Brokerages Set Light & Wonder, Inc. (NASDAQ:LNW) Target Price at $109.91

Light & Wonder, Inc. (NASDAQ:LNW - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the fourteen research firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, eight have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $109.91.

A number of equities research analysts recently commented on the company. Stifel Nicolaus lowered their price target on Light & Wonder from $104.00 to $93.00 and set a "hold" rating for the company in a research report on Thursday, April 3rd. Jefferies Financial Group increased their target price on shares of Light & Wonder from $120.00 to $121.00 and gave the company a "buy" rating in a report on Wednesday, January 15th. JPMorgan Chase & Co. boosted their price target on shares of Light & Wonder from $103.00 to $110.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Mizuho increased their price objective on shares of Light & Wonder from $76.00 to $80.00 and gave the company an "underperform" rating in a research note on Wednesday, February 26th. Finally, Benchmark boosted their target price on Light & Wonder from $114.00 to $130.00 and gave the stock a "buy" rating in a research note on Friday, February 28th.

Light & Wonder Stock Up 2.0 %

LNW traded up $1.60 during midday trading on Thursday, reaching $79.96. 773,992 shares of the company were exchanged, compared to its average volume of 770,936. Light & Wonder has a one year low of $75.46 and a one year high of $115.00. The company has a debt-to-equity ratio of 4.49, a quick ratio of 1.61 and a current ratio of 1.88. The company's fifty day moving average price is $95.90 and its 200 day moving average price is $93.33. The company has a market cap of $6.75 billion, a price-to-earnings ratio of 24.83, a price-to-earnings-growth ratio of 0.35 and a beta of 1.38.

Insider Transactions at Light & Wonder

In other Light & Wonder news, CAO Vanja Kalabic sold 1,132 shares of the business's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $104.41, for a total transaction of $118,192.12. Following the sale, the chief accounting officer now owns 5,016 shares of the company's stock, valued at $523,720.56. The trade was a 18.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Oliver Chow sold 2,595 shares of the firm's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $104.94, for a total value of $272,319.30. Following the completion of the transaction, the chief financial officer now directly owns 3,695 shares of the company's stock, valued at $387,753.30. The trade was a 41.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,867 shares of company stock worth $1,037,884. 2.10% of the stock is owned by company insiders.

Institutional Trading of Light & Wonder

A number of institutional investors have recently added to or reduced their stakes in LNW. FNY Investment Advisers LLC bought a new stake in shares of Light & Wonder during the first quarter valued at about $909,000. Wealth Enhancement Advisory Services LLC increased its holdings in Light & Wonder by 63.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,191 shares of the company's stock worth $363,000 after acquiring an additional 1,632 shares during the period. Simon Quick Advisors LLC lifted its stake in Light & Wonder by 2.9% in the 1st quarter. Simon Quick Advisors LLC now owns 4,752 shares of the company's stock worth $412,000 after purchasing an additional 136 shares in the last quarter. CX Institutional bought a new position in Light & Wonder in the 1st quarter valued at $87,000. Finally, SG Americas Securities LLC grew its position in shares of Light & Wonder by 89.5% during the 1st quarter. SG Americas Securities LLC now owns 8,047 shares of the company's stock valued at $697,000 after purchasing an additional 3,800 shares in the last quarter. Hedge funds and other institutional investors own 88.08% of the company's stock.

About Light & Wonder

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.