Light & Wonder (NASDAQ:LNW) Price Target Raised to $121.00

Light & Wonder (NASDAQ:LNW) had its price target upped by Jefferies Financial Group from $120.00 to $121.00 in a research note published on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts have also weighed in on LNW. Stifel Nicolaus lowered their price target on shares of Light & Wonder from $108.00 to $100.00 and set a “hold” rating for the company in a report on Wednesday, September 25th. Truist Financial lowered their target price on Light & Wonder from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Susquehanna decreased their price target on Light & Wonder from $92.00 to $90.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. Macquarie dropped their price objective on Light & Wonder from $122.00 to $117.00 and set an “outperform” rating for the company in a report on Wednesday, September 25th. Finally, Craig Hallum upgraded Light & Wonder to a “strong-buy” rating in a research report on Friday, October 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $108.50.

Light & Wonder Stock Up 2.4 %

Shares of NASDAQ:LNW opened at $88.91 on Wednesday. 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 firm has a market cap of $7.85 billion, a P/E ratio of 27.61, a P/E/G ratio of 0.30 and a beta of 1.73. Light & Wonder has a 12 month low of $77.65 and a 12 month high of $115.00. The company’s 50-day moving average price is $91.99 and its two-hundred day moving average price is $98.30.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp boosted its position in shares of 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 during the period. FMR LLC boosted its holdings in Light & Wonder by 28.7% in the 3rd quarter. FMR LLC now owns 1,452,052 shares of the company’s stock valued at $131,745,000 after purchasing an additional 324,088 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Light & Wonder by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 802,922 shares of the company’s stock worth $84,215,000 after purchasing an additional 12,317 shares during the period. Millennium Management LLC boosted its stake in shares of Light & Wonder by 573.3% in the second quarter. Millennium Management LLC now owns 579,340 shares of the company’s stock valued at $60,761,000 after buying an additional 493,295 shares during the period. Finally, Wedge Capital Management L L P NC increased its stake in Light & Wonder by 6.2% during the 3rd quarter. Wedge Capital Management L L P NC now owns 434,206 shares of the company’s stock worth $39,396,000 after acquiring an additional 25,284 shares during the period. 88.08% of the stock is owned by institutional investors and hedge funds.

Light & Wonder Company Profile

Light & Wonder, Inc operates as a cross-platform games company in the United States and internationally. The company operates through three segments: Gaming, SciPlay, and iGaming segments. The Gaming segment sells game content and gaming machine; video gaming terminals; video lottery terminals, including conversion kits and spare parts; and table products, including automatic card shufflers, deck checkers, table roulette chip sorters and other land-based table gaming equipment.