Light & Wonder (NASDAQ:LNW) Stock Price Expected to Rise, Macquarie Analyst Says

Light & Wonder (NASDAQ:LNW) had its price target hoisted by Macquarie from $122.00 to $125.00 in a research note published on Wednesday,Benzinga reports. They currently have an outperform rating on the stock.

Other equities research analysts also recently issued reports about the company. Benchmark restated a “buy” rating and set a $114.00 price objective on shares of Light & Wonder in a report on Wednesday, February 19th. Stifel Nicolaus boosted their price target on Light & Wonder from $90.00 to $104.00 and gave the company a “hold” rating in a report on Wednesday, February 19th. Jefferies Financial Group boosted their price target on Light & Wonder from $120.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Finally, Citigroup upgraded Light & Wonder from a “neutral” rating to a “buy” rating in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $110.83.

Light & Wonder Price Performance

LNW stock opened at $111.48 on Wednesday. The company has a quick ratio of 1.61, a current ratio of 1.88 and a debt-to-equity ratio of 4.49. Light & Wonder has a 52-week low of $84.00 and a 52-week high of $115.00. The stock’s 50 day moving average is $91.55 and its two-hundred day moving average is $96.26. The company has a market capitalization of $9.84 billion, a PE ratio of 34.62, a P/E/G ratio of 0.35 and a beta of 1.72.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Algert Global LLC boosted its position in 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 purchasing an additional 33,410 shares during the period. Main Management ETF Advisors LLC acquired a new position in Light & Wonder during the 3rd quarter worth $774,000. GSA Capital Partners LLP acquired a new position in Light & Wonder during the 3rd quarter worth $725,000. State Street Corp boosted its position in Light & Wonder by 2.2% during the 3rd quarter. State Street Corp now owns 2,651,627 shares of the company’s stock worth $240,582,000 after acquiring an additional 56,890 shares during the period. Finally, BNP Paribas Financial Markets boosted 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 acquiring an additional 6,472 shares during the period. 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.