Playtika Holding Corp. (NASDAQ:PLTK – Get Free Report) hit a new 52-week low on Tuesday . The stock traded as low as $2.61 and last traded at $2.6150, with a volume of 1486048 shares traded. The stock had previously closed at $2.80.
Analysts Set New Price Targets
PLTK has been the subject of several analyst reports. Wall Street Zen raised Playtika from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. The Goldman Sachs Group set a $3.75 price target on Playtika in a report on Friday, August 7th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Playtika in a research note on Friday, May 29th. Morgan Stanley set a $4.25 price objective on shares of Playtika in a research report on Monday. Finally, Wedbush raised their target price on shares of Playtika from $3.00 to $4.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Playtika has an average rating of “Hold” and an average price target of $4.11.
Read Our Latest Research Report on Playtika
Playtika Stock Down 11.2%
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC boosted its position in Playtika by 65.7% in the 2nd quarter. AQR Capital Management LLC now owns 6,331,123 shares of the company’s stock valued at $29,630,000 after buying an additional 2,511,228 shares during the period. BlackRock Inc. bought a new stake in shares of Playtika during the second quarter valued at approximately $22,230,000. Arrowstreet Capital Limited Partnership raised its stake 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 valued at $15,455,000 after acquiring an additional 679,564 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Playtika by 19.1% in the second 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. Finally, Vanguard Group Inc. boosted its holdings in shares of Playtika by 15.7% in the third quarter. Vanguard Group Inc. now owns 3,191,732 shares of the company’s stock valued at $12,416,000 after purchasing an additional 432,060 shares during the period. Hedge funds and other institutional investors 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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