SciPlay (NASDAQ:SCPL) Stock Rating Lowered by Craig Hallum

SciPlay (NASDAQ:SCPL – Get Rating) was downgraded by equities research analysts at Craig Hallum from a “buy” rating to a “hold” rating in a research note issued on Thursday, The Fly reports.

Other equities research analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of SciPlay from $19.00 to $21.00 in a research report on Thursday, May 11th. Truist Financial increased their price objective on shares of SciPlay from $17.00 to $18.00 in a report on Thursday, March 2nd. The Goldman Sachs Group lifted their target price on SciPlay from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Thursday, January 19th. Stifel Nicolaus raised their price target on SciPlay from $18.00 to $19.00 in a report on Thursday, May 11th. Finally, JPMorgan Chase & Co. upped their price objective on SciPlay from $16.00 to $18.00 and gave the stock a “neutral” rating in a report on Friday, March 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $18.20.

SciPlay Stock Up 0.1 %

Shares of NASDAQ SCPL opened at $19.67 on Thursday. The firm’s 50-day moving average price is $16.95 and its 200-day moving average price is $16.22. The company has a market cap of $2.47 billion, a PE ratio of 19.87 and a beta of 0.40. SciPlay has a 52-week low of $10.60 and a 52-week high of $19.87.

SciPlay (NASDAQ:SCPL – Get Rating) last issued its quarterly earnings data on Wednesday, March 1st. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.01). SciPlay had a return on equity of 3.87% and a net margin of 3.36%. The business had revenue of $182.10 million during the quarter, compared to the consensus estimate of $177.59 million. As a group, equities research analysts anticipate that SciPlay will post 1.07 EPS for the current fiscal year.

Insider Transactions at SciPlay

In other news, CFO Daniel Oquinn sold 5,900 shares of the stock in a transaction dated Tuesday, March 14th. The shares were sold at an average price of $16.75, for a total transaction of $98,825.00. Following the sale, the chief financial officer now owns 2,402 shares of the company’s stock, valued at $40,233.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On SciPlay

Several hedge funds have recently added to or reduced their stakes in SCPL. JPMorgan Chase & Co. increased its stake in SciPlay by 841.1% in the first quarter. JPMorgan Chase & Co. now owns 30,520 shares of the company’s stock valued at $394,000 after purchasing an additional 27,277 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of SciPlay by 6.3% in the first quarter. Bank of New York Mellon Corp now owns 35,076 shares of the company’s stock valued at $453,000 after acquiring an additional 2,092 shares during the period. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of SciPlay by 7.6% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 24,271 shares of the company’s stock valued at $314,000 after acquiring an additional 1,715 shares during the period. Whitefort Capital Management LP boosted its holdings in shares of SciPlay by 139.9% in the first quarter. Whitefort Capital Management LP now owns 232,450 shares of the company’s stock valued at $3,003,000 after acquiring an additional 135,563 shares during the period. Finally, Gabelli Funds LLC acquired a new stake in shares of SciPlay in the first quarter valued at approximately $174,000. 17.64% of the stock is currently owned by hedge funds and other institutional investors.

SciPlay Company Profile

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SciPlay Corp. engages in the development and commercialization of games. It offers social casino games that include Jackpot Party Casino, Gold Fish Casino, Hot Shot Casino, Quick Hit Slots, Monopoly Slots, and 88 Fortunes Slots and casual games, which include Bingo Showdown, and Solitaire Pets Adventure.