SciPlay (NASDAQ:SCPL) Given New $13.50 Price Target at HC Wainwright

SciPlay (NASDAQ:SCPLGet Rating) had its price objective decreased by HC Wainwright to $13.50 in a research note released on Tuesday morning, Stock Target Advisor reports. HC Wainwright currently has an equal weight rating on the stock.

A number of other analysts have also weighed in on SCPL. Zacks Investment Research lowered shares of SciPlay from a hold rating to a strong sell rating in a research note on Tuesday, January 18th. Macquarie set a $20.00 price objective on shares of SciPlay in a report on Wednesday, January 26th. DA Davidson raised shares of SciPlay from a neutral rating to a buy rating and set a $18.00 price objective on the stock in a report on Thursday, March 3rd. Truist Financial raised shares of SciPlay from a hold rating to a buy rating and increased their price objective for the company from $14.00 to $15.00 in a report on Thursday, May 12th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of SciPlay from $21.00 to $17.00 and set a buy rating on the stock in a research note on Thursday, March 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Hold and an average target price of $17.44.

NASDAQ SCPL opened at $13.17 on Tuesday. The company has a fifty day simple moving average of $13.02 and a two-hundred day simple moving average of $13.94. The stock has a market cap of $1.69 billion, a P/E ratio of 17.56 and a beta of 0.25. SciPlay has a 12-month low of $10.75 and a 12-month high of $22.29.

SciPlay (NASDAQ:SCPLGet Rating) last posted its quarterly earnings results on Tuesday, March 1st. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.62. The business had revenue of $154.40 million during the quarter, compared to analysts’ expectations of $154.46 million. SciPlay had a net margin of 3.00% and a return on equity of 7.25%. During the same quarter last year, the company posted $0.18 earnings per share. On average, sell-side analysts forecast that SciPlay will post 0.95 earnings per share for the current year.

Several large investors have recently modified their holdings of the company. Engine Capital Management LP increased its stake in SciPlay by 9.6% in the 1st quarter. Engine Capital Management LP now owns 1,983,207 shares of the company’s stock valued at $25,623,000 after buying an additional 173,468 shares during the period. TIG Advisors LLC acquired a new stake in SciPlay in the 3rd quarter valued at about $36,790,000. Caledonia Private Investments Pty Ltd grew its stake in SciPlay by 6.5% in the 1st quarter. Caledonia Private Investments Pty Ltd now owns 1,659,498 shares of the company’s stock valued at $21,441,000 after acquiring an additional 100,845 shares during the last quarter. Bank of America Corp DE grew its stake in SciPlay by 91.3% in the 4th quarter. Bank of America Corp DE now owns 1,209,400 shares of the company’s stock valued at $16,665,000 after acquiring an additional 577,310 shares during the last quarter. Finally, Balyasny Asset Management LLC acquired a new stake in SciPlay in the 3rd quarter valued at about $21,866,000. Institutional investors and hedge funds own 18.63% of the company’s stock.

SciPlay Company Profile (Get Rating)

SciPlay Corporation develops, markets, and operates a portfolio of social games for mobile and web platforms in North America and internationally. It offers social casino games, such as Jackpot Party Casino, Gold Fish Casino, Quick Hit Slots, 88 Fortunes Slots, MONOPOLY Slots, and Hot Shot Casino, as well as casual games comprising Bingo Showdown, Solitaire Pets Adventure, and Backgammon Live.

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