Scientific Games Corp. CFO Scott D. Schweinfurth Purchases 20,000 Shares (SGMS)
Scientific Games Corp. (NASDAQ:SGMS) CFO Scott D. Schweinfurth acquired 20,000 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was purchased at an average price of $9.09 per share, with a total value of $181,800.00. Following the completion of the acquisition, the chief financial officer now directly owns 20,000 shares in the company, valued at approximately $181,800. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Scientific Games Corp. (NASDAQ:SGMS) traded up 6.53% during mid-day trading on Tuesday, hitting $9.79. The stock had a trading volume of 3,173,049 shares. Scientific Games Corp. has a 1-year low of $8.28 and a 1-year high of $19.48. The stock’s 50-day moving average is $12.12 and its 200-day moving average is $14.96. The company’s market cap is $825.3 million. Scientific Games Corp. also was the target of a large decrease in short interest during the month of April. As of April 30th, there was short interest totalling 2,993,226 shares, a decrease of 36.7% from the April 15th total of 4,729,787 shares. Currently, 6.0% of the shares of the stock are short sold. Based on an average daily volume of 2,288,661 shares, the short-interest ratio is currently 1.3 days.
Scientific Games Corp. (NASDAQ:SGMS) last released its earnings data on Thursday, May 8th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by $0.56. The company had revenue of $388.10 million for the quarter, compared to the consensus estimate of $421.02 million. During the same quarter in the previous year, the company posted ($0.16) earnings per share. The company’s revenue for the quarter was up 76.7% on a year-over-year basis. Analysts expect that Scientific Games Corp. will post $-0.42 EPS for the current fiscal year.
A number of analysts have recently weighed in on SGMS shares. Analysts at JPMorgan Chase & Co. cut their price target on shares of Scientific Games Corp. from $16.00 to $13.00 in a research note on Friday. They now have an “overweight” rating on the stock. Finally, analysts at Credit Agricole upgraded shares of Scientific Games Corp. from a “sell” rating to an “outperform” rating in a research note on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $11.33.
Scientific Games Corporation (NASDAQ:SGMS) is a global supplier of solutions to lottery and gaming organizations worldwide.
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