Scientific Games Co. (NASDAQ:SGMS) has been given a consensus rating of “Buy” by the eight research firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $55.00.
Several analysts recently weighed in on the company. BidaskClub downgraded Scientific Games from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. ValuEngine upgraded Scientific Games from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Telsey Advisory Group upped their price objective on Scientific Games from $52.00 to $54.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 4th. Bank of America dropped their price objective on Scientific Games from $58.00 to $53.00 and set a “buy” rating for the company in a research report on Friday, March 2nd. Finally, Zacks Investment Research downgraded Scientific Games from a “hold” rating to a “sell” rating in a research report on Tuesday, January 23rd.
In other news, Director Peter A. Cohen sold 9,500 shares of the stock in a transaction dated Thursday, March 29th. The stock was sold at an average price of $41.23, for a total value of $391,685.00. Following the completion of the sale, the director now owns 249,486 shares of the company’s stock, valued at $10,286,307.78. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Peter A. Cohen sold 20,049 shares of the stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $40.80, for a total value of $817,999.20. Following the completion of the sale, the director now directly owns 268,502 shares of the company’s stock, valued at approximately $10,954,881.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 141,798 shares of company stock valued at $6,323,025. Insiders own 40.61% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Sei Investments Co. grew its stake in Scientific Games by 17,151.9% during the third quarter. Sei Investments Co. now owns 13,284 shares of the technology company’s stock worth $609,000 after purchasing an additional 13,207 shares during the period. Russell Investments Group Ltd. grew its stake in Scientific Games by 70.9% during the third quarter. Russell Investments Group Ltd. now owns 70,290 shares of the technology company’s stock worth $3,223,000 after purchasing an additional 29,150 shares during the period. SG Americas Securities LLC acquired a new stake in Scientific Games during the third quarter worth approximately $312,000. Ameriprise Financial Inc. grew its stake in Scientific Games by 3.5% during the third quarter. Ameriprise Financial Inc. now owns 280,127 shares of the technology company’s stock worth $12,844,000 after purchasing an additional 9,370 shares during the period. Finally, Macquarie Group Ltd. acquired a new stake in Scientific Games during the third quarter worth approximately $738,000. 65.90% of the stock is owned by institutional investors.
Shares of SGMS stock traded down $0.15 on Friday, hitting $43.30. 137,081 shares of the company’s stock were exchanged, compared to its average volume of 982,056. The company has a debt-to-equity ratio of -4.31, a quick ratio of 2.21 and a current ratio of 2.54. Scientific Games has a 12 month low of $20.60 and a 12 month high of $56.45.
Scientific Games (NASDAQ:SGMS) last announced its quarterly earnings data on Wednesday, February 28th. The technology company reported ($0.28) earnings per share for the quarter, hitting the consensus estimate of ($0.28). The business had revenue of $823.00 million for the quarter, compared to the consensus estimate of $814.40 million. equities research analysts expect that Scientific Games will post 0.02 EPS for the current fiscal year.
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Scientific Games Company Profile
Scientific Games Corporation develops technology-based products and services, and related content for the gaming, lottery, and interactive gaming industries worldwide. The company's Gaming segment sells new and used gaming machines, electronic table systems, video lottery terminals (VLTs), conversion game kits, and spare parts; slot, casino, and table-management systems; table products, including shufflers; and perpetual licenses to proprietary table games.
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