SciPlay (NASDAQ:SCPL) Downgraded by Zacks Investment Research

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Zacks Investment Research downgraded shares of SciPlay (NASDAQ:SCPL) from a buy rating to a hold rating in a research note issued to investors 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 research analysts also recently weighed in on the stock. BidaskClub upgraded shares of SciPlay from a hold rating to a buy rating in a report on Friday, May 15th. Bank of America upgraded shares of SciPlay from an underperform rating to a neutral rating and raised their price target for the company from $9.00 to $11.30 in a report on Wednesday, April 22nd. Morgan Stanley raised their price target on shares of SciPlay from $10.00 to $12.00 and gave the company an equal weight rating in a report on Tuesday, May 12th. Stephens raised their target price on shares of SciPlay from $12.50 to $14.00 and gave the company an in-line rating in a research note on Tuesday, May 12th. Finally, ValuEngine upgraded shares of SciPlay from a sell rating to a hold rating in a research note on Monday, May 4th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price 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 50 day moving average of $13.85 and a two-hundred day moving average of $11.34. The company has a quick ratio of 6.39, a current ratio of 6.39 and a debt-to-equity ratio of 0.01. SciPlay has a 12-month low of $5.82 and a 12-month high of $15.81.

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

In other SciPlay news, major shareholder Park West Asset Management Llc sold 584,400 shares of the firm’s stock in a transaction on 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 document filed with the SEC, which can be accessed through this link. Insiders sold a total of 1,101,450 shares of company stock worth $15,345,765 over the last 90 days. Company insiders own 0.16% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its position in SciPlay by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 92,815 shares of the company’s stock worth $1,141,000 after purchasing an additional 1,642 shares during the last quarter. Wells Fargo & Company MN grew its position in SciPlay by 13.5% in the 1st quarter. Wells Fargo & Company MN now owns 31,211 shares of the company’s stock worth $297,000 after purchasing an additional 3,715 shares during the last quarter. Islay Capital Management LLC acquired a new stake in SciPlay in the 4th quarter worth $74,000. Wellington Management Group LLP grew its position in SciPlay by 1.2% in the 1st quarter. Wellington Management Group LLP now owns 528,190 shares of the company’s stock worth $5,030,000 after purchasing an additional 6,345 shares during the last quarter. Finally, Engine Capital Management LP acquired a new stake in SciPlay in the 4th quarter worth $123,000. Institutional investors own 15.90% 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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