Light & Wonder (NASDAQ:LNW) Price Target Raised to $130.00 at Benchmark

Light & Wonder (NASDAQ:LNW - Free Report) had its target price lifted by Benchmark from $114.00 to $130.00 in a research note released on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also issued reports on the company. Mizuho lifted their price target on Light & Wonder from $76.00 to $80.00 and gave the stock an "underperform" rating in a research report on Wednesday, February 26th. Citigroup raised shares of Light & Wonder from a "neutral" rating to a "buy" rating in a report on Wednesday, February 19th. JPMorgan Chase & Co. increased their price target on shares of Light & Wonder from $103.00 to $110.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Stifel Nicolaus raised their price target on shares of Light & Wonder from $90.00 to $104.00 and gave the company a "hold" rating in a research report on Wednesday, February 19th. Finally, Jefferies Financial Group upped their price objective on Light & Wonder from $120.00 to $121.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $110.83.

Light & Wonder Stock Down 1.6 %

NASDAQ:LNW traded down $1.83 during trading hours on Friday, reaching $109.65. 646,036 shares of the company traded hands, compared to its average volume of 740,146. The company has a current ratio of 1.88, a quick ratio of 1.61 and a debt-to-equity ratio of 4.49. The business's 50-day moving average price is $92.03 and its two-hundred day moving average price is $96.23. Light & Wonder has a 1 year low of $84.00 and a 1 year high of $115.00. The stock has a market capitalization of $9.26 billion, a P/E ratio of 34.05, a P/E/G ratio of 0.35 and a beta of 1.72.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of Light & Wonder during the 3rd quarter valued at about $108,000. Wealth Enhancement Advisory Services LLC bought a new stake in Light & Wonder during the third quarter valued at approximately $420,000. State of Alaska Department of Revenue increased its holdings in Light & Wonder by 5.5% during the third quarter. State of Alaska Department of Revenue now owns 10,305 shares of the company's stock valued at $934,000 after buying an additional 535 shares during the last quarter. New York State Teachers Retirement System raised its position in Light & Wonder by 0.9% in the third quarter. New York State Teachers Retirement System now owns 84,365 shares of the company's stock worth $7,654,000 after acquiring an additional 719 shares during the period. Finally, QRG Capital Management Inc. boosted its stake in shares of Light & Wonder by 6.0% during the 3rd quarter. QRG Capital Management Inc. now owns 10,646 shares of the company's stock worth $966,000 after acquiring an additional 600 shares during the last quarter. 88.08% of the stock is owned by hedge funds and other institutional investors.

Light & Wonder Company Profile

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.