Analysts Set Light & Wonder, Inc. (NASDAQ:LNW) PT at $108.50

Shares of Light & Wonder, Inc. (NASDAQ:LNW - Get Free Report) have received an average recommendation of "Moderate Buy" from the fourteen analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $108.50.

A number of research firms have weighed in on LNW. Jefferies Financial Group lifted their target price on Light & Wonder from $120.00 to $121.00 and gave the company a "buy" rating in a report on Wednesday, January 15th. Benchmark reaffirmed a "buy" rating and set a $114.00 target price on shares of Light & Wonder in a report on Monday, January 27th. Truist Financial cut their price target on shares of Light & Wonder from $120.00 to $115.00 and set a "buy" rating for the company in a report on Wednesday, October 23rd. Finally, B. Riley started coverage on shares of Light & Wonder in a research report on Tuesday, October 8th. They set a "buy" rating and a $120.00 price target for the company.

Light & Wonder Stock Performance

Shares of NASDAQ LNW traded up $1.31 during mid-day trading on Friday, hitting $86.65. The company had a trading volume of 501,967 shares, compared to its average volume of 612,785. The stock's 50-day moving average price is $89.49 and its 200-day moving average price is $96.61. The company has a market capitalization of $7.65 billion, a price-to-earnings ratio of 26.91, a P/E/G ratio of 0.30 and a beta of 1.72. The company has a current ratio of 1.88, a quick ratio of 1.61 and a debt-to-equity ratio of 4.49. Light & Wonder has a 1 year low of $79.22 and a 1 year high of $115.00.

Institutional Investors Weigh In On Light & Wonder

A number of institutional investors have recently made changes to their positions in the business. True Wealth Design LLC bought a new position in Light & Wonder during the 3rd quarter worth approximately $28,000. Capital Performance Advisors LLP purchased a new stake in shares of Light & Wonder during the third quarter valued at approximately $29,000. R Squared Ltd bought a new position in shares of Light & Wonder in the fourth quarter worth approximately $35,000. Quarry LP purchased a new position in shares of Light & Wonder in the third quarter worth $51,000. Finally, Blue Trust Inc. raised its holdings in Light & Wonder by 194.3% during the 4th quarter. Blue Trust Inc. now owns 718 shares of the company's stock valued at $65,000 after buying an additional 474 shares during the last quarter. Hedge funds and other institutional investors own 88.08% of the company's stock.

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.