Light & Wonder, Inc. (NASDAQ:LNW) Given Consensus Recommendation of “Hold” by Analysts

Shares of Light & Wonder, Inc. (NASDAQ:LNW) have been given an average rating of “Hold” by the ten brokerages that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $108.20.

Several equities research analysts have recently weighed in on LNW shares. Truist Financial upped their price target on shares of Light & Wonder from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Benchmark reaffirmed a “buy” rating and set a $114.00 target price on shares of Light & Wonder in a research report on Thursday, August 8th. Stifel Nicolaus boosted their price target on Light & Wonder from $98.00 to $106.00 and gave the stock a “hold” rating in a research report on Tuesday, July 23rd. Deutsche Bank Aktiengesellschaft raised their price objective on Light & Wonder from $76.00 to $81.00 and gave the company a “hold” rating in a research report on Thursday, August 8th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Light & Wonder from $107.00 to $111.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Ashton Thomas Private Wealth LLC grew its holdings in shares of Light & Wonder by 1.6% during the first quarter. Ashton Thomas Private Wealth LLC now owns 8,653 shares of the company’s stock valued at $883,000 after buying an additional 133 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Light & Wonder by 59.6% in the second quarter. GAMMA Investing LLC now owns 407 shares of the company’s stock worth $43,000 after purchasing an additional 152 shares during the last quarter. QRG Capital Management Inc. raised its stake in shares of Light & Wonder by 2.2% in the second quarter. QRG Capital Management Inc. now owns 10,046 shares of the company’s stock worth $1,054,000 after purchasing an additional 218 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its position in Light & Wonder by 5.9% in the first quarter. O Shaughnessy Asset Management LLC now owns 4,321 shares of the company’s stock valued at $441,000 after buying an additional 242 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in Light & Wonder by 44.1% in the 4th quarter. Quadrant Capital Group LLC now owns 869 shares of the company’s stock worth $71,000 after buying an additional 266 shares during the period. Institutional investors and hedge funds own 88.08% of the company’s stock.

Light & Wonder Trading Up 0.8 %

LNW opened at $106.79 on Wednesday. The company has a quick ratio of 1.58, a current ratio of 1.85 and a debt-to-equity ratio of 4.90. The stock’s fifty day moving average is $105.04 and its two-hundred day moving average is $100.03. The company has a market capitalization of $9.63 billion, a P/E ratio of 44.31, a PEG ratio of 0.44 and a beta of 1.77. Light & Wonder has a 52 week low of $67.71 and a 52 week high of $111.00.

Light & Wonder (NASDAQ:LNW) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.14). Light & Wonder had a net margin of 9.92% and a return on equity of 40.51%. The firm had revenue of $818.00 million during the quarter, compared to the consensus estimate of $798.09 million. During the same quarter in the previous year, the firm earned $1.02 earnings per share. The business’s revenue was up 11.9% compared to the same quarter last year. Analysts forecast that Light & Wonder will post 4.44 earnings per share for the current year.

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.