Scientific Games Corp. (NASDAQ:SGMS) Receives $9.78 Consensus Price Target from Analysts
Shares of Scientific Games Corp. (NASDAQ:SGMS) have been assigned an average recommendation of “Hold” from the nine analysts that are currently covering the stock. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $9.78.
A number of equities analysts have recently commented on the stock. Zacks Investment Research cut shares of Scientific Games Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, July 20th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $7.00 target price on shares of Scientific Games Corp. in a report on Sunday, June 26th.
Shares of Scientific Games Corp. (NASDAQ:SGMS) opened at 12.18 on Thursday. The firm’s market capitalization is $1.07 billion. The stock has a 50 day moving average of $10.16 and a 200-day moving average of $9.69. Scientific Games Corp. has a 12 month low of $4.56 and a 12 month high of $12.83.
Scientific Games Corp. (NASDAQ:SGMS) last announced its earnings results on Friday, August 5th. The company reported ($0.59) EPS for the quarter, beating analysts’ consensus estimates of ($0.81) by $0.22. The business earned $729.20 million during the quarter, compared to analyst estimates of $708.84 million. During the same period in the previous year, the firm earned ($1.19) earnings per share. On average, equities research analysts anticipate that Scientific Games Corp. will post ($3.25) EPS for the current fiscal year.
In other Scientific Games Corp. news, Director David L. Kennedy sold 100,000 shares of the business’s stock in a transaction on Friday, September 16th. The shares were sold at an average price of $10.49, for a total transaction of $1,049,000.00. Following the sale, the director now directly owns 121,765 shares in the company, valued at approximately $1,277,314.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 42.03% of the company’s stock.
Large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Scientific Games Corp. by 2.4% in the second quarter. Vanguard Group Inc. now owns 4,271,173 shares of the company’s stock valued at $39,252,000 after buying an additional 100,329 shares during the last quarter. BlackRock Fund Advisors raised its stake in shares of Scientific Games Corp. by 4.8% in the second quarter. BlackRock Fund Advisors now owns 3,278,561 shares of the company’s stock valued at $30,130,000 after buying an additional 149,498 shares during the last quarter. Bridger Management LLC bought a new stake in shares of Scientific Games Corp. during the first quarter valued at approximately $15,391,000. Spark Investment Management LLC raised its stake in shares of Scientific Games Corp. by 538.5% in the first quarter. Spark Investment Management LLC now owns 588,100 shares of the company’s stock valued at $5,545,000 after buying an additional 496,000 shares during the last quarter. Finally, Bogle Investment Management L P DE bought a new stake in shares of Scientific Games Corp. during the first quarter valued at approximately $3,590,000. Institutional investors own 67.88% of the company’s stock.
About Scientific Games Corp.
Scientific Games Corporation is a developer of technology-based products and services, and associated content for the gaming, lottery and interactive gaming industries. The Company operates through three segments: Gaming, Lottery and Interactive. The Company’s portfolio includes gaming machines and game content, casino management systems, table game products and services, instant and draw-based lottery games, server-based gaming and lottery systems, sports betting technology, lottery content and services, loyalty and rewards programs, interactive gaming and social casino solutions.
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