Light & Wonder, Inc. (NASDAQ:LNW - Get Free Report) shot up 10.5% during trading on Monday . The company traded as high as $97.72 and last traded at $97.17. 197,002 shares changed hands during trading, a decline of 66% from the average session volume of 584,467 shares. The stock had previously closed at $87.96.
Analysts Set New Price Targets
A number of equities analysts have weighed in on LNW shares. Benchmark reiterated a "buy" rating and set a $114.00 target price on shares of Light & Wonder in a research report on Monday, January 27th. Jefferies Financial Group upped their price target on shares of Light & Wonder from $120.00 to $121.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th. Finally, Truist Financial dropped their target price on shares of Light & Wonder from $120.00 to $115.00 and set a "buy" rating for the company in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $108.50.
Read Our Latest Stock Report on LNW
Light & Wonder Stock Up 3.5 %
The business's fifty day moving average price is $88.77 and its two-hundred day moving average price is $96.17. 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 firm has a market capitalization of $8.64 billion, a P/E ratio of 30.38, a PEG ratio of 0.30 and a beta of 1.72.
Institutional Trading of Light & Wonder
A number of hedge funds have recently added to or reduced their stakes in the company. Algert Global LLC lifted its holdings in Light & Wonder by 118.5% in the 3rd quarter. Algert Global LLC now owns 61,606 shares of the company's stock valued at $5,590,000 after purchasing an additional 33,410 shares in the last quarter. Main Management ETF Advisors LLC acquired a new position in shares of Light & Wonder in the third quarter worth $774,000. GSA Capital Partners LLP acquired a new stake in Light & Wonder in the third quarter valued at $725,000. State Street Corp boosted its stake in Light & Wonder by 2.2% in the third quarter. State Street Corp now owns 2,651,627 shares of the company's stock valued at $240,582,000 after acquiring an additional 56,890 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in Light & Wonder by 108.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,434 shares of the company's stock valued at $1,128,000 after acquiring an additional 6,472 shares during the last quarter. 88.08% of the stock is owned by hedge funds and other institutional investors.
About Light & Wonder
(
Get Free Report)
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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