SciPlay Co. (NASDAQ:SCPL – Get Rating) has been assigned an average rating of “Hold” from the ten analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $15.78.
Several equities analysts recently weighed in on the stock. Wedbush upgraded shares of SciPlay from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $14.50 to $17.00 in a report on Friday, June 10th. Morgan Stanley reduced their target price on shares of SciPlay from $13.50 to $12.50 and set an “equal weight” rating on the stock in a report on Wednesday, September 7th. Bank of America restated an “underperform” rating and set a $10.00 target price on shares of SciPlay in a report on Tuesday, August 23rd. TheStreet lowered shares of SciPlay from a “b-” rating to a “c+” rating in a report on Tuesday, September 13th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of SciPlay from $17.00 to $16.00 in a report on Monday, August 8th.
Institutional Investors Weigh In On SciPlay
A number of institutional investors have recently modified their holdings of the stock. Lazard Asset Management LLC grew its position in shares of SciPlay by 42.1% during the 4th quarter. Lazard Asset Management LLC now owns 3,186 shares of the company’s stock valued at $43,000 after buying an additional 944 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new stake in shares of SciPlay during the 1st quarter valued at about $80,000. Gabelli Funds LLC bought a new stake in shares of SciPlay during the 1st quarter valued at about $174,000. Fox Run Management L.L.C. bought a new stake in shares of SciPlay during the 2nd quarter valued at about $187,000. Finally, GW Henssler & Associates Ltd. bought a new stake in shares of SciPlay during the 2nd quarter valued at about $244,000. Institutional investors and hedge funds own 17.66% of the company’s stock.
SciPlay Stock Down 2.1 %
SciPlay (NASDAQ:SCPL – Get Rating) last posted its earnings results on Tuesday, August 9th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.01. The business had revenue of $160.10 million for the quarter, compared to analyst estimates of $163.62 million. SciPlay had a net margin of 2.94% and a return on equity of 6.91%. Equities research analysts expect that SciPlay will post 0.95 EPS for the current fiscal year.
SciPlay Company Profile
SciPlay Corporation develops, markets, and operates a portfolio of social games for mobile and web platforms in North America and internationally. It offers social casino games, such as Jackpot Party Casino, Gold Fish Casino, Quick Hit Slots, 88 Fortunes Slots, MONOPOLY Slots, and Hot Shot Casino, as well as casual games comprising Bingo Showdown, Solitaire Pets Adventure, and Backgammon Live.
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