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Light & Wonder, Inc. (NASDAQ:LNW) President and CEO Matthew R. Wilson recently executed several stock transactions, according to a Form 4 filing with the Securities and Exchange Commission. On March 7, Wilson sold a total of 18,243 shares of Light & Wonder common stock, generating approximately $1.9 million. The shares were sold at prices ranging from $103.97 to $104.99.
In addition to the sales, Wilson also engaged in a transaction on March 5 to satisfy tax withholding obligations, which involved 6,037 shares at a price of $106.19, totaling around $641,069. Following these transactions, Wilson’s direct ownership of Light & Wonder common stock stands at 142,246 shares.
These transactions are part of Wilson’s ongoing management of his equity holdings in the company, as he continues to lead Light & Wonder in his role as President and CEO.
In other recent news, Light & Wonder reported its fourth-quarter 2024 financial results, showcasing a robust earnings performance. The company achieved an earnings per share (EPS) of $1.42, significantly surpassing the forecasted $0.94, despite a slight revenue shortfall with actual revenue at $797 million compared to an expected $805 million. Analysts from Benchmark, Mizuho (NYSE:MFG), and Macquarie have reacted differently to these results. Benchmark raised its stock target for Light & Wonder to $130 while maintaining a Buy rating, citing the company’s strong Adjusted EBITDA performance and strategic market expansion efforts.
Mizuho, on the other hand, increased its price target to $80 but maintained an Underperform rating, pointing to mixed performance in the Gaming Operations segment. Macquarie raised the stock price target to $125, maintaining an Outperform rating, and highlighted the company’s strong performance in the social gaming and iGaming segments. Light & Wonder also confirmed its guidance for 2025 Adjusted EBITDA at $1.4 billion, driven by anticipated sustained revenue growth from investments in Gaming, SciPlay (NASDAQ:SCPL), and iGaming.
Additionally, Light & Wonder is in the process of acquiring Grover Gaming, with completion expected in the second quarter of 2025, aiming to diversify revenue streams. The company is also executing a $1 billion share repurchase program, reflecting its commitment to returning value to shareholders. As part of its growth strategy, Light & Wonder is looking to expand into international markets, including Brazil, while no significant U.S. iGaming legislation is expected to pass in 2025.
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