SciPlay Co. (NASDAQ:SCPL) has earned an average recommendation of “Hold” from the ten ratings firms that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $19.39.
A number of brokerages have recently commented on SCPL. Bank of America lowered shares of SciPlay from a “buy” rating to an “underperform” rating and boosted their price objective for the stock from $17.00 to $20.00 in a research report on Wednesday, February 17th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of SciPlay from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Thursday, February 18th. Zacks Investment Research downgraded shares of SciPlay from a “hold” rating to a “sell” rating in a report on Thursday, March 4th. KeyCorp boosted their target price on shares of SciPlay from $20.00 to $23.00 and gave the stock an “overweight” rating in a report on Monday, March 8th. Finally, Wedbush restated a “buy” rating and set a $22.50 target price on shares of SciPlay in a report on Monday, February 22nd.
Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of SciPlay by 269.3% in the fourth quarter. BlackRock Inc. now owns 1,409,092 shares of the company’s stock valued at $19,516,000 after acquiring an additional 1,027,542 shares during the period. Renaissance Technologies LLC increased its holdings in SciPlay by 5.7% in the 4th quarter. Renaissance Technologies LLC now owns 1,366,200 shares of the company’s stock valued at $18,922,000 after buying an additional 73,100 shares during the period. Neumeier Poma Investment Counsel LLC increased its holdings in SciPlay by 3.1% in the 4th quarter. Neumeier Poma Investment Counsel LLC now owns 922,725 shares of the company’s stock valued at $12,780,000 after buying an additional 27,725 shares during the period. The Manufacturers Life Insurance Company increased its holdings in SciPlay by 16.1% in the 1st quarter. The Manufacturers Life Insurance Company now owns 922,496 shares of the company’s stock valued at $14,926,000 after buying an additional 128,123 shares during the period. Finally, SG Capital Management LLC increased its holdings in SciPlay by 75.7% in the 4th quarter. SG Capital Management LLC now owns 594,704 shares of the company’s stock valued at $8,237,000 after buying an additional 256,259 shares during the period. 15.94% of the stock is owned by institutional investors.
SciPlay (NASDAQ:SCPL) last announced its quarterly earnings results on Sunday, February 28th. The company reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.09). The company had revenue of $147.10 million during the quarter, compared to the consensus estimate of $146.25 million. SciPlay had a net margin of 3.81% and a return on equity of 7.36%. On average, research analysts expect that SciPlay will post 0.95 EPS for the current fiscal year.
SciPlay Company Profile
SciPlay Corporation develops, markets, and operates a portfolio of social games for mobile and web platforms worldwide. It offers seven games, which include social casino games, such as Jackpot Party Casino, Gold Fish Casino, Hot Shot Casino, and Quick Hit Slots, as well as casual games comprising MONOPOLY Slots, Bingo Showdown, and 88 Fortunes Slots.
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