Scientific Games Corp (SGMS) Receiving Somewhat Negative Press Coverage, Study Finds
News headlines about Scientific Games Corp (NASDAQ:SGMS) have trended somewhat negative recently, according to Alpha One Sentiment Analysis. Alpha One, a unit of Accern, scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Scientific Games Corp earned a media sentiment score of -0.06 on Alpha One’s scale. Alpha One also gave news stories about the technology company an impact score of 84 out of 100, indicating that recent press coverage is very likely to have an impact on the company’s share price in the immediate future.
These are some of the media headlines that may have effected Alpha One Sentiment’s analysis:
- Scientific Games Corp (SGMS) Earning Favorable Press Coverage, Analysis Shows (ismboard.com)
- Scientific Games (SGMS) In Focus: Stock Moves 8.3% Higher – Nasdaq (nasdaq.com)
- Scientific Games Corp (SGMS) Quick Review of the Numbers … – Evergreen Caller (evergreencaller.com)
- Scientific Games Corp (SGMS) Seeing Increased Volatility in Session – Wall Street Review (thewallstreetreview.com)
- Scientific Games – Chart Of The Day (talkmarkets.com)
Several research analysts have commented on the stock. Stifel Nicolaus lifted their price objective on shares of Scientific Games Corp from $22.00 to $24.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. Zacks Investment Research raised shares of Scientific Games Corp from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Tuesday, March 7th. ValuEngine raised shares of Scientific Games Corp from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub raised shares of Scientific Games Corp from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 10th. Finally, Telsey Advisory Group lifted their price objective on shares of Scientific Games Corp from $13.00 to $20.00 and gave the stock a “market perform” rating in a research note on Friday, March 3rd. Seven research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $20.20.
Scientific Games Corp (SGMS) traded up 0.19% during mid-day trading on Friday, hitting $25.90. The stock had a trading volume of 731,468 shares. The firm’s 50-day moving average price is $23.86 and its 200 day moving average price is $20.11. Scientific Games Corp has a one year low of $8.07 and a one year high of $26.95. The company’s market cap is $2.30 billion.
Scientific Games Corp (NASDAQ:SGMS) last released its quarterly earnings results on Thursday, April 27th. The technology company reported ($0.92) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.74) by $0.18. The firm had revenue of $725.40 million during the quarter, compared to analyst estimates of $706.74 million. Scientific Games Corp’s revenue was up 6.4% compared to the same quarter last year. On average, equities research analysts anticipate that Scientific Games Corp will post ($2.45) EPS for the current year.
In other news, Director Michael Gavin Isaacs sold 154,951 shares of the stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $22.81, for a total transaction of $3,534,432.31. Following the completion of the transaction, the director now directly owns 110,542 shares in the company, valued at approximately $2,521,463.02. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 42.03% of the company’s stock.
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Scientific Games Corp Company Profile
Scientific Games Corporation is a developer of technology-based products and services and associated content for the gaming, lottery and interactive gaming industries. Its segments include Gaming, Lottery and Interactive. Its portfolio includes gaming machines and game content, casino management systems, table game products and services, instant and draw-based lottery games, server-based gaming and lottery systems, sports betting technology, lottery content and services, loyalty and rewards programs, interactive gaming and social casino solutions.
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