SciPlay (NASDAQ:SCPL) Price Target Raised to $18.00 at Truist Financial

SciPlay (NASDAQ:SCPL – Get Rating) had its price target upped by Truist Financial from $17.00 to $18.00 in a research report report published on Thursday, The Fly reports.

Several other analysts have also commented on the stock. Wedbush raised their price objective on shares of SciPlay to $20.00 in a report on Wednesday, November 16th. Craig Hallum upgraded shares of SciPlay from a hold rating to a buy rating and raised their price objective for the stock from $14.00 to $17.00 in a report on Friday, November 11th. DA Davidson raised their price objective on shares of SciPlay to $18.00 in a report on Wednesday, November 16th. TheStreet upgraded shares of SciPlay from a c+ rating to a b- rating in a report on Tuesday, November 15th. Finally, The Goldman Sachs Group lifted their target price on shares of SciPlay from $20.00 to $22.00 and gave the company a buy rating in a report on Thursday, January 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, SciPlay currently has an average rating of Hold and an average target price of $16.95.

SciPlay Price Performance

NASDAQ SCPL opened at $17.28 on Thursday. The stock has a market capitalization of $2.18 billion, a PE ratio of 18.58 and a beta of 0.40. SciPlay has a 1 year low of $10.60 and a 1 year high of $17.49. The business’s 50-day moving average is $16.22 and its 200 day moving average is $14.42.

Institutional Investors Weigh In On SciPlay

A number of large investors have recently added to or reduced their stakes in the stock. State of Wyoming grew its position in SciPlay by 46.5% in the 4th quarter. State of Wyoming now owns 18,634 shares of the company’s stock worth $300,000 after purchasing an additional 5,911 shares during the period. Millennium Management LLC grew its position in SciPlay by 732.3% in the 4th quarter. Millennium Management LLC now owns 355,418 shares of the company’s stock worth $5,715,000 after purchasing an additional 312,714 shares during the period. Morgan Stanley grew its position in shares of SciPlay by 0.4% during the 4th quarter. Morgan Stanley now owns 692,232 shares of the company’s stock valued at $11,131,000 after acquiring an additional 2,986 shares during the period. Two Sigma Investments LP grew its position in shares of SciPlay by 655.2% during the 4th quarter. Two Sigma Investments LP now owns 94,405 shares of the company’s stock valued at $1,518,000 after acquiring an additional 81,905 shares during the period. Finally, Engineers Gate Manager LP grew its position in shares of SciPlay by 187.6% during the 4th quarter. Engineers Gate Manager LP now owns 30,429 shares of the company’s stock valued at $489,000 after acquiring an additional 19,848 shares during the period. Institutional investors own 17.64% of the company’s stock.

SciPlay Company Profile

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SciPlay Corp. engages in the development and publishing of digital games on mobile and web platforms. It offers social casino games that include Jackpot Party Casino, Gold Fish Casino, Hot Shot Casino, Quick Hit Slots, Monopoly Slots, and 88 Fortunes Slots and casual games, which include Bingo Showdown, and Solitaire Pets Adventure.