Brokerages Set Light & Wonder, Inc. (NASDAQ:LNW) Target Price at $110.91

Light & Wonder, Inc. (NASDAQ:LNW - Get Free Report) has been given a consensus rating of "Moderate Buy" by the fourteen brokerages that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $110.91.

Several analysts have issued reports on LNW shares. Benchmark raised their price target on shares of Light & Wonder from $114.00 to $130.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Citigroup raised Light & Wonder from a "neutral" rating to a "buy" rating in a research report on Wednesday, February 19th. Mizuho boosted their price target on Light & Wonder from $76.00 to $80.00 and gave the company an "underperform" rating in a research note on Wednesday, February 26th. Macquarie raised their price objective on Light & Wonder from $122.00 to $125.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 26th. Finally, Stifel Nicolaus boosted their price objective on Light & Wonder from $90.00 to $104.00 and gave the company a "hold" rating in a research report on Wednesday, February 19th.

Insider Transactions at Light & Wonder

In other Light & Wonder news, VP James Sottile sold 2,356 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $105.54, for a total transaction of $248,652.24. Following the sale, the vice president now directly owns 77,331 shares of the company's stock, valued at approximately $8,161,513.74. This represents a 2.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Vanja Kalabic sold 1,132 shares of Light & Wonder stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now owns 5,016 shares of the company's stock, valued at $523,720.56. This trade represents a 18.41 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,867 shares of company stock valued at $1,037,884. 2.10% of the stock is owned by insiders.

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Hedge Funds Weigh In On Light & Wonder

A number of institutional investors and hedge funds have recently bought and sold shares of the business. True Wealth Design LLC bought a new position in shares of Light & Wonder in the third quarter valued at about $28,000. R Squared Ltd bought a new position in shares of Light & Wonder in the fourth quarter worth about $35,000. Quarry LP acquired a new position in shares of Light & Wonder during the third quarter worth approximately $51,000. Blue Trust Inc. grew its stake in shares of Light & Wonder by 194.3% during the fourth quarter. Blue Trust Inc. now owns 718 shares of the company's stock valued at $65,000 after purchasing an additional 474 shares during the last quarter. Finally, Neo Ivy Capital Management acquired a new stake in shares of Light & Wonder in the third quarter valued at approximately $104,000. Institutional investors and hedge funds own 88.08% of the company's stock.

Light & Wonder Stock Performance

Shares of LNW stock traded down $1.87 during trading hours on Friday, reaching $105.62. 264,076 shares of the company's stock were exchanged, compared to its average volume of 704,995. Light & Wonder has a fifty-two week low of $84.00 and a fifty-two week high of $115.00. The company has a quick ratio of 1.61, a current ratio of 1.88 and a debt-to-equity ratio of 4.49. The stock has a market capitalization of $8.92 billion, a P/E ratio of 32.80, a P/E/G ratio of 0.35 and a beta of 1.59. The business has a fifty day moving average price of $97.97 and a 200-day moving average price of $95.86.

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.