Light & Wonder’s (LNW) Buy Rating Reiterated at Benchmark

Benchmark reaffirmed their buy rating on shares of Light & Wonder (NASDAQ:LNW) in a research note issued to investors on Monday morning,Benzinga reports. Benchmark currently has a $114.00 target price on the stock.

LNW has been the topic of a number of other reports. Truist Financial decreased their price objective on Light & Wonder from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Craig Hallum raised shares of Light & Wonder to a “strong-buy” rating in a report on Friday, October 4th. B. Riley assumed coverage on shares of Light & Wonder in a research report on Tuesday, October 8th. They issued a “buy” rating and a $120.00 price objective for the company. Finally, Jefferies Financial Group upped their target price on shares of Light & Wonder from $120.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $108.50.

Light & Wonder Stock Down 0.0 %

LNW opened at $88.34 on Monday. The company has a 50 day moving average of $90.26 and a 200 day moving average of $97.13. The company has a current ratio of 1.88, a quick ratio of 1.61 and a debt-to-equity ratio of 4.49. Light & Wonder has a 12 month low of $79.22 and a 12 month high of $115.00. The company has a market cap of $7.80 billion, a PE ratio of 27.43, a price-to-earnings-growth ratio of 0.31 and a beta of 1.73.

Hedge Funds Weigh In On Light & Wonder

Several institutional investors have recently modified their holdings of LNW. State Street Corp boosted its stake in Light & Wonder by 2.2% in the third quarter. State Street Corp now owns 2,651,627 shares of the company’s stock worth $240,582,000 after buying an additional 56,890 shares in the last quarter. FMR LLC lifted its holdings in shares of Light & Wonder by 28.7% in the 3rd quarter. FMR LLC now owns 1,452,052 shares of the company’s stock worth $131,745,000 after acquiring an additional 324,088 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Light & Wonder by 573.3% in the 2nd quarter. Millennium Management LLC now owns 579,340 shares of the company’s stock valued at $60,761,000 after purchasing an additional 493,295 shares in the last quarter. Wedge Capital Management L L P NC grew its holdings in shares of Light & Wonder by 6.2% during the 3rd quarter. Wedge Capital Management L L P NC now owns 434,206 shares of the company’s stock valued at $39,396,000 after purchasing an additional 25,284 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Light & Wonder during the 3rd quarter valued at $25,277,000. 88.08% of the stock is currently owned by institutional investors.

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.