SciPlay Co. (NASDAQ:SCPL) Receives Consensus Rating of “Hold” from Brokerages

Shares of SciPlay Co. (NASDAQ:SCPL) have been assigned a consensus rating of “Hold” from the twelve ratings firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $19.89.

A number of equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reduced their price target on SciPlay from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Friday, November 12th. TheStreet downgraded SciPlay from a “b-” rating to a “c” rating in a research note on Thursday, November 11th. Finally, Zacks Investment Research raised SciPlay from a “sell” rating to a “hold” rating in a report on Wednesday, November 17th.

Shares of NASDAQ:SCPL traded down $0.15 during trading on Friday, hitting $12.20. The company’s stock had a trading volume of 11,103 shares, compared to its average volume of 1,141,650. The company has a 50-day moving average of $15.38 and a 200-day moving average of $17.19. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 14.02 and a beta of 0.29. SciPlay has a 12 month low of $11.33 and a 12 month high of $22.29.

SciPlay (NASDAQ:SCPL) last posted its earnings results on Monday, November 8th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.01). SciPlay had a net margin of 3.59% and a return on equity of 4.54%. The company had revenue of $146.60 million during the quarter, compared to analysts’ expectations of $155.08 million. During the same quarter last year, the firm earned $0.23 EPS. On average, equities research analysts forecast that SciPlay will post 0.91 EPS for the current year.

Several large investors have recently made changes to their positions in the business. Diametric Capital LP increased its position in SciPlay by 7.6% in the 2nd quarter. Diametric Capital LP now owns 11,984 shares of the company’s stock valued at $203,000 after acquiring an additional 849 shares during the period. Insight Wealth Strategies LLC lifted its position in SciPlay by 2.9% during the third quarter. Insight Wealth Strategies LLC now owns 31,101 shares of the company’s stock valued at $643,000 after purchasing an additional 889 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in SciPlay by 7.0% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 20,741 shares of the company’s stock valued at $352,000 after buying an additional 1,349 shares during the last quarter. First Trust Advisors LP increased its position in SciPlay by 3.0% during the 2nd quarter. First Trust Advisors LP now owns 61,909 shares of the company’s stock valued at $1,049,000 after purchasing an additional 1,782 shares during the period. Finally, WINTON GROUP Ltd grew its position in shares of SciPlay by 3.2% in the 3rd quarter. WINTON GROUP Ltd now owns 61,366 shares of the company’s stock worth $1,270,000 after buying an additional 1,921 shares during the period. Hedge funds and other institutional investors own 16.22% of the company’s stock.

About SciPlay

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 and Quick Hit Slots, and casual games, which include Monopoly Slots, Bingo Showdown, and 88 Fortunes Slots.

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Analyst Recommendations for SciPlay (NASDAQ:SCPL)

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