SciPlay (NASDAQ:SCPL – Get a rating) saw its price target lowered by research analysts DA Davidson from $18.00 to $17.00 in a report on Monday, Fly reports. DA Davidson’s price target would indicate a potential upside of 33.23% from the current stock price.
A number of other stock analysts have also recently weighed in on the stock. Morgan Stanley lowered its price target on SciPlay shares from $13.50 to $12.50 and set an “equal weight” rating on the stock in a Wednesday, September 7 research note. TheStreet downgraded SciPlay’s shares from a “b-” rating to a “c+” rating in a Tuesday, September 13 research note. Deutsche Bank Aktiengesellschaft lowered its price target on SciPlay shares from $17.00 to $16.00 in a Monday, August 8 research note. Finally, Bank of America reaffirmed an “underperforming” rating and issued a $10.00 price target on SciPlay shares in a research note on Tuesday, August 23. One research analyst rated the stock with a sell rating, two gave the stock a hold rating and five gave the stock a buy rating. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $15.67.
SciPlay Stock up to 1.0%
NASDAQ:SCPL shares opened at $12.76 on Monday. The company’s fifty-day moving average is $12.03 and its two-hundred-day moving average is $12.90. SciPlay has a 12 month minimum of $10.60 and a 12 month maximum of $22.29. The company has a market capitalization of $1.63 billion, a P/E ratio of 17.24 and a beta of 0.26.
SciPlay (NASDAQ:SCPL – Get a rating) last announced its results on Tuesday, August 9. The company reported earnings per share (EPS) of $0.23 for the quarter, beating the consensus estimate of $0.22 by $0.01. SciPlay had a net margin of 2.94% and a return on equity of 6.91%. The company posted revenue of $160.10 million for the quarter, versus a consensus estimate of $163.62 million. Equity research analysts expect SciPlay to post earnings per share of 0.95 for the current year.
Institutional investors weigh in on SciPlay
A number of hedge funds have recently bought and sold shares of SCPL. Caledonia Private Investments Pty Ltd acquired a new stake in SciPlay during the fourth quarter valued at approximately $21,478,000. Ruffer LLP purchased a new equity stake in SciPlay in the second quarter worth approximately $13,722,000. TIG Advisors LLC increased its stake in SciPlay shares by 157.0% in the first quarter. TIG Advisors LLC now owns 1,319,290 shares of the company valued at $17,045,000 after purchasing an additional 805,940 shares during the period. Anqa Management LLC purchased a new equity stake in SciPlay in the first quarter worth approximately $7,035,000. Finally, Goldman Sachs Group Inc. increased its stake in SciPlay shares by 216.4% in the first quarter. Goldman Sachs Group Inc. now owns 665,530 shares of the company valued at $8,599,000 after purchasing an additional 455,205 shares during the period. 17.66% of the shares are currently held by institutional investors.
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 including Bingo Showdown, Solitaire Pets Adventure and Backgammon Live.
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