Light & Wonder (NASDAQ:LNW) Coverage Initiated by Analysts at Mizuho

Mizuho started coverage on shares of Light & Wonder (NASDAQ:LNWFree Report) in a research report report published on Tuesday, Marketbeat reports. The brokerage issued an underperform rating and a $83.00 price target on the stock.

A number of other research firms have also recently weighed in on LNW. Susquehanna increased their price objective on shares of Light & Wonder from $100.00 to $111.00 and gave the stock a positive rating in a report on Wednesday, February 28th. Benchmark assumed coverage on shares of Light & Wonder in a research note on Tuesday, January 16th. They set a buy rating and a $92.00 target price on the stock. Macquarie raised their target price on shares of Light & Wonder from $100.00 to $115.00 and gave the company an outperform rating in a research note on Wednesday, February 28th. Stifel Nicolaus restated a hold rating and set a $103.00 price objective (up previously from $97.00) on shares of Light & Wonder in a research report on Thursday, March 14th. Finally, Redburn Atlantic lowered shares of Light & Wonder from a buy rating to a neutral rating and raised their price objective for the company from $105.00 to $110.00 in a research report on Monday, March 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $96.75.

Check Out Our Latest Research Report on Light & Wonder

Light & Wonder Stock Down 1.6 %

LNW stock opened at $104.50 on Tuesday. The company has a quick ratio of 1.63, a current ratio of 1.88 and a debt-to-equity ratio of 5.04. Light & Wonder has a fifty-two week low of $55.56 and a fifty-two week high of $108.90. The firm’s 50-day simple moving average is $92.04 and its 200 day simple moving average is $83.84. The stock has a market cap of $9.39 billion, a PE ratio of 59.38 and a beta of 1.77.

Light & Wonder (NASDAQ:LNWGet Free Report) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.03). Light & Wonder had a return on equity of 23.68% and a net margin of 5.58%. The firm had revenue of $770.00 million during the quarter, compared to analyst estimates of $748.30 million. During the same period last year, the business earned $0.12 EPS. The firm’s revenue was up 12.9% on a year-over-year basis. As a group, sell-side analysts predict that Light & Wonder will post 3.77 EPS for the current year.

Insider Activity at Light & Wonder

In related news, CAO Vanja Kalabic sold 1,149 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $100.72, for a total transaction of $115,727.28. Following the transaction, the chief accounting officer now owns 1,600 shares of the company’s stock, valued at $161,152. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CAO Vanja Kalabic sold 1,149 shares of Light & Wonder stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $100.72, for a total value of $115,727.28. Following the transaction, the chief accounting officer now owns 1,600 shares of the company’s stock, valued at $161,152. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Siobhan Lane sold 3,566 shares of Light & Wonder stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $100.73, for a total transaction of $359,203.18. Following the completion of the transaction, the chief executive officer now directly owns 11,302 shares in the company, valued at approximately $1,138,450.46. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,537 shares of company stock valued at $760,427. 2.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Light & Wonder

A number of institutional investors have recently modified their holdings of LNW. Vanguard Group Inc. acquired a new stake in shares of Light & Wonder in the third quarter worth $389,375,000. State Street Corp acquired a new stake in shares of Light & Wonder in the third quarter worth $128,003,000. Norges Bank acquired a new stake in Light & Wonder during the fourth quarter worth $124,523,000. Alliancebernstein L.P. acquired a new stake in Light & Wonder during the third quarter worth $36,277,000. Finally, Balyasny Asset Management L.P. boosted its stake in Light & Wonder by 3,232.2% during the first quarter. Balyasny Asset Management L.P. now owns 522,860 shares of the company’s stock worth $31,398,000 after buying an additional 507,169 shares in the last quarter. Institutional investors own 88.08% of the company’s stock.

Light & Wonder Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Light & Wonder (NASDAQ:LNW)

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