SciPlay Corp (NASDAQ:SCPL) Given Average Rating of “Hold” by Brokerages

SciPlay Corp (NASDAQ:SCPL) has received a consensus recommendation of “Hold” from the twelve brokerages that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $17.94.

SCPL has been the subject of several recent analyst reports. Wedbush restated an “outperform” rating and set a $20.00 target price on shares of SciPlay in a research note on Monday, July 29th. Bank of America cut SciPlay from a “buy” rating to an “underperform” rating and dropped their price target for the company from $17.00 to $12.00 in a research note on Thursday, September 19th. ValuEngine cut SciPlay from a “hold” rating to a “sell” rating in a research note on Tuesday, October 1st. Morgan Stanley dropped their price target on SciPlay from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 15th. Finally, Zacks Investment Research cut SciPlay from a “buy” rating to a “sell” rating in a research note on Tuesday, October 8th.

In other news, Director M. Mendel Pinson purchased 10,000 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was bought at an average cost of $10.26 per share, for a total transaction of $102,600.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

A number of hedge funds and other institutional investors have recently bought and sold shares of SCPL. Park West Asset Management LLC acquired a new stake in SciPlay in the second quarter valued at $45,650,000. Vanguard Group Inc. acquired a new stake in SciPlay during the 2nd quarter worth about $26,041,000. JPMorgan Chase & Co. acquired a new stake in SciPlay during the 2nd quarter worth about $16,692,000. SG Capital Management LLC grew its holdings in SciPlay by 142.3% during the 3rd quarter. SG Capital Management LLC now owns 1,867,601 shares of the company’s stock worth $19,983,000 after acquiring an additional 1,096,793 shares during the period. Finally, Carillon Tower Advisers Inc. acquired a new stake in SciPlay during the 2nd quarter worth about $11,518,000. Institutional investors and hedge funds own 18.48% of the company’s stock.

NASDAQ SCPL opened at $8.86 on Friday. The business’s fifty day simple moving average is $10.21. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.70 and a quick ratio of 2.70. SciPlay has a fifty-two week low of $8.26 and a fifty-two week high of $18.75.

SciPlay (NASDAQ:SCPL) last released its earnings results on Thursday, August 1st. The company reported $0.54 earnings per share for the quarter, topping the 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. The business’s revenue was up 18.5% compared to the same quarter last year. As a group, analysts predict that SciPlay will post 1.76 EPS for the current fiscal year.

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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Analyst Recommendations for SciPlay (NASDAQ:SCPL)

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