Light & Wonder, Inc. (NASDAQ:LNW) Receives $107.36 Average Target Price from Brokerages

Light & Wonder, Inc. (NASDAQ:LNW) has received an average rating of “Moderate Buy” from the thirteen analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $107.36.

Several research firms have commented on LNW. Macquarie decreased their price objective on shares of Light & Wonder from $122.00 to $117.00 and set an “outperform” rating for the company in a research note on Wednesday, September 25th. B. Riley began coverage on Light & Wonder in a report on Tuesday, October 8th. They set a “buy” rating and a $120.00 price target on the stock. Truist Financial reduced their price objective on Light & Wonder from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. UBS Group upgraded Light & Wonder from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 25th. Finally, Stifel Nicolaus reduced their price target on shares of Light & Wonder from $108.00 to $100.00 and set a “hold” rating for the company in a research report on Wednesday, September 25th.

Light & Wonder Stock Performance

NASDAQ LNW opened at $85.25 on Tuesday. The company has a fifty day moving average price of $92.36 and a 200-day moving average price of $98.61. The firm has a market cap of $7.53 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 0.55 and a beta of 1.73. The company has a debt-to-equity ratio of 4.49, a current ratio of 1.88 and a quick ratio of 1.61. Light & Wonder has a 1 year low of $77.65 and a 1 year high of $115.00.

Institutional Investors Weigh In On Light & Wonder

Hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp grew its position in shares of Light & Wonder by 2.2% in the third quarter. State Street Corp now owns 2,651,627 shares of the company’s stock valued at $240,582,000 after purchasing an additional 56,890 shares in the last quarter. FMR LLC grew its holdings in Light & Wonder by 28.7% during the 3rd quarter. FMR LLC now owns 1,452,052 shares of the company’s stock valued at $131,745,000 after buying an additional 324,088 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Light & Wonder by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 802,922 shares of the company’s stock valued at $84,215,000 after buying an additional 12,317 shares during the period. Millennium Management LLC lifted its holdings in shares of Light & Wonder by 573.3% in the second quarter. Millennium Management LLC now owns 579,340 shares of the company’s stock worth $60,761,000 after buying an additional 493,295 shares in the last quarter. Finally, Wedge Capital Management L L P NC boosted its position in shares of Light & Wonder by 6.2% in the third quarter. Wedge Capital Management L L P NC now owns 434,206 shares of the company’s stock valued at $39,396,000 after acquiring an additional 25,284 shares during the period. Institutional investors own 88.08% of the company’s stock.

About Light & Wonder

Light & Wonder, Inc operates as a cross-platform games company in the United States and internationally. The company operates through three segments: Gaming, SciPlay, and iGaming segments. The Gaming segment sells game content and gaming machine; video gaming terminals; video lottery terminals, including conversion kits and spare parts; and table products, including automatic card shufflers, deck checkers, table roulette chip sorters and other land-based table gaming equipment.