW) has received a consensus rating of “Moderate Buy” from the thirteen research firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, six have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $107.36.

Several research firms have recently commented on LNW. UBS Group upgraded Light & Wonder from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 25th. Truist Financial cut their price objective 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. Stifel Nicolaus lowered their target price on shares of Light & Wonder from $108.00 to $100.00 and set a “hold” rating on the stock in a report on Wednesday, September 25th. Macquarie cut their price target 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. Finally, B. Riley started coverage on Light & Wonder in a report on Tuesday, October 8th. They issued a “buy” rating and a $120.00 price objective on the stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. State Street Corp boosted its holdings in Light & Wonder by 2.2% in the third quarter. State Street Corp now owns 2,651,627 shares of the company’s stock valued at $240,582,000 after acquiring an additional 56,890 shares during the last quarter. FMR LLC lifted its stake in shares of Light & Wonder by 28.7% in the 3rd quarter. FMR LLC now owns 1,452,052 shares of the company’s stock valued at $131,745,000 after purchasing an additional 324,088 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Light & Wonder by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 802,922 shares of the company’s stock valued at $84,215,000 after purchasing an additional 12,317 shares in the last quarter. Millennium Management LLC grew its holdings 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 purchasing an additional 493,295 shares during the period. Finally, Wedge Capital Management L L P NC increased its position in Light & Wonder by 6.2% during the 3rd quarter. Wedge Capital Management L L P NC now owns 434,206 shares of the company’s stock worth $39,396,000 after purchasing an additional 25,284 shares in the last quarter. 88.08% of the stock is currently owned by hedge funds and other institutional investors.

Light & Wonder Price Performance

LNW stock opened at $85.54 on Tuesday. The company has a current ratio of 1.88, a quick ratio of 1.61 and a debt-to-equity ratio of 4.49. The company has a market capitalization of $7.55 billion, a P/E ratio of 26.57, a PEG ratio of 0.55 and a beta of 1.73. The business has a 50 day simple moving average of $92.54 and a 200-day simple moving average of $98.76. Light & Wonder has a twelve month low of $76.52 and a twelve month high of $115.00.

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.