Playtika (NASDAQ:PLTK) Earns “Sell (D+)” Rating from Weiss Ratings

Playtika (NASDAQ:PLTK)‘s stock had its “sell (d+)” rating reaffirmed by stock analysts at Weiss Ratings in a research report issued on Saturday,Weiss Ratings reports.

A number of other brokerages have also commented on PLTK. Wall Street Zen upgraded shares of Playtika from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. UBS Group decreased their price target on shares of Playtika from $5.50 to $4.00 and set a “neutral” rating on the stock in a research note on Thursday, September 11th. Finally, Wedbush cut their price objective on shares of Playtika from $11.50 to $7.00 and set an “outperform” rating for the company in a report on Friday, August 8th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Playtika has a consensus rating of “Hold” and a consensus price target of $6.66.

Playtika Price Performance

Playtika stock opened at $3.67 on Friday. The firm has a market capitalization of $1.38 billion, a PE ratio of 15.29, a P/E/G ratio of 1.24 and a beta of 0.86. The company’s 50-day moving average is $3.65 and its 200-day moving average is $4.37. Playtika has a fifty-two week low of $3.31 and a fifty-two week high of $8.80.

Playtika (NASDAQ:PLTK) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.13). The firm had revenue of $696.00 million for the quarter, compared to analyst estimates of $706.03 million. Playtika had a negative return on equity of 83.90% and a net margin of 3.23%.The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.23 earnings per share. Playtika has set its FY 2025 guidance at EPS. As a group, analysts expect that Playtika will post 0.65 EPS for the current year.

Institutional Trading of Playtika

Institutional investors and hedge funds have recently made changes to their positions in the company. Allworth Financial LP lifted its holdings in shares of Playtika by 117.1% during the 1st quarter. Allworth Financial LP now owns 4,996 shares of the company’s stock worth $26,000 after acquiring an additional 2,695 shares during the period. Ameritas Investment Partners Inc. bought a new stake in shares of Playtika during the 2nd quarter worth approximately $27,000. Quarry LP bought a new stake in shares of Playtika during the 1st quarter worth approximately $29,000. US Bancorp DE lifted its holdings in shares of Playtika by 280.9% during the 1st quarter. US Bancorp DE now owns 6,707 shares of the company’s stock worth $35,000 after acquiring an additional 4,946 shares during the period. Finally, Brooklyn Investment Group lifted its holdings 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 during the period. Institutional investors own 11.94% of the company’s stock.

Playtika Company Profile

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.