Brokerages Set SciPlay Corp (NASDAQ:SCPL) PT at $15.15

Shares of SciPlay Corp (NASDAQ:SCPL) have received a consensus recommendation of “Hold” from the sixteen research firms that are covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $15.15.

SCPL has been the topic of several research analyst reports. DA Davidson initiated coverage on SciPlay in a research report on Tuesday, January 21st. They issued a “buy” rating and a $15.00 price target on the stock. Goldman Sachs Group downgraded SciPlay from a “buy” rating to a “sell” rating and lowered their price target for the company from $12.00 to $10.00 in a research report on Tuesday, December 17th. SunTrust Banks initiated coverage on SciPlay in a research report on Monday, January 6th. They issued a “hold” rating and a $13.00 price target on the stock. BidaskClub raised SciPlay from a “strong sell” rating to a “sell” rating in a research report on Saturday, February 29th. Finally, ValuEngine downgraded SciPlay from a “hold” rating to a “sell” rating in a research report on Tuesday, March 3rd.

Shares of NASDAQ:SCPL traded up $0.52 during midday trading on Monday, hitting $9.09. The company’s stock had a trading volume of 110,900 shares, compared to its average volume of 165,351. The stock has a market capitalization of $1.08 billion and a price-to-earnings ratio of 5.94. The stock’s 50 day simple moving average is $9.22 and its 200 day simple moving average is $10.56. SciPlay has a fifty-two week low of $5.82 and a fifty-two week high of $18.75. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.03 and a current ratio of 5.03.

SciPlay (NASDAQ:SCPL) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.24). The firm had revenue of $112.90 million during the quarter, compared to the consensus estimate of $121.82 million. As a group, analysts anticipate that SciPlay will post 2.03 EPS for the current year.

In related news, CEO Joshua J. Wilson bought 5,000 shares of SciPlay stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average price of $8.94 per share, for a total transaction of $44,700.00. Following the completion of the purchase, the chief executive officer now owns 11,000 shares in the company, valued at $98,340. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its stake in shares of SciPlay by 1.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 92,815 shares of the company’s stock valued at $1,141,000 after buying an additional 1,642 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in SciPlay during the fourth quarter worth about $25,000. Islay Capital Management LLC bought a new position in SciPlay during the fourth quarter worth about $74,000. Engine Capital Management LP bought a new position in SciPlay during the fourth quarter worth about $123,000. Finally, Barclays PLC lifted its stake in SciPlay by 109.8% during the third quarter. Barclays PLC now owns 21,823 shares of the company’s stock worth $234,000 after purchasing an additional 11,423 shares during the period. Institutional investors and hedge funds own 16.93% of the company’s stock.

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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