Light & Wonder (NASDAQ:LNW) Price Target Raised to $104.00

Light & Wonder (NASDAQ:LNW) had its price objective boosted by Stifel Nicolaus from $90.00 to $104.00 in a report released on Wednesday morning,Benzinga reports. They currently have a hold rating on the stock.

LNW has been the topic of several other reports. Benchmark reiterated a “buy” rating and issued a $114.00 price objective on shares of Light & Wonder in a research report on Wednesday. Truist Financial cut 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 note on Wednesday, October 23rd. Finally, Jefferies Financial Group boosted their target price on shares of Light & Wonder from $120.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $109.25.

Light & Wonder Price Performance

Light & Wonder stock opened at $101.83 on Wednesday. Light & Wonder has a 52 week low of $84.00 and a 52 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 firm’s 50-day simple moving average is $89.67 and its 200 day simple moving average is $96.07. The firm has a market capitalization of $8.99 billion, a PE ratio of 31.62, a P/E/G ratio of 0.36 and a beta of 1.72.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Algert Global LLC increased its stake in shares of Light & Wonder by 118.5% during the 3rd quarter. Algert Global LLC now owns 61,606 shares of the company’s stock valued at $5,590,000 after acquiring an additional 33,410 shares during the last quarter. Main Management ETF Advisors LLC acquired a new position in shares of Light & Wonder during the 3rd quarter valued at about $774,000. GSA Capital Partners LLP acquired a new position in shares of Light & Wonder during the 3rd quarter valued at about $725,000. State Street Corp increased its stake in shares of Light & Wonder by 2.2% during the 3rd 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 last quarter. Finally, BNP Paribas Financial Markets increased its position in Light & Wonder by 108.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,434 shares of the company’s stock worth $1,128,000 after purchasing an additional 6,472 shares in the last quarter. Institutional investors and hedge funds 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.