Playtika Holding Corp. (NASDAQ:PLTK – Get Free Report)’s stock price was up 7.7% on Tuesday . The stock traded as high as $3.76 and last traded at $3.8350. Approximately 928,718 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 1,631,749 shares. The stock had previously closed at $3.56.
Analyst Upgrades and Downgrades
PLTK has been the subject of several analyst reports. Wedbush cut shares of Playtika from an “outperform” rating to a “neutral” rating and set a $3.00 price target for the company. in a report on Monday, March 2nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Playtika in a research report on Friday, May 29th. The Goldman Sachs Group dropped their target price on Playtika from $4.75 to $4.25 and set a “neutral” rating on the stock in a report on Monday, March 2nd. Roth Mkm lifted their price target on Playtika from $3.00 to $3.50 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Playtika in a research report on Tuesday, June 9th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Playtika has a consensus rating of “Hold” and a consensus price target of $4.00.
Read Our Latest Research Report on Playtika
Playtika Stock Up 5.0%
Playtika (NASDAQ:PLTK – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.22). Playtika had a negative return on equity of 67.46% and a negative net margin of 10.54%.The company had revenue of $744.70 million for the quarter, compared to analysts’ expectations of $694.68 million. During the same quarter in the prior year, the firm posted $0.08 EPS. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. Sell-side analysts predict that Playtika Holding Corp. will post 0.64 EPS for the current fiscal year.
Hedge Funds Weigh In On Playtika
Several large investors have recently bought and sold shares of PLTK. AQR Capital Management LLC boosted its stake in Playtika by 65.7% in the second quarter. AQR Capital Management LLC now owns 6,331,123 shares of the company’s stock valued at $29,630,000 after acquiring an additional 2,511,228 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Playtika by 20.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 3,972,998 shares of the company’s stock worth $15,455,000 after purchasing an additional 679,564 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Playtika by 19.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,708,556 shares of the company’s stock valued at $17,541,000 after purchasing an additional 595,494 shares during the period. Vanguard Group Inc. grew its stake in Playtika by 15.7% during the 3rd quarter. Vanguard Group Inc. now owns 3,191,732 shares of the company’s stock worth $12,416,000 after buying an additional 432,060 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Playtika by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 1,765,918 shares of the company’s stock worth $6,976,000 after buying an additional 33,306 shares during the last quarter. Institutional investors and hedge funds own 11.94% of the company’s stock.
Playtika Company Profile
Playtika Ltd. (NASDAQ: PLTK) is a leading developer and publisher of free-to-play mobile and social games. Established in 2010 and headquartered in Herzliya, Israel, the company has built a reputation for creating engaging, social casino and casual gaming experiences. Playtika’s platform leverages data-driven analytics and in-game community features to drive player retention and monetization across multiple titles.
The company’s diverse portfolio includes flagship social casino games such as Slotomania, Bingo Blitz and Caesars Casino, as well as skill-based and casual offerings like World Series of Poker and House of Fun.
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