Light & Wonder (NASDAQ:LNW) Price Target Raised to $130.00

Light & Wonder (NASDAQ:LNW) had its price objective upped by Benchmark from $114.00 to $130.00 in a research note released on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research firms have also recently weighed in on LNW. Stifel Nicolaus increased their price target on shares of Light & Wonder from $90.00 to $104.00 and gave the company a “hold” rating in a research note on Wednesday, February 19th. Jefferies Financial Group increased their price target 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. Citigroup raised shares of Light & Wonder from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. increased their price objective on shares of Light & Wonder from $103.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Macquarie increased their price objective on shares of Light & Wonder from $122.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $110.83.

Light & Wonder Stock Performance

Light & Wonder stock opened at $111.48 on Friday. The firm has a 50 day simple moving average of $91.55 and a 200-day simple moving average of $96.26. 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 current ratio of 1.88 and a quick ratio of 1.61. The stock has a market cap of $9.84 billion, a price-to-earnings ratio of 34.62, a price-to-earnings-growth ratio of 0.35 and a beta of 1.72.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of LNW. True Wealth Design LLC purchased a new position in shares of Light & Wonder in the 3rd quarter valued at $28,000. Capital Performance Advisors LLP purchased a new position in shares of Light & Wonder in the 3rd quarter valued at $29,000. R Squared Ltd purchased a new position in shares of Light & Wonder in the 4th quarter valued at $35,000. Quarry LP purchased a new position in shares of Light & Wonder in the 3rd quarter valued at $51,000. Finally, Blue Trust Inc. grew its position in shares of Light & Wonder by 194.3% in the 4th quarter. Blue Trust Inc. now owns 718 shares of the company’s stock valued at $65,000 after buying an additional 474 shares during the last quarter. 88.08% of the stock is owned by hedge funds and other institutional investors.

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.