Somewhat Favorable News Coverage Somewhat Unlikely to Impact Scientific Games Corp (NASDAQ:SGMS) Share Price
News stories about Scientific Games Corp (NASDAQ:SGMS) have trended somewhat positive this week, according to Accern Sentiment. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Scientific Games Corp earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 44.5625393141754 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- Scientific Games Corp (NASDAQ:SGMS) Stock Traded 27.7% Above Its 50 Day Moving Average – Modern Readers (modernreaders.com)
- Scientific Games to Showcase ‘Next-Level’ Innovations at … – Markets Insider (markets.businessinsider.com)
- Association of Gaming Equipment Manufacturers (AGEM) Releases July 2017 Index – GlobeNewswire (press release) (globenewswire.com)
- Scientific Games Corp (NASDAQ:SGMS) Closed 27.7% Above Its 50 Day Moving Average – Modern Readers (modernreaders.com)
SGMS has been the topic of a number of recent research reports. Telsey Advisory Group raised their price objective on Scientific Games Corp from $20.00 to $24.00 and gave the company a “market perform” rating in a research note on Friday, April 28th. Stifel Nicolaus raised their price objective on Scientific Games Corp from $22.00 to $24.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Zacks Investment Research raised Scientific Games Corp from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Tuesday, May 2nd. ValuEngine raised Scientific Games Corp from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, BidaskClub raised Scientific Games Corp from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 10th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $30.00.
Scientific Games Corp (NASDAQ:SGMS) traded up 0.86% during mid-day trading on Friday, hitting $35.15. The company had a trading volume of 610,971 shares. Scientific Games Corp has a 1-year low of $8.07 and a 1-year high of $39.25. The stock has a 50 day moving average price of $30.48 and a 200-day moving average price of $24.19. The stock’s market capitalization is $3.14 billion.
Scientific Games Corp (NASDAQ:SGMS) last posted its quarterly earnings data on Monday, July 24th. The technology company reported ($0.44) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.52) by $0.08. The firm had revenue of $766.30 million during the quarter, compared to analysts’ expectations of $732.93 million. During the same period last year, the company earned ($0.59) earnings per share. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, analysts forecast that Scientific Games Corp will post ($2.27) earnings per share for the current year.
In related news, EVP James C. Kennedy sold 122,681 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $37.14, for a total value of $4,556,372.34. Following the sale, the executive vice president now directly owns 186,363 shares of the company’s stock, valued at approximately $6,921,521.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gabrielle K. Mcdonald sold 2,133 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $38.50, for a total transaction of $82,120.50. Following the completion of the sale, the director now directly owns 7,173 shares in the company, valued at $276,160.50. The disclosure for this sale can be found here. Insiders sold a total of 192,850 shares of company stock worth $7,281,691 over the last three months. 42.03% of the stock is currently owned by corporate insiders.
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. Its segments include Gaming, Lottery and Interactive. Its 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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