Susquehanna Bancshares assumed coverage on shares of Scientific Games (NASDAQ:SGMS) in a research note released on Friday, MarketBeat.com reports. The firm issued a positive rating and a $25.00 price objective on the technology company’s stock.

SGMS has been the topic of a number of other reports. BidaskClub lowered Scientific Games from a sell rating to a strong sell rating in a research report on Tuesday, November 13th. Deutsche Bank cut their price objective on Scientific Games to $26.00 and set a hold rating on the stock in a research report on Monday, November 12th. ValuEngine lowered Scientific Games from a buy rating to a hold rating in a research report on Thursday, August 9th. Credit Suisse Group assumed coverage on Scientific Games in a research report on Tuesday, August 14th. They issued an underperform rating and a $31.00 price objective on the stock. Finally, Jefferies Financial Group lowered Scientific Games from a buy rating to a hold rating and set a $22.00 price objective on the stock. in a research report on Friday, November 16th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. Scientific Games presently has an average rating of Hold and an average price target of $40.67.

Shares of SGMS stock traded down $1.04 during trading hours on Friday, reaching $16.86. The company’s stock had a trading volume of 1,558,977 shares, compared to its average volume of 2,101,727. Scientific Games has a one year low of $15.46 and a one year high of $62.80.

Scientific Games (NASDAQ:SGMS) last issued its quarterly earnings data on Thursday, November 8th. The technology company reported ($0.14) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.18) by $0.04. The business had revenue of $821.00 million during the quarter, compared to the consensus estimate of $828.92 million. Scientific Games’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.66) earnings per share. Research analysts forecast that Scientific Games will post -0.7 earnings per share for the current year.

In other news, Director Barry F. Schwartz purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, September 17th. The shares were bought at an average cost of $24.76 per share, for a total transaction of $123,800.00. Following the completion of the transaction, the director now directly owns 106,852 shares of the company’s stock, valued at approximately $2,645,655.52. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 40.48% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Waratah Capital Advisors Ltd. bought a new stake in shares of Scientific Games during the third quarter valued at approximately $305,000. Cubist Systematic Strategies LLC boosted its position in shares of Scientific Games by 136.6% during the second quarter. Cubist Systematic Strategies LLC now owns 32,125 shares of the technology company’s stock valued at $1,579,000 after purchasing an additional 18,548 shares in the last quarter. Sei Investments Co. boosted its position in shares of Scientific Games by 29,822.9% during the second quarter. Sei Investments Co. now owns 14,363 shares of the technology company’s stock valued at $706,000 after purchasing an additional 14,315 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Scientific Games by 3.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 300,551 shares of the technology company’s stock valued at $14,773,000 after purchasing an additional 9,491 shares in the last quarter. Finally, Nomura Holdings Inc. bought a new stake in shares of Scientific Games during the second quarter valued at approximately $364,000. Institutional investors own 66.21% of the company’s stock.

Scientific Games Company Profile

Scientific Games Corporation develops technology-based products and services, and related content for the gaming, lottery, and interactive gaming industries worldwide. The company's Gaming segment sells new and used gaming machines, electronic table systems, video lottery terminals (VLTs), conversion game kits, and spare parts; slot, casino, and table-management systems; table products, including shufflers; and perpetual licenses to proprietary table games.

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Analyst Recommendations for Scientific Games (NASDAQ:SGMS)

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