SciPlay (NASDAQ:SCPL) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of SciPlay (NASDAQ:SCPL) from a buy rating to a hold rating in a report released on Saturday morning, Zacks.com reports.

According to Zacks, “SciPlay Corporation is a developer and publisher of digital games on mobile and Web platforms. The Company offers games which includes social casino games Jackpot Party Casino, Gold Fish Casino, Hot Shot Casino and Quick Hit Slots and casual games MONOPOLY Slots, Bingo Showdown and 88 Fortunes Slots. SciPlay Corporation is based in Las Vegas, Nevada. “

A number of other analysts also recently commented on SCPL. Bank of America upgraded SciPlay from an underperform rating to a neutral rating and upped their price objective for the stock from $9.00 to $11.30 in a report on Wednesday, April 22nd. BidaskClub raised shares of SciPlay from a hold rating to a buy rating in a research report on Friday, May 15th. Morgan Stanley upped their price target on shares of SciPlay from $10.00 to $12.00 and gave the stock an equal weight rating in a research report on Tuesday, May 12th. ValuEngine raised shares of SciPlay from a sell rating to a hold rating in a research report on Monday, May 4th. Finally, Wedbush upped their price target on shares of SciPlay from $14.25 to $15.50 and gave the stock an outperform rating in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $13.08.

SCPL stock opened at $15.29 on Friday. The company has a market cap of $1.85 billion and a price-to-earnings ratio of 15.14. The company has a quick ratio of 6.39, a current ratio of 6.39 and a debt-to-equity ratio of 0.01. The business has a fifty day simple moving average of $13.85 and a 200-day simple moving average of $11.34. SciPlay has a 52 week low of $5.82 and a 52 week high of $15.81.

SciPlay (NASDAQ:SCPL) last released its quarterly earnings data on Monday, May 11th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. The business had revenue of $118.30 million during the quarter, compared to the consensus estimate of $120.53 million. SciPlay had a return on equity of 10.14% and a net margin of 4.96%. As a group, analysts expect that SciPlay will post 0.87 earnings per share for the current fiscal year.

In other SciPlay news, major shareholder Park West Asset Management Llc sold 584,400 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $13.92, for a total value of $8,134,848.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders sold 1,101,450 shares of company stock valued at $15,345,765. 0.16% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of SCPL. California Public Employees Retirement System acquired a new stake in shares of SciPlay in the 4th quarter valued at about $252,000. Principal Financial Group Inc. acquired a new stake in shares of SciPlay in the 4th quarter valued at about $213,000. Charles Schwab Investment Management Inc. raised its stake in shares of SciPlay by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 92,815 shares of the company’s stock valued at $1,141,000 after purchasing an additional 1,642 shares in the last quarter. Islay Capital Management LLC acquired a new stake in shares of SciPlay in the 4th quarter valued at about $74,000. Finally, Alambic Investment Management L.P. acquired a new stake in shares of SciPlay in the 4th quarter valued at about $224,000. Institutional investors and hedge funds own 15.90% of the company’s stock.

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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