Playtika (NASDAQ:PLTK - Get Rating) had its price objective cut by analysts at The Goldman Sachs Group from $17.00 to $15.00 in a research report issued on Monday, Stock Target Advisor reports. The firm currently has a "neutral" rating on the stock. The Goldman Sachs Group's price objective indicates a potential upside of 22.15% from the stock's current price.
Other research analysts also recently issued research reports about the company. MKM Partners downgraded Playtika from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $17.00 to $13.50 in a report on Friday. Wedbush decreased their price target on Playtika from $35.00 to $22.00 in a research note on Wednesday, May 11th. Cowen dropped their price objective on Playtika from $35.00 to $31.00 in a research note on Friday. Credit Suisse Group decreased their target price on shares of Playtika from $30.00 to $24.00 in a research note on Wednesday, May 11th. Finally, Robert W. Baird dropped their price target on shares of Playtika from $27.00 to $16.00 in a research report on Wednesday, May 11th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, Playtika currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.46.
Playtika Price Performance
NASDAQ PLTK traded up $0.51 on Monday, reaching $12.28. 41,809 shares of the company's stock traded hands, compared to its average volume of 2,034,117. The stock has a market cap of $5.06 billion, a PE ratio of 16.59 and a beta of 0.20. Playtika has a 12 month low of $11.35 and a 12 month high of $30.00. The stock has a 50-day simple moving average of $13.21 and a 200 day simple moving average of $15.83.
Playtika (NASDAQ:PLTK - Get Rating) last announced its quarterly earnings data on Tuesday, May 10th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.02). The business had revenue of $679.60 million during the quarter, compared to analysts' expectations of $641.85 million. Playtika had a net margin of 11.54% and a negative return on equity of 92.35%. Playtika's revenue for the quarter was up 6.4% on a year-over-year basis. During the same period last year, the company posted $0.17 EPS. As a group, analysts anticipate that Playtika will post 0.74 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the business. Caledonia Private Investments Pty Ltd grew its holdings in Playtika by 7.1% in the fourth quarter. Caledonia Private Investments Pty Ltd now owns 5,741,132 shares of the company's stock worth $99,264,000 after purchasing an additional 380,265 shares during the period. Capital World Investors boosted its position in shares of Playtika by 23.8% in the 4th quarter. Capital World Investors now owns 5,724,881 shares of the company's stock worth $98,983,000 after purchasing an additional 1,100,701 shares in the last quarter. Senvest Management LLC grew its stake in shares of Playtika by 17.5% in the 4th quarter. Senvest Management LLC now owns 5,150,542 shares of the company's stock worth $89,053,000 after buying an additional 766,544 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd raised its stake in Playtika by 13.3% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,000,409 shares of the company's stock valued at $51,877,000 after buying an additional 352,462 shares during the last quarter. Finally, Jeneq Management LP bought a new stake in Playtika in the first quarter worth $51,379,000. 20.08% of the stock is currently owned by institutional investors.
Playtika Holding Corp. develops mobile games in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company owns a portfolio of casual and casino-themed games. It distributes its games to the end customer through various web and mobile platforms, such as Apple, Facebook, Google, and other web and mobile platforms and its own proprietary platforms.
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