SciPlay (NASDAQ:SCPL) Reaches New 52-Week High at $22.84

SciPlay Co. (NASDAQ:SCPL)’s stock price hit a new 52-week high on Monday . The company traded as high as $22.84 and last traded at $22.78, with a volume of 151956 shares traded. The stock had previously closed at $22.72.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on SCPL shares. DA Davidson lowered shares of SciPlay from a “buy” rating to a “neutral” rating and set a $23.00 price target for the company. in a research note on Wednesday, August 9th. 22nd Century Group reaffirmed a “maintains” rating on shares of SciPlay in a research note on Monday, May 22nd. Truist Financial upped their price target on shares of SciPlay from $18.00 to $20.00 in a research note on Tuesday, July 11th. Wedbush lowered shares of SciPlay from an “outperform” rating to a “neutral” rating and set a $23.00 price target for the company. in a research note on Wednesday, August 9th. Finally, Craig Hallum lowered shares of SciPlay from a “buy” rating to a “hold” rating in a research note on Thursday, May 18th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $20.00.

SciPlay Trading Up 0.3 %

The firm has a market cap of $2.84 billion, a PE ratio of 22.55, a P/E/G ratio of 3.51 and a beta of 0.35. The company’s 50-day moving average is $21.14 and its 200 day moving average is $18.96.

SciPlay (NASDAQ:SCPL) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). The firm had revenue of $189.90 million during the quarter, compared to analysts’ expectations of $182.70 million. SciPlay had a net margin of 3.21% and a return on equity of 3.70%. On average, research analysts predict that SciPlay Co. will post 1.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Ritholtz Wealth Management increased its stake in SciPlay by 120.8% in the 1st quarter. Ritholtz Wealth Management now owns 46,938 shares of the company’s stock valued at $796,000 after buying an additional 25,684 shares during the period. Cambria Investment Management L.P. acquired a new position in SciPlay in the 1st quarter valued at approximately $617,000. ExodusPoint Capital Management LP increased its stake in SciPlay by 19.0% in the 1st quarter. ExodusPoint Capital Management LP now owns 47,232 shares of the company’s stock valued at $801,000 after buying an additional 7,525 shares during the period. Fifth Third Bancorp acquired a new position in SciPlay in the 1st quarter valued at approximately $31,000. Finally, Beck Bode LLC acquired a new position in SciPlay in the 1st quarter valued at approximately $4,701,000. Institutional investors and hedge funds own 14.80% of the company’s stock.

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.