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James Sottile, the Executive Vice President, Chief Legal Officer, and Corporate Secretary of Light & Wonder, Inc. (NASDAQ:LNW), recently made significant moves in his holdings of the company’s stock. According to a recent SEC filing, Sottile sold 2,356 shares of common stock on March 6, 2025, at a price of $105.54 per share, amounting to a total of $248,652. Based on InvestingPro analysis, the stock currently appears slightly undervalued, with the company maintaining a "GREAT" overall financial health score.
In addition to the sale, Sottile also disposed of 2,241 shares on March 5, 2025, at a price of $106.19 per share to satisfy tax withholding obligations, totaling $237,971.
Following these transactions, Sottile’s direct ownership of Light & Wonder’s common stock amounts to 77,331 shares.
In other recent news, Light & Wonder reported its fourth-quarter 2024 financial results, which showed a slight revenue miss at $797 million against an expected $805 million but a significant earnings per share (EPS) beat at $1.42, far exceeding the forecast of $0.94. The company also reported an Adjusted EBITDA of $315 million, surpassing market expectations. Despite the revenue shortfall, the company confirmed its guidance for 2025, targeting an Adjusted EBITDA of $1.4 billion. Light & Wonder is also in the process of acquiring Grover Gaming, a move expected to diversify its revenue streams and enhance cash flow in the second half of 2025. The company is actively pursuing a $1 billion share repurchase program, having bought back $243 million worth of shares in the fourth quarter alone. Analyst firms have responded with mixed outlooks: Benchmark raised its price target to $130 while maintaining a Buy rating, and Macquarie increased its target to $125, also with an Outperform rating. Meanwhile, Mizuho (NYSE:MFG) raised its price target to $80 but maintained an Underperform rating. These developments highlight Light & Wonder’s strategic focus on growth through acquisitions and market expansion.
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