SciPlay (NASDAQ:SCPL) Price Target Raised to $22.00

SciPlay (NASDAQ:SCPLGet Rating) had its price target upped by The Goldman Sachs Group from $20.00 to $22.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective suggests a potential upside of 33.33% from the stock’s previous close.

Several other analysts have also commented on 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 upped their price objective for the company from $14.00 to $17.00 in a research note on Friday, November 11th. Wedbush upped their price objective on shares of SciPlay to $20.00 in a research note on Wednesday, November 16th. Morgan Stanley upped their price objective on shares of SciPlay from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, DA Davidson upped their price objective on shares of SciPlay to $18.00 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $16.55.

SciPlay Price Performance

SCPL stock opened at $16.50 on Thursday. The company’s 50 day simple moving average is $15.74 and its 200-day simple moving average is $13.75. The firm has a market capitalization of $2.08 billion, a PE ratio of 23.57 and a beta of 0.38. SciPlay has a 12 month low of $10.60 and a 12 month high of $16.71.

SciPlay (NASDAQ:SCPLGet Rating) last released its quarterly earnings results on Wednesday, November 9th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). The business had revenue of $170.80 million during the quarter, compared to analyst estimates of $167.54 million. SciPlay had a net margin of 2.66% and a return on equity of 6.51%. As a group, sell-side analysts anticipate that SciPlay will post 0.99 earnings per share for the current year.

Hedge Funds Weigh In On SciPlay

Large investors have recently bought and sold shares of the stock. Lazard Asset Management LLC raised its stake in SciPlay by 102.3% during the second quarter. Lazard Asset Management LLC now owns 6,444 shares of the company’s stock worth $90,000 after purchasing an additional 3,258 shares during the period. Fox Run Management L.L.C. purchased a new position in shares of SciPlay in the 2nd quarter valued at $187,000. Gabelli Funds LLC purchased a new position in shares of SciPlay in the 1st quarter valued at $174,000. Thrivent Financial for Lutherans purchased a new position in shares of SciPlay in the 3rd quarter valued at $172,000. Finally, Victory Capital Management Inc. raised its stake in shares of SciPlay by 12.9% in the 3rd quarter. Victory Capital Management Inc. now owns 17,102 shares of the company’s stock valued at $201,000 after acquiring an additional 1,953 shares during the period. Hedge funds and other institutional investors own 17.64% of the company’s stock.

About SciPlay

(Get Rating)

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.

Further Reading

Analyst Recommendations for SciPlay (NASDAQ:SCPL)

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