Scientific Games Corp. (SGMS) Trading Down 5.6%
Scientific Games Corp. (NASDAQ:SGMS) traded down 5.6% during mid-day trading on Tuesday . The stock traded as low as $8.48 and last traded at $8.92, with a volume of 483,690 shares traded. The stock had previously closed at $9.45.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Scientific Games Corp. from a “hold” rating to a “strong-buy” rating and set a $12.00 target price on the stock in a report on Wednesday, April 27th. Deutsche Bank AG restated a “hold” rating and issued a $7.00 target price on shares of Scientific Games Corp. in a report on Sunday, June 26th. Sterne Agee CRT restated a “buy” rating and issued a $13.50 target price (down previously from $15.50) on shares of Scientific Games Corp. in a report on Friday, May 6th. Telsey Advisory Group dropped their target price on shares of Scientific Games Corp. from $10.00 to $8.00 and set a “market perform” rating on the stock in a report on Friday, May 6th. Finally, Goldman Sachs Group Inc. restated a “sell” rating and issued a $5.70 target price (up previously from $5.00) on shares of Scientific Games Corp. in a report on Thursday, May 26th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $11.29.
The company’s 50 day moving average is $9.32 and its 200 day moving average is $8.51. The stock’s market cap is $762.68 million.
Scientific Games Corp. (NASDAQ:SGMS) last posted its quarterly earnings data on Thursday, May 5th. The company reported ($1.07) EPS for the quarter, missing the consensus estimate of ($0.97) by $0.10. The company had revenue of $682 million for the quarter, compared to analysts’ expectations of $693.88 million. During the same period in the previous year, the business posted ($1.01) EPS. Analysts anticipate that Scientific Games Corp. will post ($3.35) earnings per share for the current fiscal year.
Several hedge funds and institutional investors have recently bought and sold shares of the company. Gabelli Funds LLC raised its position in Scientific Games Corp. by 5.3% in the fourth quarter. Gabelli Funds LLC now owns 345,000 shares of the company’s stock valued at $3,095,000 after buying an additional 17,500 shares during the period. Teton Advisors Inc. raised its position in Scientific Games Corp. by 22.9% in the fourth quarter. Teton Advisors Inc. now owns 236,000 shares of the company’s stock valued at $2,117,000 after buying an additional 44,000 shares during the period. Morgan Stanley raised its position in Scientific Games Corp. by 32.6% in the fourth quarter. Morgan Stanley now owns 1,224,805 shares of the company’s stock valued at $10,987,000 after buying an additional 300,998 shares during the period. Finally, Russell Frank Co raised its position in Scientific Games Corp. by 33.1% in the fourth quarter. Russell Frank Co now owns 220,195 shares of the company’s stock valued at $1,956,000 after buying an additional 54,706 shares during the period.
Scientific Games Corporation is a developer of technology-based products and services, and associated content for the gaming, lottery and interactive gaming industries. The Company operates through three segments: Gaming, Lottery and Interactive. The Company’s portfolio includes gaming machines and game content, casino management systems, table game products and services, instant and draw-based lottery games, server-based gaming and lottery systems, sports betting technology, lottery content and services, loyalty and rewards programs, interactive gaming and social casino solutions.
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