SciPlay (NASDAQ:SCPL) Cut to “C+” at TheStreet

TheStreet downgraded shares of SciPlay (NASDAQ:SCPLGet Rating) from a b- rating to a c+ rating in a report released on Tuesday morning, TheStreetRatingsTable reports.

Several other analysts also recently commented on the stock. Bank of America restated an underperform rating and set a $10.00 price objective on shares of SciPlay in a research report on Tuesday, August 23rd. HC Wainwright cut their target price on shares of SciPlay to $13.50 and set an equal weight rating for the company in a research note on Tuesday, May 17th. Wedbush raised shares of SciPlay from a neutral rating to an outperform rating and raised their target price for the company from $14.50 to $17.00 in a research note on Friday, June 10th. Deutsche Bank Aktiengesellschaft cut their target price on shares of SciPlay from $17.00 to $16.00 in a research note on Monday, August 8th. Finally, Morgan Stanley cut their target price on shares of SciPlay from $13.50 to $12.50 and set an equal weight rating for the company in a research note on Wednesday, September 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $15.78.

SciPlay Price Performance

Shares of SCPL stock opened at $11.28 on Tuesday. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 15.24 and a beta of 0.26. SciPlay has a one year low of $10.75 and a one year high of $22.29. The company’s fifty day moving average price is $12.68 and its 200-day moving average price is $13.03.

SciPlay (NASDAQ:SCPLGet Rating) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. The firm had revenue of $160.10 million for the quarter, compared to the consensus estimate of $163.62 million. SciPlay had a net margin of 2.94% and a return on equity of 6.91%. Equities research analysts expect that SciPlay will post 0.96 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SciPlay

A number of large investors have recently made changes to their positions in the company. Lazard Asset Management LLC boosted its stake in shares of SciPlay by 42.1% during the 4th quarter. Lazard Asset Management LLC now owns 3,186 shares of the company’s stock worth $43,000 after purchasing an additional 944 shares during the period. Fuller & Thaler Asset Management Inc. boosted its stake in shares of SciPlay by 7.6% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 24,271 shares of the company’s stock worth $314,000 after purchasing an additional 1,715 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of SciPlay by 6.3% during the 1st quarter. Bank of New York Mellon Corp now owns 35,076 shares of the company’s stock worth $453,000 after purchasing an additional 2,092 shares during the period. Insight Wealth Strategies LLC lifted its holdings in SciPlay by 10.1% during the 1st quarter. Insight Wealth Strategies LLC now owns 37,987 shares of the company’s stock valued at $491,000 after buying an additional 3,486 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in SciPlay by 14.5% during the 4th quarter. First Trust Advisors LP now owns 39,803 shares of the company’s stock valued at $548,000 after buying an additional 5,050 shares in the last quarter. 17.66% of the stock is owned by hedge funds and other institutional investors.

SciPlay Company Profile

(Get Rating)

SciPlay Corporation develops, markets, and operates a portfolio of social games for mobile and web platforms in North America and internationally. It offers social casino games, such as Jackpot Party Casino, Gold Fish Casino, Quick Hit Slots, 88 Fortunes Slots, MONOPOLY Slots, and Hot Shot Casino, as well as casual games comprising Bingo Showdown, Solitaire Pets Adventure, and Backgammon Live.

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Analyst Recommendations for SciPlay (NASDAQ:SCPL)

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