Playtika (NASDAQ:PLTK) Stock Rating Lowered by Wall Street Zen

Playtika (NASDAQ:PLTK) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Other equities research analysts also recently issued research reports about the stock. UBS Group reduced their price objective on shares of Playtika from $5.50 to $4.00 and set a “neutral” rating for the company in a report on Thursday, September 11th. Wedbush restated an “outperform” rating and set a $7.00 price target on shares of Playtika in a research report on Friday, October 31st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Playtika in a research note on Wednesday, October 8th. Finally, Loop Capital set a $3.75 price objective on shares of Playtika in a report on Monday, November 3rd. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Playtika presently has a consensus rating of “Hold” and an average price target of $6.00.

Playtika Price Performance

Shares of NASDAQ PLTK traded up $0.09 during midday trading on Friday, hitting $4.27. 2,560,471 shares of the company’s stock were exchanged, compared to its average volume of 2,075,276. Playtika has a twelve month low of $3.31 and a twelve month high of $8.80. The firm has a market cap of $1.60 billion, a P/E ratio of 17.79, a PEG ratio of 1.41 and a beta of 0.85. The stock’s 50 day moving average price is $3.67 and its 200-day moving average price is $4.29.

Playtika (NASDAQ:PLTK) last announced its earnings results on Thursday, November 6th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. Playtika had a negative return on equity of 104.93% and a net margin of 3.16%.The firm had revenue of $674.60 million for the quarter, compared to the consensus estimate of $669.60 million. During the same quarter in the previous year, the business earned $0.11 EPS. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. Playtika has set its FY 2025 guidance at EPS. On average, analysts expect that Playtika will post 0.65 EPS for the current fiscal year.

Institutional Trading of Playtika

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP boosted its holdings in Playtika by 117.1% during the first quarter. Allworth Financial LP now owns 4,996 shares of the company’s stock worth $26,000 after buying an additional 2,695 shares in the last quarter. Quarry LP bought a new position in shares of Playtika in the first quarter valued at $29,000. Ameritas Investment Partners Inc. acquired a new stake in shares of Playtika during the 2nd quarter valued at $27,000. US Bancorp DE lifted its position in shares of Playtika by 280.9% during the 1st quarter. US Bancorp DE now owns 6,707 shares of the company’s stock valued at $35,000 after acquiring an additional 4,946 shares during the last quarter. Finally, Brooklyn Investment Group boosted its stake in shares of Playtika by 15,890.5% during the 1st quarter. Brooklyn Investment Group now owns 6,716 shares of the company’s stock worth $35,000 after acquiring an additional 6,674 shares in the last quarter. 11.94% of the stock is owned by institutional investors and hedge funds.

About Playtika

Playtika Holding Corp., together with its subsidiaries, develops mobile games in the United States, Europe, Middle East, Africa, Asia pacific, and internationally. The company owns a portfolio of casual and social casino-themed games. It distributes its games to the end customer through various web and mobile platforms and direct-to-consumer platforms.