SciPlay Corp (NASDAQ:SCPL) Director Purchases $103,900.00 in Stock

SciPlay Corp (NASDAQ:SCPL) Director Michael Marchetti acquired 10,000 shares of the stock in a transaction dated Friday, August 9th. The stock was bought at an average cost of $10.39 per share, with a total value of $103,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of SCPL stock traded up $0.08 on Tuesday, reaching $10.11. 358,850 shares of the company’s stock were exchanged, compared to its average volume of 580,621. SciPlay Corp has a 52 week low of $9.64 and a 52 week high of $18.75. 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 business has a fifty day moving average of $11.74.

SciPlay (NASDAQ:SCPL) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.36. The business had revenue of $118.10 million for the quarter, compared to the consensus estimate of $118.50 million. SciPlay’s quarterly revenue was up 18.5% on a year-over-year basis. As a group, sell-side analysts forecast that SciPlay Corp will post 1.89 EPS for the current year.



Several equities research analysts have recently issued reports on the company. Stifel Nicolaus assumed coverage on SciPlay in a research note on Tuesday, May 28th. They issued a “buy” rating and a $18.50 price objective for the company. Morgan Stanley decreased their price target on SciPlay from $17.00 to $13.00 and set an “equal weight” rating for the company in a research note on Friday, August 2nd. Goldman Sachs Group began coverage on SciPlay in a research note on Tuesday, May 28th. They set a “buy” rating and a $19.00 price target for the company. JPMorgan Chase & Co. began coverage on SciPlay in a research note on Tuesday, May 28th. They set an “overweight” rating and a $19.00 price target for the company. Finally, Bank of America began coverage on SciPlay in a research note on Tuesday, May 28th. They set a “buy” rating for the company. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. SciPlay currently has a consensus rating of “Buy” and a consensus price target of $18.06.

Hedge funds have recently modified their holdings of the stock. Atlas Capital Advisors LLC bought a new stake in SciPlay during the 2nd quarter valued at $27,000. Oppenheimer Asset Management Inc. bought a new stake in SciPlay during the 2nd quarter valued at $67,000. NJ State Employees Deferred Compensation Plan bought a new stake in SciPlay during the 2nd quarter valued at $329,000. Maven Securities LTD bought a new stake in SciPlay during the 2nd quarter valued at $354,000. Finally, Northern Trust Corp bought a new stake in SciPlay during the 2nd quarter valued at $602,000. 1.88% of the stock is owned by hedge funds and other institutional investors.

About SciPlay

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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