Scientific Games (NASDAQ:SGMS) Price Target Increased to $105.00 by Analysts at Craig Hallum

Scientific Games (NASDAQ:SGMS) had its price target boosted by Craig Hallum from $100.00 to $105.00 in a research note released on Friday morning, The Fly reports. Craig Hallum currently has a buy rating on the technology company’s stock.

Several other analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Scientific Games from a buy rating to a hold rating and set a $71.00 price target on the stock. in a research report on Wednesday, August 11th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Scientific Games from $54.00 to $63.00 and gave the stock a hold rating in a report on Tuesday, August 10th. Truist raised their price objective on shares of Scientific Games from $68.00 to $90.00 and gave the stock a buy rating in a report on Thursday, July 1st. Jefferies Financial Group raised their price objective on shares of Scientific Games from $62.00 to $95.00 and gave the stock a buy rating in a report on Wednesday, June 30th. Finally, Credit Suisse Group raised their price objective on shares of Scientific Games from $36.00 to $39.00 and gave the stock an underperform rating in a report on Tuesday, August 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and an average price target of $73.90.

NASDAQ SGMS opened at $81.28 on Friday. The firm has a market capitalization of $7.83 billion, a price-to-earnings ratio of -65.55 and a beta of 2.06. The company’s fifty day moving average is $69.39 and its two-hundred day moving average is $62.80. Scientific Games has a 52-week low of $30.11 and a 52-week high of $82.58.

Scientific Games (NASDAQ:SGMS) last posted its quarterly earnings results on Monday, August 9th. The technology company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $1.01. The company had revenue of $880.00 million during the quarter, compared to analyst estimates of $771.73 million. The business’s revenue for the quarter was up 63.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($2.15) earnings per share. Sell-side analysts forecast that Scientific Games will post 1.2 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in the stock. American Century Companies Inc. lifted its holdings in Scientific Games by 1.3% during the 2nd quarter. American Century Companies Inc. now owns 12,968 shares of the technology company’s stock valued at $1,004,000 after purchasing an additional 170 shares during the last quarter. Texas Permanent School Fund raised its stake in shares of Scientific Games by 0.5% in the second quarter. Texas Permanent School Fund now owns 42,244 shares of the technology company’s stock worth $3,271,000 after acquiring an additional 198 shares during the last quarter. IFP Advisors Inc raised its stake in shares of Scientific Games by 422.5% in the second quarter. IFP Advisors Inc now owns 465 shares of the technology company’s stock worth $36,000 after acquiring an additional 376 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of Scientific Games by 17.4% in the second quarter. O Shaughnessy Asset Management LLC now owns 3,310 shares of the technology company’s stock worth $256,000 after acquiring an additional 490 shares during the last quarter. Finally, Cypress Point Wealth Management LLC bought a new position in shares of Scientific Games in the second quarter worth about $39,000. 85.30% of the stock is owned by hedge funds and other institutional investors.

Scientific Games Company Profile

Scientific Games Corp. engages in the development of technology-based products and services and associated content. It operates through the following business segments: Gaming, Lottery, and SciPlay, and Digital. The Gaming segment designs, develops, manufactures, markets, and distributes a comprehensive portfolio of gaming products and services.

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