Today, the EVP & Grp Chief Exec, Gaming of Scientific Games (NASDAQ: SGMS), Derik Mooberry, bought shares of SGMS for $1.02M.
In addition to Derik Mooberry, 4 other SGMS executives reported Buy trades in the last month.
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Based on Scientific Games’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $812 million and GAAP net loss of $202 million. In comparison, last year the company earned revenue of $725 million and had a GAAP net loss of $101 million. Currently, Scientific Games has an average volume of 1M.
Six different firms, including Merrill Lynch and Craig-Hallum, currently also have a Buy rating on the stock. Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $52.33, reflecting a 15.1% upside.
In the last 30 days, insiders have sold $16.64M worth of SGMS shares and purchased $2.2M worth of SGMS shares. The insider sentiment on Scientific Games has been negative according to 81 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Scientific Games Corp. engages in the development of technology-based products and services and associated content. It operates through the following business segments: Gaming, Lottery, and Interactive. The Gaming segment designs, develops, manufactures, markets, and distributes a comprehensive portfolio of gaming products and services.
