Bank of America lowered shares of SciPlay (NASDAQ:SCPL) from a buy rating to an underperform rating in a research report released on Thursday, BenzingaRatingsTable reports. They currently have $12.00 price objective on the stock, down from their prior price objective of $17.00.
A number of other equities analysts have also commented on SCPL. Wedbush reiterated an outperform rating and issued a $20.00 price objective on shares of SciPlay in a research note on Monday, July 29th. Stephens initiated coverage on SciPlay in a research note on Wednesday, May 22nd. They set an overweight rating and a $20.00 price target on the stock. Royal Bank of Canada initiated coverage on SciPlay in a research note on Tuesday, May 28th. They set an outperform rating and a $19.00 price target on the stock. Deutsche Bank initiated coverage on SciPlay in a research note on Tuesday, May 28th. They set a buy rating on the stock. Finally, Craig Hallum initiated coverage on SciPlay in a research note on Thursday, May 23rd. They set a buy rating and a $22.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $17.45.
Shares of SciPlay stock traded up $0.06 during trading on Thursday, reaching $10.95. The company’s stock had a trading volume of 300 shares, compared to its average volume of 315,343. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.70 and a current ratio of 2.70. The stock has a fifty day moving average price of $10.44. SciPlay has a one year low of $9.12 and a one year high of $18.75.
SciPlay (NASDAQ:SCPL) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.36. The business had revenue of $118.10 million during the quarter, compared to the consensus estimate of $118.50 million. The company’s revenue was up 18.5% compared to the same quarter last year. Research analysts forecast that SciPlay will post 1.76 earnings per share for the current year.
In related news, Director M. Mendel Pinson acquired 10,000 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were bought at an average cost of $10.26 per share, with a total value of $102,600.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SCPL. Park West Asset Management LLC acquired a new stake in SciPlay during the second quarter valued at approximately $45,650,000. Vanguard Group Inc. acquired a new position in shares of SciPlay in the 2nd quarter worth approximately $26,041,000. JPMorgan Chase & Co. acquired a new position in shares of SciPlay in the 2nd quarter worth approximately $16,692,000. Carillon Tower Advisers Inc. acquired a new position in shares of SciPlay in the 2nd quarter worth approximately $11,518,000. Finally, SG Capital Management LLC acquired a new position in shares of SciPlay in the 2nd quarter worth approximately $10,568,000. 18.79% of the stock is currently owned by institutional investors.
SciPlay Company Profile
SciPlay Corporation develops and publishes digital games on mobile and Web platforms. The company 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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