Light & Wonder, Inc. (NASDAQ:LNW) Receives $108.50 Average PT from Analysts

Shares of Light & Wonder, Inc. (NASDAQ:LNW) have been given an average recommendation of “Moderate Buy” by the fourteen brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $108.50.

Several brokerages recently commented on LNW. Benchmark reiterated a “buy” rating and set a $114.00 price target on shares of Light & Wonder in a research report on Monday, January 27th. Jefferies Financial Group upped their price target on Light & Wonder from $120.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Finally, Truist Financial reduced their target price on shares of Light & Wonder from $120.00 to $115.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. CIBC Asset Management Inc raised its holdings in Light & Wonder by 2.5% in the fourth quarter. CIBC Asset Management Inc now owns 5,901 shares of the company’s stock valued at $510,000 after acquiring an additional 146 shares in the last quarter. New York State Common Retirement Fund boosted its position in shares of Light & Wonder by 0.5% during the 4th quarter. New York State Common Retirement Fund now owns 40,250 shares of the company’s stock valued at $3,477,000 after purchasing an additional 200 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Light & Wonder by 1.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,559 shares of the company’s stock worth $1,775,000 after purchasing an additional 281 shares during the period. True Wealth Design LLC purchased a new stake in Light & Wonder during the third quarter valued at about $28,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Light & Wonder in the third quarter worth approximately $29,000. 88.08% of the stock is owned by institutional investors and hedge funds.

Light & Wonder Stock Down 0.2 %

LNW opened at $87.96 on Friday. The company has a market cap of $7.77 billion, a PE ratio of 27.32, a price-to-earnings-growth ratio of 0.30 and a beta of 1.72. Light & Wonder has a twelve month low of $83.91 and a twelve month high of $115.00. The company has a 50-day moving average price of $88.97 and a 200 day moving average price of $96.38. The company has a quick ratio of 1.61, a current ratio of 1.88 and a debt-to-equity ratio of 4.49.

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.