Brightstar Lottery (BRSL) – What Are Investment Firms Thinking About This Stock?

Shares of Brightstar Lottery (NYSE:BRSL) have received an average recommendation of “Hold” from the nine analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $14.77.

Several research firms have weighed in on BRSL. Stifel Nicolaus set a $19.00 price objective on Brightstar Lottery in a research report on Friday, September 25th. Zacks Research upgraded shares of Brightstar Lottery from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Wall Street Zen lowered Brightstar Lottery from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Weiss Ratings restated a “sell (d+)” rating on shares of Brightstar Lottery in a research report on Tuesday, October 6th. Finally, Truist Financial cut their price target on Brightstar Lottery from $13.00 to $11.00 and set a “hold” rating for the company in a research note on Tuesday, October 20th.

Brightstar Lottery Stock Performance

Brightstar Lottery stock opened at $9.85 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 1.00 and a debt-to-equity ratio of 2.16. The firm has a market cap of $1.84 billion, a P/E ratio of 7.57, a P/E/G ratio of 4.09 and a beta of 1.15. Brightstar Lottery has a 1-year low of $9.10 and a 1-year high of $17.59. The firm has a 50-day moving average of $10.23 and a 200-day moving average of $11.55.

Brightstar Lottery (NYSE:BRSL) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.12. Brightstar Lottery had a return on equity of 10.47% and a net margin of 10.05%. The company had revenue of $584.00 million for the quarter. Sell-side analysts expect that Brightstar Lottery will post 0.35 EPS for the current year.

Hedge Funds Weigh In On Brightstar Lottery

Several institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC grew its position in Brightstar Lottery by 634.6% in the third quarter. Signaturefd LLC now owns 2,652 shares of the company’s stock worth $26,000 after acquiring an additional 2,291 shares in the last quarter. GAMMA Investing LLC raised its position in Brightstar Lottery by 1,233.3% during the third quarter. GAMMA Investing LLC now owns 3,200 shares of the company’s stock valued at $32,000 after purchasing an additional 2,960 shares during the period. Envestnet Asset Management Inc. raised its position in Brightstar Lottery by 34.3% during the second quarter. Envestnet Asset Management Inc. now owns 16,494 shares of the company’s stock valued at $177,000 after purchasing an additional 4,216 shares during the period. Integrated Wealth Concepts LLC raised its position in Brightstar Lottery by 23.8% during the second quarter. Integrated Wealth Concepts LLC now owns 25,372 shares of the company’s stock valued at $272,000 after purchasing an additional 4,880 shares during the period. Finally, Readystate Asset Management LP bought a new stake in shares of Brightstar Lottery in the 2nd quarter valued at approximately $957,000. Hedge funds and other institutional investors own 44.33% of the company’s stock.

About Brightstar Lottery

Brightstar Lottery plc is a global provider of lottery technology, products and services to government-sponsored and commercial lottery operators. The company helps lotteries manage retail and digital operations, improve player engagement and deliver draw-based and instant-win games.

Its offerings include lottery management systems, retail terminals and software, point-of-sale solutions, instant-ticket products, draw-based games and iLottery platforms. Brightstar also provides related digital services, analytics and operational support designed to help lottery operators run secure, efficient and omnichannel programs.

Brightstar Lottery traces its operations to the global lottery business formerly owned by International Game Technology.