Light & Wonder (NASDAQ:LNW) Receives New Coverage from Analysts at B. Riley

by · The Cerbat Gem

Stock analysts at B. Riley began coverage on shares of Light & Wonder (NASDAQ:LNW – Get Free Report) in a research note issued on Tuesday, Marketbeat reports. The brokerage set a “buy” rating and a $120.00 price target on the stock. B. Riley’s price objective points to a potential upside of 24.90% from the stock’s previous close. B. Riley also issued estimates for Light & Wonder’s Q1 2025 earnings at $1.17 EPS, Q2 2025 earnings at $1.33 EPS, Q3 2025 earnings at $1.46 EPS, Q4 2025 earnings at $1.42 EPS and FY2025 earnings at $5.39 EPS.

Several other equities analysts have also recently issued reports on LNW. Benchmark restated a “buy” rating and issued a $114.00 price target on shares of Light & Wonder in a research report on Thursday, August 8th. Truist Financial boosted their price target on Light & Wonder from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Maxim Group assumed coverage on Light & Wonder in a research report on Monday, August 26th. They set a “buy” rating and a $144.00 target price on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on Light & Wonder from $76.00 to $81.00 and gave the stock a “hold” rating in a research report on Thursday, August 8th. Finally, Susquehanna dropped their target price on Light & Wonder from $92.00 to $90.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. One equities research 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 to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $107.82.

View Our Latest Report on Light & Wonder

Light & Wonder Stock Up 0.0 %

LNW opened at $96.08 on Tuesday. The business’s 50-day simple moving average is $103.26 and its 200-day simple moving average is $99.98. The company has a debt-to-equity ratio of 4.90, a quick ratio of 1.58 and a current ratio of 1.85. Light & Wonder has a one year low of $71.63 and a one year high of $115.00. The stock has a market capitalization of $8.52 billion, a P/E ratio of 39.87, a price-to-earnings-growth ratio of 0.39 and a beta of 1.76.

Light & Wonder (NASDAQ:LNW – Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.14). Light & Wonder had a return on equity of 40.51% and a net margin of 9.92%. The firm had revenue of $818.00 million for the quarter, compared to analyst estimates of $798.09 million. During the same quarter last year, the firm posted $1.02 EPS. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. Analysts anticipate that Light & Wonder will post 4.44 EPS for the current year.

Light & Wonder announced that its board has initiated a share repurchase plan on Wednesday, August 7th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 10.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Institutional Investors Weigh In On Light & Wonder

Institutional investors and hedge funds have recently bought and sold shares of the stock. Rise Advisors LLC purchased a new stake in Light & Wonder in the 1st quarter valued at approximately $38,000. Fidelis Capital Partners LLC acquired a new position in Light & Wonder in the 1st quarter valued at $38,000. GAMMA Investing LLC raised its holdings in Light & Wonder by 59.6% in the 2nd quarter. GAMMA Investing LLC now owns 407 shares of the company’s stock valued at $43,000 after acquiring an additional 152 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new position in Light & Wonder in the 4th quarter valued at $69,000. Finally, KBC Group NV acquired a new position in Light & Wonder in the 4th quarter valued at $153,000. Hedge funds and other institutional investors own 88.08% of the company’s stock.

Light & Wonder Company Profile

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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.

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