SciPlay (NASDAQ:SCPL) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of SciPlay (NASDAQ:SCPL) from a hold rating to a buy rating in a research report report published on Thursday morning, Zacks.com reports. The firm currently has $12.00 target price on the stock.

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 firms have also recently weighed in on SCPL. Morgan Stanley reduced their price target on SciPlay from $17.00 to $13.00 and set an equal weight rating for the company in a report on Friday, August 2nd. Bank of America began coverage on SciPlay in a report on Tuesday, May 28th. They issued a buy rating for the company. Wedbush reaffirmed an outperform rating and issued a $20.00 price target on shares of SciPlay in a report on Monday, July 29th. Stifel Nicolaus began coverage on SciPlay in a report on Tuesday, May 28th. They issued a buy rating and a $18.50 price target for the company. Finally, JPMorgan Chase & Co. began coverage on SciPlay in a report on Tuesday, May 28th. They issued an overweight rating and a $19.00 price target for the company. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. SciPlay presently has a consensus rating of Buy and a consensus price target of $18.06.

Shares of SCPL traded up $0.02 during mid-day trading on Thursday, reaching $10.51. The company had a trading volume of 301,773 shares, compared to its average volume of 421,720. SciPlay has a 52-week low of $9.64 and a 52-week high of $18.75. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.03. The company has a 50 day moving average price of $11.98.

SciPlay (NASDAQ:SCPL) last issued its earnings results on Thursday, August 1st. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.36. The company had revenue of $118.10 million during the quarter, compared to analysts’ expectations of $118.50 million. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. As a group, equities analysts anticipate that SciPlay will post 1.89 EPS for the current fiscal year.

In other news, Director M. Mendel Pinson bought 10,000 shares of SciPlay stock in a transaction on Monday, August 5th. The stock was acquired at an average price of $10.26 per share, with a total value of $102,600.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Park West Asset Management Llc bought 329,709 shares of SciPlay stock in a transaction on Friday, June 14th. The shares were purchased at an average cost of $13.38 per share, with a total value of $4,411,506.42. The disclosure for this purchase can be found here. Insiders have acquired 837,209 shares of company stock valued at $12,439,281 in the last three months.

Several institutional investors have recently made changes to their positions in SCPL. Atlas Capital Advisors LLC acquired a new stake in shares of SciPlay in the second quarter valued at approximately $27,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of SciPlay in the second quarter valued at approximately $67,000. NJ State Employees Deferred Compensation Plan acquired a new stake in shares of SciPlay in the second quarter valued at approximately $329,000. Charles Schwab Investment Management Inc. acquired a new stake in shares of SciPlay in the second quarter valued at approximately $1,157,000. Finally, Alpine Global Management LLC acquired a new stake in shares of SciPlay in the second quarter valued at approximately $2,057,000. 0.93% of the stock is owned by institutional investors and hedge funds.

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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