SciPlay (NASDAQ:SCPL) Coverage Initiated at DA Davidson

DA Davidson began coverage on shares of SciPlay (NASDAQ:SCPL) in a research report sent to investors on Tuesday morning, Benzinga reports. The firm issued a buy rating and a $15.00 target price on the stock.

A number of other brokerages have also issued reports on SCPL. ValuEngine lowered SciPlay from a hold rating to a sell rating in a research report on Tuesday, October 1st. Wedbush reiterated a buy rating and set a $14.25 target price on shares of SciPlay in a research report on Friday, November 8th. Goldman Sachs Group lowered SciPlay from a buy rating to a sell rating and decreased their target price for the company from $12.00 to $10.00 in a research report on Tuesday, December 17th. Zacks Investment Research lowered SciPlay from a hold rating to a strong sell rating in a research report on Tuesday, November 12th. Finally, Morgan Stanley decreased their price objective on SciPlay from $13.00 to $12.00 and set an equal weight rating on the stock in a report on Tuesday, October 15th. Four investment analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company’s stock. SciPlay presently has a consensus rating of Hold and an average target price of $15.56.

Shares of NASDAQ:SCPL opened at $11.85 on Tuesday. SciPlay has a 1 year low of $8.26 and a 1 year high of $18.75. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.02. The business’s 50 day moving average price is $12.37 and its 200-day moving average price is $10.90.

SciPlay (NASDAQ:SCPL) last announced its earnings results on Thursday, November 7th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.55). The firm had revenue of $116.40 million during the quarter, compared to analysts’ expectations of $121.74 million. During the same quarter last year, the business earned $0.41 EPS. SciPlay’s quarterly revenue was up 10.5% on a year-over-year basis. Research analysts predict that SciPlay will post 1.5 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the business. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of SciPlay in the 4th quarter worth $25,000. KAMES CAPITAL plc acquired a new stake in shares of SciPlay in the 4th quarter worth $2,462,000. Maple Rock Capital Partners Inc. acquired a new stake in shares of SciPlay in the 3rd quarter worth $6,420,000. Squarepoint Ops LLC increased its stake in shares of SciPlay by 81.7% in the 3rd quarter. Squarepoint Ops LLC now owns 123,238 shares of the company’s stock worth $1,319,000 after acquiring an additional 55,424 shares during the last quarter. Finally, Barclays PLC increased its stake in shares of SciPlay by 109.8% in the 3rd quarter. Barclays PLC now owns 21,823 shares of the company’s stock worth $234,000 after acquiring an additional 11,423 shares during the last quarter. 16.39% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for SciPlay (NASDAQ:SCPL)

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