Insider Selling: SciPlay Co. (NASDAQ:SCPL) CFO Sells 5,900 Shares of Stock

SciPlay Co. (NASDAQ:SCPL – Get Rating) CFO Daniel Oquinn sold 5,900 shares of the stock in a transaction on Tuesday, March 14th. The stock was sold at an average price of $16.75, for a total value of $98,825.00. Following the sale, the chief financial officer now owns 2,402 shares of the company’s stock, valued at $40,233.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

SciPlay Stock Performance

Shares of NASDAQ:SCPL opened at $16.71 on Friday. The company has a market cap of $2.10 billion, a P/E ratio of 17.97 and a beta of 0.40. The stock’s 50-day moving average is $16.39 and its 200-day moving average is $14.70. SciPlay Co. has a 52-week low of $10.60 and a 52-week high of $18.17.

SciPlay (NASDAQ:SCPL – Get Rating) last issued its quarterly earnings results on Wednesday, March 1st. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.01). SciPlay had a net margin of 3.34% and a return on equity of 3.84%. The business had revenue of $182.10 million during the quarter, compared to analyst estimates of $177.59 million. As a group, equities analysts predict that SciPlay Co. will post 1.11 EPS for the current year.

Institutional Investors Weigh In On SciPlay

A number of institutional investors have recently added to or reduced their stakes in SCPL. The Manufacturers Life Insurance Company grew its position in SciPlay by 875.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,147,509 shares of the company’s stock worth $18,452,000 after buying an additional 1,029,856 shares in the last quarter. Goldman Sachs Group Inc. grew its position in SciPlay by 216.4% during the first quarter. Goldman Sachs Group Inc. now owns 665,530 shares of the company’s stock worth $8,599,000 after buying an additional 455,205 shares in the last quarter. Bank of America Corp DE grew its position in SciPlay by 28.1% during the first quarter. Bank of America Corp DE now owns 1,549,533 shares of the company’s stock worth $20,020,000 after buying an additional 340,133 shares in the last quarter. Millennium Management LLC grew its position in SciPlay by 732.3% during the fourth quarter. Millennium Management LLC now owns 355,418 shares of the company’s stock worth $5,715,000 after buying an additional 312,714 shares in the last quarter. Finally, UBS Group AG grew its position in SciPlay by 117.5% during the second quarter. UBS Group AG now owns 375,362 shares of the company’s stock worth $5,243,000 after buying an additional 202,772 shares in the last quarter. 17.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SCPL has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of SciPlay from $17.00 to $18.00 in a research report on Wednesday, February 22nd. Morgan Stanley increased their target price on shares of SciPlay from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Friday, March 3rd. The Goldman Sachs Group increased their target price on shares of SciPlay from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Thursday, January 19th. JPMorgan Chase & Co. increased their target price on shares of SciPlay from $16.00 to $18.00 and gave the stock a “neutral” rating in a research report on Friday, March 3rd. Finally, Truist Financial increased their target price on shares of SciPlay from $17.00 to $18.00 in a research report on Thursday, March 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $16.95.

About SciPlay

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SciPlay Corp. engages in the development and publishing of digital games on mobile and web platforms. It offers social casino games that include Jackpot Party Casino, Gold Fish Casino, Hot Shot Casino, Quick Hit Slots, Monopoly Slots, and 88 Fortunes Slots and casual games, which include Bingo Showdown, and Solitaire Pets Adventure.