SciPlay Corp (NASDAQ:SCPL) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $13.76 and last traded at $13.86, with a volume of 3434 shares traded. The stock had previously closed at $14.71.
SCPL has been the subject of a number of recent analyst reports. Bank of America initiated coverage on SciPlay in a research note on Tuesday, May 28th. They issued a “buy” rating for the company. Wedbush initiated coverage on SciPlay in a research note on Tuesday, May 28th. They issued an “outperform” rating and a $20.00 price objective for the company. Stifel Nicolaus initiated coverage on SciPlay in a research note on Tuesday, May 28th. They issued a “buy” rating and a $18.50 price objective for the company. Deutsche Bank initiated coverage on SciPlay in a research note on Tuesday, May 28th. They issued a “buy” rating for the company. Finally, Craig Hallum initiated coverage on SciPlay in a research note on Thursday, May 23rd. They issued a “buy” rating and a $22.00 price objective for the company. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $19.31.
In other SciPlay news, CEO Joshua J. Wilson acquired 6,000 shares of SciPlay stock in a transaction on Tuesday, May 7th. The stock was purchased at an average price of $16.00 per share, for a total transaction of $96,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Park West Asset Management Llc purchased 497,500 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were purchased at an average price of $15.93 per share, with a total value of $7,925,175.00. The disclosure for this purchase can be found here. Insiders acquired a total of 759,500 shares of company stock valued at $11,904,675 in the last 90 days.
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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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