Stifel Nicolaus Issues Positive Forecast for Light & Wonder (NASDAQ:LNW) Stock Price

Light & Wonder (NASDAQ:LNW) had its target price boosted by Stifel Nicolaus from $90.00 to $104.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The brokerage currently has a hold rating on the stock.

Other equities analysts have also recently issued research reports about the company. Truist Financial decreased their price target on Light & Wonder from $120.00 to $115.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Jefferies Financial Group upped their price target on Light & Wonder from $120.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Finally, Benchmark restated a “buy” rating and issued a $114.00 price target on shares of Light & Wonder in a report on Wednesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $109.25.

Light & Wonder Stock Down 2.9 %

LNW opened at $101.83 on Wednesday. The firm has a 50 day moving average price of $89.67 and a 200 day moving average price of $96.07. The company has a market cap of $8.99 billion, a PE ratio of 31.62, a price-to-earnings-growth ratio of 0.36 and a beta of 1.72. Light & Wonder has a 1 year low of $84.00 and a 1 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.

Institutional Trading of Light & Wonder

A number of hedge funds have recently made changes to their positions in LNW. Allspring Global Investments Holdings LLC acquired a new stake in shares of Light & Wonder during the third quarter worth approximately $108,000. Wealth Enhancement Advisory Services LLC acquired a new position in Light & Wonder in the third quarter worth $420,000. State of Alaska Department of Revenue boosted its holdings in Light & Wonder by 5.5% in the third quarter. State of Alaska Department of Revenue now owns 10,305 shares of the company’s stock worth $934,000 after purchasing an additional 535 shares during the period. New York State Teachers Retirement System boosted its holdings in Light & Wonder by 0.9% in the third quarter. New York State Teachers Retirement System now owns 84,365 shares of the company’s stock worth $7,654,000 after purchasing an additional 719 shares during the period. Finally, Iridian Asset Management LLC CT boosted its holdings in Light & Wonder by 12.1% in the third quarter. Iridian Asset Management LLC CT now owns 51,571 shares of the company’s stock worth $4,679,000 after purchasing an additional 5,570 shares during the period. Institutional investors and hedge funds 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.