SciPlay (NASDAQ:SCPL) Price Target Raised to $14.00 at Morgan Stanley

SciPlay (NASDAQ:SCPLGet Rating) had its target price boosted by analysts at Morgan Stanley from $13.00 to $14.00 in a report issued on Wednesday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price target indicates a potential downside of 14.79% from the company’s current price.

Other analysts also recently issued reports about the stock. TheStreet upgraded shares of SciPlay from a “c+” rating to a “b-” rating in a research report on Tuesday, November 15th. Craig Hallum raised shares of SciPlay from a “hold” rating to a “buy” rating and raised their target price for the company from $14.00 to $17.00 in a research note on Friday, November 11th. DA Davidson raised their target price on shares of SciPlay to $18.00 in a research note on Wednesday, November 16th. Truist Financial cut shares of SciPlay from a “buy” rating to a “hold” rating and set a $15.00 target price for the company. in a research note on Monday, November 28th. Finally, Wedbush raised their target price on shares of SciPlay to $20.00 in a research note on Wednesday, November 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $16.55.

SciPlay Price Performance

Shares of SCPL stock opened at $16.43 on Wednesday. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 23.47 and a beta of 0.38. SciPlay has a one year low of $10.60 and a one year high of $16.71. The company’s fifty day moving average price is $15.71 and its 200-day moving average price is $13.73.

SciPlay (NASDAQ:SCPLGet Rating) last announced its quarterly earnings data on Wednesday, November 9th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). The firm had revenue of $170.80 million for the quarter, compared to the consensus estimate of $167.54 million. SciPlay had a net margin of 2.66% and a return on equity of 6.51%. Equities research analysts expect that SciPlay will post 0.99 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SciPlay

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Ruffer LLP purchased a new position in shares of SciPlay during the 2nd quarter worth about $13,722,000. Goldman Sachs Group Inc. boosted its stake in shares of SciPlay by 216.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 665,530 shares of the company’s stock worth $8,599,000 after purchasing an additional 455,205 shares during the period. Bank of America Corp DE boosted its stake in shares of SciPlay by 28.1% during the 1st quarter. Bank of America Corp DE now owns 1,549,533 shares of the company’s stock worth $20,020,000 after purchasing an additional 340,133 shares during the period. UBS Group AG boosted its stake in shares of SciPlay by 117.5% during the 2nd quarter. UBS Group AG now owns 375,362 shares of the company’s stock worth $5,243,000 after purchasing an additional 202,772 shares during the period. Finally, Mangrove Partners boosted its stake in shares of SciPlay by 17.4% during the 3rd quarter. Mangrove Partners now owns 1,176,923 shares of the company’s stock worth $13,841,000 after purchasing an additional 174,185 shares during the period. 17.64% of the stock is owned by hedge funds and other institutional investors.

About SciPlay

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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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