Benchmark reaffirmed their buy rating on shares of Light & Wonder (NASDAQ:LNW - Free Report) in a report published on Wednesday,Benzinga reports. Benchmark currently has a $114.00 price target on the stock.
A number of other research analysts have also recently commented on LNW. Jefferies Financial Group raised their price target on Light & Wonder from $120.00 to $121.00 and gave the stock a "buy" rating in a research report on Wednesday, January 15th. Truist Financial decreased their price target on Light & Wonder from $120.00 to $115.00 and set a "buy" rating on the stock in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $109.25.
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Light & Wonder Price Performance
Shares of NASDAQ LNW traded down $3.06 during mid-day trading on Wednesday, reaching $101.83. The company had a trading volume of 762,544 shares, compared to its average volume of 692,455. The company has a debt-to-equity ratio of 4.49, a quick ratio of 1.61 and a current ratio of 1.88. Light & Wonder has a one year low of $84.00 and a one year high of $115.00. The firm has a market cap of $8.99 billion, a price-to-earnings ratio of 31.62, a PEG ratio of 0.36 and a beta of 1.72. The business's 50-day simple moving average is $89.47 and its 200 day simple moving average is $96.04.
Institutional Trading of Light & Wonder
Several hedge funds and other institutional investors have recently made changes to their positions in LNW. True Wealth Design LLC bought a new stake in shares of Light & Wonder during the third quarter worth about $28,000. Capital Performance Advisors LLP bought a new stake in shares of Light & Wonder during the third quarter worth about $29,000. R Squared Ltd bought a new stake in shares of Light & Wonder during the fourth quarter worth about $35,000. Quarry LP bought a new stake in shares of Light & Wonder during the third quarter worth about $51,000. Finally, Blue Trust Inc. grew its holdings in shares of Light & Wonder by 194.3% during the fourth quarter. Blue Trust Inc. now owns 718 shares of the company's stock worth $65,000 after purchasing an additional 474 shares during the last quarter. 88.08% of the stock is currently owned by institutional investors.
About Light & Wonder
(
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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.
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