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

Light & Wonder, Inc. (NASDAQ:LNW) has been assigned an average rating of “Moderate Buy” from the thirteen brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $107.36.

LNW has been the topic of several research reports. Macquarie decreased their price target 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. UBS Group upgraded shares of Light & Wonder from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 25th. Susquehanna dropped their price target on shares of Light & Wonder from $92.00 to $90.00 and set a “neutral” rating for the company in a research report on Tuesday, September 24th. Maxim Group began coverage on Light & Wonder in a research note on Monday, August 26th. They issued a “buy” rating and a $144.00 price target for the company. Finally, B. Riley began coverage on Light & Wonder in a research note on Tuesday, October 8th. They set a “buy” rating and a $120.00 price objective on the stock.

Light & Wonder Stock Performance

Shares of NASDAQ LNW opened at $86.54 on Friday. The company has a debt-to-equity ratio of 4.49, a current ratio of 1.88 and a quick ratio of 1.61. The firm has a market cap of $7.64 billion, a price-to-earnings ratio of 26.88, a P/E/G ratio of 0.55 and a beta of 1.71. The stock’s fifty day moving average price is $95.04 and its two-hundred day moving average price is $99.92. Light & Wonder has a one year low of $76.52 and a one year high of $115.00.

Institutional Trading of Light & Wonder

Several large investors have recently bought and sold shares of the business. SG Americas Securities LLC lifted its stake in Light & Wonder by 121.6% in the 2nd quarter. SG Americas Securities LLC now owns 14,263 shares of the company’s stock valued at $1,496,000 after purchasing an additional 7,828 shares during the last quarter. Raymond James & Associates lifted its stake in shares of Light & Wonder by 2.9% in the 2nd quarter. Raymond James & Associates now owns 14,056 shares of the company’s stock valued at $1,474,000 after acquiring an additional 400 shares during the last quarter. Ninety One UK Ltd boosted its holdings in shares of Light & Wonder by 128.0% during the 2nd quarter. Ninety One UK Ltd now owns 910,298 shares of the company’s stock valued at $95,472,000 after acquiring an additional 511,081 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Light & Wonder by 6.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,278 shares of the company’s stock worth $2,022,000 after acquiring an additional 1,236 shares during the last quarter. Finally, Maryland State Retirement & Pension System acquired a new position in Light & Wonder in the 2nd quarter worth about $737,000. 88.08% of the stock is owned by institutional investors and hedge funds.

About Light & Wonder

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.