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Director Hamish McLennan of Light & Wonder, Inc. EXCHANGE:LNW, recently purchased 1,380 shares of the company’s common stock at a price of $87.61, for a total transaction value of $120,901.
The transaction, which occurred on August 12, 2025, was for shares held indirectly in a superannuation fund. Following the purchase, Mr. McLennan indirectly holds 6,380 shares through the Superannuation Fund, and directly holds 31,782 shares. He also indirectly holds 9,750 shares through the Londolozi Family Trust. InvestingPro analysis reveals 10+ additional insights about Light & Wonder’s performance and prospects, available in the comprehensive Pro Research Report, which provides deep-dive analysis of 1,400+ top stocks.
In other recent news, Light & Wonder reported its second-quarter 2025 earnings, revealing an earnings per share (EPS) of $1.58, which exceeded analyst expectations of $1.36 by 16.18%. However, the company’s revenue fell short of projections, coming in at $809 million compared to the anticipated $851.1 million. Despite the revenue miss, Light & Wonder’s adjusted EBITDA of $352 million slightly surpassed the analyst forecast of $351.7 million. The company recently revised its full-year 2025 EBITDA guidance to include contributions from its Grover acquisition, setting a range of $1.43 billion to $1.47 billion.
JPMorgan downgraded Light & Wonder’s stock rating from Overweight to Neutral, citing concerns about the company’s ability to meet its original EBITDA targets through organic growth alone. Meanwhile, Benchmark maintained a Buy rating on the company but lowered its price target from $100.00 to $90.00 due to the revenue shortfall. These developments highlight the mixed reactions from analysts regarding Light & Wonder’s recent performance and future prospects.
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