Light & Wonder (NASDAQ:LNW) Given New $130.00 Price Target at Benchmark

Light & Wonder (NASDAQ:LNW) had its target price boosted by equities researchers at Benchmark from $114.00 to $130.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Benchmark’s price target would suggest a potential upside of 16.61% from the company’s current price.

A number of other equities analysts have also weighed in on the stock. Stifel Nicolaus boosted their price objective on shares of Light & Wonder from $90.00 to $104.00 and gave the company a “hold” rating in a research report on Wednesday, February 19th. Jefferies Financial Group upped their price target on shares of Light & Wonder from $120.00 to $121.00 and gave the stock a “buy” rating in a research report 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. Mizuho upped their price target on shares of Light & Wonder from $76.00 to $80.00 and gave the stock an “underperform” rating in a research report on Wednesday. Finally, Macquarie upped their price target 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 research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $110.83.

Light & Wonder Stock Performance

NASDAQ:LNW 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 $96.21. 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 firm has a market cap of $9.84 billion, a PE ratio of 34.62, a P/E/G ratio of 0.35 and a beta of 1.72. Light & Wonder has a 1-year low of $84.00 and a 1-year high of $115.00.

Institutional Investors Weigh In On Light & Wonder

Several institutional investors have recently bought and sold shares of the business. Burgundy Asset Management Ltd. grew its stake in Light & Wonder by 2.0% during the fourth quarter. Burgundy Asset Management Ltd. now owns 1,472,538 shares of the company’s stock worth $127,198,000 after buying an additional 28,358 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Light & Wonder by 13.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 235,411 shares of the company’s stock valued at $20,335,000 after purchasing an additional 28,560 shares during the period. Royal Bank of Canada boosted its stake in shares of Light & Wonder by 1,752.9% in the fourth quarter. Royal Bank of Canada now owns 157,073 shares of the company’s stock valued at $13,568,000 after purchasing an additional 148,596 shares during the period. ProShare Advisors LLC boosted its stake in shares of Light & Wonder by 6.8% in the fourth quarter. ProShare Advisors LLC now owns 4,131 shares of the company’s stock valued at $357,000 after purchasing an additional 263 shares during the period. Finally, Nomura Holdings Inc. boosted its stake in shares of Light & Wonder by 16.5% in the fourth quarter. Nomura Holdings Inc. now owns 31,022 shares of the company’s stock valued at $2,680,000 after purchasing an additional 4,391 shares during the period. 88.08% of the stock is currently 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.