Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Scientific Games Corp (SGMS) Stock Price

News headlines about Scientific Games Corp (NASDAQ:SGMS) have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Scientific Games Corp earned a coverage optimism score of 0.22 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 45.510105332252 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

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Here are some of the news headlines that may have effected Accern’s analysis:

Scientific Games wins six-year contract with Colorado Lottery – Seeking Alpha (seekingalpha.com)
Scientific Games Corp (SGMS)’s Rank Correlation Trending Higher Near-Term – Evergreen Caller (evergreencaller.com)
Scientific Games Corp (SGMS) to Release Quarterly Earnings on Monday (americanbankingnews.com)
Boyd Gaming Installs Scientific Games’ Slot and Casino … – PR Newswire (press release) (prnewswire.com)
Scientific Games Corp (SGMS) Needle Moving 1.00% – Stock Press Daily (stockpressdaily.com)

Shares of Scientific Games Corp (NASDAQ:SGMS) traded up 2.94% during trading on Tuesday, reaching $26.30. 538,364 shares of the company traded hands. Scientific Games Corp has a 12-month low of $8.07 and a 12-month high of $27.20. The company has a 50 day moving average price of $24.76 and a 200 day moving average price of $20.85. The firm’s market capitalization is $2.34 billion.

Scientific Games Corp (NASDAQ:SGMS) last posted its earnings results on Thursday, April 27th. The technology company reported ($0.92) EPS for the quarter, missing the consensus estimate of ($0.74) by $0.18. The company had revenue of $725.40 million for the quarter, compared to analyst estimates of $706.74 million. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, equities analysts predict that Scientific Games Corp will post ($2.42) EPS for the current year.

A number of equities analysts have recently issued reports on the stock. Stifel Nicolaus reiterated a “hold” rating and set a $24.00 target price on shares of Scientific Games Corp in a research report on Friday. BidaskClub lowered shares of Scientific Games Corp from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 5th. Zacks Investment Research upgraded shares of Scientific Games Corp from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Tuesday, May 2nd. ValuEngine upgraded shares of Scientific Games Corp from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Telsey Advisory Group upped their target price on shares of Scientific Games Corp from $20.00 to $24.00 and gave the stock a “market perform” rating in a research report on Friday, April 28th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. Scientific Games Corp presently has an average rating of “Hold” and a consensus target price of $23.50.

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In other news, Director Michael Gavin Isaacs sold 154,951 shares of the business’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $22.81, for a total value of $3,534,432.31. Following the transaction, the director now owns 110,542 shares in the company, valued at approximately $2,521,463.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 41.53% of the stock is currently owned by insiders.

About Scientific Games Corp

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.