Light & Wonder director Odell buys shares worth $3k

Light & Wonder (NASDAQ:LNW) director Jamie Odell reported purchasing 36 shares of common stock on August 11 at $84.18 per share, for a total transaction value of $3,030. Following the transaction, Odell directly owns 15,470 shares.

The purchase was made indirectly through a child. Odell also indirectly owns 8,275 shares through New Dusk Pty Ltd (Odell Family Trust) and 10,000 shares through the Jamie and Caroline Odell Superannuation Fund. The company maintains a "GOOD" financial health rating, with strong liquidity metrics. For deeper insights into insider trading patterns and 8 additional exclusive ProTips, visit InvestingPro.

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 experienced a revenue shortfall, reporting $809 million compared to the consensus estimate of $851.1 million. Despite this revenue miss, the company’s adjusted EBITDA of $352 million slightly surpassed the forecast of $351.7 million. Additionally, Benchmark adjusted its price target for Light & Wonder to $90.00 from $100.00, maintaining a Buy rating despite the revenue miss. In another development, JPMorgan downgraded Light & Wonder from Overweight to Neutral, reducing the price target to $95.00 from $108.00. The downgrade was attributed to concerns about the company’s ability to meet its original EBITDA targets through organic growth alone. JPMorgan highlighted that the revised FY25 EBITDA guidance of $1.43 billion to $1.47 billion now factors in contributions from the Grover acquisition. These updates reflect ongoing evaluations of Light & Wonder’s financial performance and strategic direction.

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