Scientific Games Corp CEO Purchases $303,419 in Stock (SGMS)
Scientific Games Corp (NASDAQ:SGMS) CEO Michael Gavin Isaacs acquired 42,675 shares of the stock on the open market in a transaction that occurred on Friday, August 8th. The stock was purchased at an average price of $7.11 per share, with a total value of $303,419.25. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on SGMS. Analysts at Stifel Nicolaus downgraded shares of Scientific Games Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, August 6th. Separately, analysts at Citigroup Inc. downgraded shares of Scientific Games Corp from a “buy” rating to a “hold” rating in a research note on Monday, August 4th. They now have a $90.00 price target on the stock, up previously from $83.30. Finally, analysts at Buckingham Research initiated coverage on shares of Scientific Games Corp in a research note on Friday, June 27th. They set a “neutral” rating and a $11.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $30.25.
Shares of Scientific Games Corp (NASDAQ:SGMS) traded up 1.83% during mid-day trading on Tuesday, hitting $7.79. 2,282,215 shares of the company’s stock traded hands. Scientific Games Corp has a 52-week low of $6.97 and a 52-week high of $19.48. The stock’s 50-day moving average is $9.50 and its 200-day moving average is $11.51. The company’s market cap is $659.4 million.
Scientific Games Corp (NASDAQ:SGMS) last announced its earnings results on Tuesday, August 5th. The company reported ($0.86) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.27) by $0.59. The company had revenue of $416.90 million for the quarter, compared to the consensus estimate of $413.72 million. During the same quarter last year, the company posted ($0.15) earnings per share. Scientific Games Corp’s revenue was up 77.4% compared to the same quarter last year. On average, analysts predict that Scientific Games Corp will post $-1.16 earnings per share for the current fiscal year.
Scientific Games Corporation (NASDAQ:SGMS) is a global supplier of solutions to lottery and gaming organizations worldwide.
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