Wall Street Zen lowered shares of Playtika (NASDAQ:PLTK – Free Report) from a buy rating to a hold rating in a research note issued to investors on Saturday.
A number of other equities research analysts have also recently weighed in on the company. Weiss Ratings restated a “sell (d)” rating on shares of Playtika in a report on Friday, May 29th. TD Cowen reaffirmed a “buy” rating on shares of Playtika in a report on Tuesday, June 9th. Morgan Stanley set a $4.25 target price on Playtika in a research report on Monday, August 10th. Roth Capital upped their target price on Playtika from $3.00 to $3.50 and gave the company a “neutral” rating in a report on Wednesday, May 27th. Finally, Wedbush raised their price target on Playtika from $3.00 to $4.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Playtika presently has an average rating of “Hold” and a consensus target price of $4.11.
Read Our Latest Research Report on Playtika
Playtika Trading Up 0.9%
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. AXQ Capital LP purchased a new position in Playtika in the 2nd quarter valued at about $70,000. Headlands Technologies LLC purchased a new stake in shares of Playtika during the second quarter worth about $173,000. Two Sigma Securities LLC acquired a new position in shares of Playtika in the second quarter valued at approximately $118,000. Public Employees Retirement System of Ohio raised its position in shares of Playtika by 62.7% in the second quarter. Public Employees Retirement System of Ohio now owns 165,394 shares of the company’s stock valued at $615,000 after buying an additional 63,717 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of Playtika by 115.8% in the second quarter. Bank of America Corp DE now owns 131,977 shares of the company’s stock valued at $491,000 after buying an additional 70,806 shares during the last quarter. 11.94% of the stock is currently owned by hedge funds and other institutional investors.
About Playtika
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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